MUSIC IS EXTRAORDINARY INC

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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

2005

Legal Domicile

Principal Officer

ANGELA WELLMAN

Tax Period

2023-01-01 to 2023-12-31

MUSIC IS EXTRAORDINARY INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $755K in total revenue in fiscal year 2023. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $365K, a strong 48% operating margin.

Mission

TO TEACH A VARIEY OF MUSIC ARTS THROUGH PROVIDING ECONOMICAL LESSONS AND CONCERTS

Program Service Accomplishments

Program 1

Expenses: $241,249 Revenue: $60,167

A LEADER IN MUSIC EDUCATION IN THE BAY AREA, MORE THAN 300 YOUNG PEOPLE HAVE BEEN EXPOSED TO QUALITY MUSIC FROM DIFFERENT GENRES. IN ADDITION WE HAVE INCREASED THE MUSIC LITERACYOF OVER 700 STUDENTS THROUGH OUR SUMMER MUSIC ACADEMY. WE HAVE ALSO TRAINED OVER 900 FLEDGLING MUSICIANS THROUGH PREPARATORY STUDIES AND DEVELOPED PRE-PROFESSIONAL MUSICIANS THROUGH THE FREDERICK DOUGLASS YOUTH ENSEMBLE. 95% OF OUR STUDENTS WHO HAVE GRADUATED OUR PROGRAMS HAVE ENTERED HIGH SCHOOL, COLLEGE OR CONSERVATORY MUSIC PROGRAMS. SINCE OUR FORMATION WE HAVE PROVIDED DIRECT MUSIC EDUCATION FOR OVER 1,200 STUDENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $668,835

Program Service Revenue $60,167

Investment Income $1,400

Other Revenue $25,010

TOTAL REVENUE $755,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,282

Fundraising Expenses $4,748

Program Expenses $241,249

Other Expenses $174,368

TOTAL EXPENSES $390,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,412	$320,516	+1.4%
Expenses	$390,650	$240,848	+0.6%
Net Income	$364,762	$79,668	+3.6%

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

N/A

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

$82,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA WELLMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$82,862	$0	$82,862
MICHAEL JAMES CRONEN	DIRECTOR	1.00	Director	$0	$0	$0
SUZY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE CAHN	DIRECTOR	1.00	Director	$0	$0	$0
SALEEM GILMORE	DIRECTOR	0.00	Director	$0	$0	$0
SONYA SCOTT	TREASURER	5.00	Officer 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	No data	No data	No data	No data
2023	$755,412	$390,650	$834,597	$364,762
2022	$320,516	$240,848	$463,212	$79,668
2021	$442,020	$343,457	$378,340	$98,563
2020	$347,036	$338,551	$297,318	$8,485
2020	$347,036	$338,551	$297,318	$8,485