NEEDHAM, MA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare MUSIC AND YOUTH INITIATIVEINC with other nonprofits in Massachusetts and across the country.