MuseIque (EIN 200725891) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Brian Colburn

Phone

6268447703

Tax Period

2024-01-01 to 2024-12-31

MuseIque, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $5.1M exceeded revenue, resulting in a 37% operating deficit.

Mission

Pioneering new musical experiences to capture and foster imagination in all music fans.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,125,107

Program Service Revenue $592,097

Investment Income $23,715

Other Revenue $0

TOTAL REVENUE $3,740,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,498,447

Fundraising Expenses $831,260

Program Expenses $3,629,674

Other Expenses $2,613,834

TOTAL EXPENSES $5,112,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,740,919	$4,491,868	-0.2%
Expenses	$5,112,281	$4,470,629	+0.1%
Net Income	$-1,371,362	$21,239	-65.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$150,000

Total Directors

Key Employees

$200,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachael Worby	Artistic Director	40.00	Key Emp	$200,000	$0	$200,000
Brian S Colburn	President / CEO	40.00	Officer	$150,000	$0	$150,000
Ronald Silverman	Executive Vice President	40.00	Highest	$145,000	$0	$145,000
Celina Robles	Director of Operations	40.00	Highest	$111,478	$0	$111,478
Patricia Wolff	Dir of Programming and Art	40.00	Highest	$120,512	$9,872	$130,384
Leeann Havner	Chair	8.00	Officer Director	$0	$0	$0
Dr Irene Sang Vice Chair	Governance Committee Chair	4.00	Officer Director	$0	$0	$0
Christine Splichal	Secretary	1.00	Officer Director	$0	$0	$0
Ashay Dalvi	Treasurer	4.00	Officer Director	$0	$0	$0
Sam Thomasson	Audit Committee Chair	8.00	Director	$0	$0	$0
Michael Dolphin	Director	2.00	Director	$0	$0	$0
James Shappell	Director	1.00	Director	$0	$0	$0
Bill Quicksilver	Director	1.00	Director	$0	$0	$0
Pete Kutzer	Internal Affairs Committee Chair	6.00	Director	$0	$0	$0
Jerry Kohl	Director	1.00	Director	$0	$0	$0
Harvey Knell	Director	1.00	Director	$0	$0	$0
Jonathan L Jake Jacobs	Director	1.00	Director	$0	$0	$0
Nancy Harahan	Director	5.00	Director	$0	$0	$0
Msgr Clement Connolly	Director	4.00	Director	$0	$0	$0
Renee Sun	Director	7.00	Director	$0	$0	$0
Michael Casey	Advancement Committee Chair	3.00	Director	$0	$0	$0
Romesh Anketell	Director (From July 2024)	1.00	Director	$0	$0	$0
Trish Bennett	Director	10.00	Director	$0	$0	$0
Tamerlin Godley	Director	9.00	Director	$0	$0	$0
Debbie Powell	Director (From Feb 2024)	1.00	Director	$0	$0	$0
Barbara Bice	Director (Until Feb 2024)	1.00	Director	$0	$0	$0
Ileana Hernandez	Director (Until Feb 2024)	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,740,919	$5,112,281	$3,024,665	$-1,371,362
2023	$4,491,868	$4,470,629	$4,461,054	$21,239
2022	$4,689,800	$3,876,417	$3,280,567	$813,383
2021	$2,164,576	$2,877,647	$2,379,427	$-713,071
2020	$2,448,022	$1,586,895	$2,970,531	$861,127
2019	$3,594,405	$2,795,805	$2,252,596	$798,600
2018	$1,856,241	$2,412,192	$1,245,332	$-555,951

MuseIque