MUSIC AND YOUTH INITIATIVEINC

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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

JOAN EICHHORN

Phone

6176808490

Tax Period

2024-01-01 to 2024-12-31

MUSIC AND YOUTH INITIATIVEINC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2024. Expenses of $211K left a modest 7% surplus.

Mission

WE BELIEVE THAT EVERY YOUNG PERSON SHOULD HAVE THE OPPORTUNITY TO EXPERIENCE THE MAGIC OF MUSIC. MUSIC HAS THE POWER TO BUILD ACADEMIC AND SOCIAL SKILLS, UNLEASH CREATIVITY, AND DEVELOP SELF-CONFIDENCE AND SELF-ESTEEM. MUSIC IS THE MAGNET THAT ATTRACTS YOUTH TO A SAFE PLACE TO LEARN AND GROW, AWAY FROM THE CULTURE OF DRUGS, GANGS, AND VIOLENCE WHICH IS ALL TOO PREVALENT ON THE STREETS OF THE LOW-INCOME URBAN AREAS WE TARGET. OUR PARTNERSHIPS WITH YOUTH DEVELOPMENT ORGANIZATIONS PROVIDE PARTICIPANTS IN MIDDLE SCHOOL AND OLDER WITH AFTER-SCHOOL MUSIC EDUCATION AS WELL AS ACCESS TO PROGRAMS AIMED AT SUCCESSFUL HIGH SCHOOL GRADUATION, OPPORTUNITIES FOR DEVELOPING JOB SKILLS, AND COLLEGE PREPARATION SUPPORT; ALL OF WHICH HELPS BUILD SELF-CONFIDENCE AND SELF-ESTEEM THAT WILL LAST A LIFETIME.

Program Service Accomplishments

Program 1

Expenses: $199,379

MUSIC AND YOUTH INITIATIVE WAS FOUNDED IN 2005 TO PARTNER WITH YOUTH DEVELOPMENT ORGANIZATIONS SERVING UNDER-RESOURCED URBAN COMMUNITIES. WE PROVIDE EACH PARTNER WITH MULTI-YEAR FUNDING, EQUIPMENT...

MUSIC AND YOUTH INITIATIVE WAS FOUNDED IN 2005 TO PARTNER WITH YOUTH DEVELOPMENT ORGANIZATIONS SERVING UNDER-RESOURCED URBAN COMMUNITIES. WE PROVIDE EACH PARTNER WITH MULTI-YEAR FUNDING, EQUIPMENT GRANTS, AND EXTENSIVE PROGRAM SUPPORT TO HELP THEM CREATE AND SUSTAIN A "MUSIC CLUBHOUSE", WHICH THEY INTEGRATE INTO THEIR OVERALL PROGRAM OFFERINGS. WE ALSO PROVIDE FUNDING AND PROGRAM SUPPORT FOR "CATALYST GRANTS" FOR NEW OR EXISTING INNOVATIVE PROGRAMS THAT USE MUSIC AS A VEHICLE FOR YOUTH DEVELOPMENT FOR ORGANIZATIONS THAT MAY NOT HAVE THE SPACE OR STAFFING REQUIRED FOR A MUSIC CLUBHOUSE. WE SUPPORT AFTER-SCHOOL PROGRAMS FOCUSED ON TWEENS AND TEENS, DESIGNED TO BE SAFE PLACES FOR YOUNG PEOPLE TO NOT ONLY EXPLORE THEIR MUSICAL INTERESTS, BUT MORE IMPORTANTLY USE MUSIC AS A VEHICLE TO UNDERSTAND AND EXPRESS THEIR THOUGHTS AND EMOTIONS, AND DEVELOP LIFE SKILLS AS THEY MOVE TOWARD ADULTHOOD. THESE PROGRAMS ARE LED BY A PROFESSIONAL MUSICAL STAFF WITH STRONG YOUTH DEVELOPMENT SKILLS WHO ARE DEDICATED TO HELPING ALL PARTICIPANTS FIND THEIR VOICE. THE PROGRAMS ARE INTENTIONALLY SELF-DIRECTED, ENCOURAGING TEENS TO PLAY THE MUSIC THEY ARE INTERESTED IN AND SUPPORTING THEIR EFFORTS TO LEARN AS MUCH MUSICALLY AS THEY DESIRE. IN ADDITION TO A WIDE ARRAY OF INSTRUMENTS SUCH AS GUITARS, DRUMS, AND KEYBOARDS AS WELL AS WITH STATE-OF-THE ART RECORDING HARDWARE AND SOFTWARE TO ATTRACT TODAY'S TEENS WHO ARE INTERESTED IN WRITING AND PRODUCING THEIR OWN MUSIC.

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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 $203,035

Program Service Revenue $0

Investment Income $23,953

Other Revenue $179

TOTAL REVENUE $227,167

Expense Breakdown

Grants Paid $194,395

Salaries & Benefits $0

Fundraising Expenses $703

Program Expenses $199,379

Other Expenses $16,906

TOTAL EXPENSES $211,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,167	$238,445	0.0%
Expenses	$211,301	$172,644	+0.2%
Net Income	$15,866	$65,801	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY EICHHORN	PRESIDENT	30.00	Officer Director	$0	$0	$0
JOAN EICHHORN	TREASURER, SECRETARY	30.00	Officer Director	$0	$0	$0
MARK DUFFY	DIRECTOR	0.50	Director	$0	$0	$0
TOM HAMILTON	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA HOWARD	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER SULLIVAN	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD EICHHORN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN LECLAIRE	DIRECTOR	0.50	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	$227,167	$211,301	$590,767	$15,866
2023	$238,445	$172,644	$571,479	$65,801
2022	$326,840	$303,587	$501,662	$23,253
2021	$254,662	$254,770	$481,928	$-108
2020	$308,300	$264,048	$483,393	$44,252
2019	$345,967	$321,448	$440,022	$24,519
2018	$359,689	$312,095	$415,875	$47,594