THE GUITAR CENTER MUSIC FOUNDATION (EIN 203436786) - 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

2005

Legal Domicile

Principal Officer

MYKA MILLER

Phone

8187068742

Tax Period

2024-01-01 to 2024-12-31

THE GUITAR CENTER MUSIC FOUNDATION, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $861K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

DONATE RESOURCES TO MUSIC EDUCATION AND THERAPY PROGRAMS SO THAT THEY CAN OFFER MORE PEOPLE MAKE MUSIC AVAILABLE TO EVERYONE IN THE COMMUNITIES IN WHICH WE SERVE, TO PROMOTE ITS IMPORTANCE THROUGH EDUCATION AND MEDIA .

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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 $835,807

Program Service Revenue $0

Investment Income $6,155

Other Revenue $19,340

TOTAL REVENUE $861,302

Expense Breakdown

Grants Paid $474,939

Salaries & Benefits $25,675

Fundraising Expenses $253,369

Program Expenses $545,298

Other Expenses $344,718

TOTAL EXPENSES $845,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$861,302	$665,919	+0.3%
Expenses	$845,332	$803,436	+0.1%
Net Income	$15,970	$-137,517	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HELFANT	CHAIRMAN	005.00	Officer Director	$0	$0	$0
LESLIE ROSENTHAL	SECRETARY	002.00	Officer Director	$0	$0	$0
MICHAEL SAMMIS	DIRECTOR	002.00	Officer Director	$0	$0	$0
ANNE BUCHANAN	DIRECTOR	005.00	Officer Director	$0	$0	$0
DON LOMBARDI	DIRECTOR	003.00	Officer Director	$0	$0	$0
SHEILA E	DIRECTOR	001.00	Officer Director	$0	$0	$0
VAL GARAY	DIRECTOR	002.00	Officer Director	$0	$0	$0
ALISON BALL	DIRECTOR	002.00	Officer Director	$0	$0	$0
JAE DEAL	DIRECTOR	002.00	Officer Director	$0	$0	$0
RAUL CARREGA	CFO	002.00	Officer Director	$0	$0	$0
HERB TRAWICK	DIRECTOR	002.00	Officer Director	$0	$0	$0
FRED CROSHAL	DIRECTOR	002.00	Officer Director	$0	$0	$0
MYKA MILLER	EXECUTIVE DIRECTOR	050.00	Officer	$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
2025	No data	No data	No data	No data
2024	$861,302	$845,332	$323,921	$15,970
2023	$665,919	$803,436	$307,951	$-137,517
2022	$646,456	$683,238	$445,468	$-36,782
2021	$603,327	$487,479	$482,250	$115,848
2020	$332,192	$190,258	$390,784	$141,934
2019	$256,574	$225,182	$238,872	$31,392
2018	$270,214	$228,737	$214,634	$41,477

THE GUITAR CENTER MUSIC FOUNDATION