MOSTLY MODERN PROJECTS 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

2006

Legal Domicile

Principal Officer

VICTORIA PATERSON

Phone

9179411493

Tax Period

2023-10-01 to 2024-09-30

MOSTLY MODERN PROJECTS INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $908K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $878K left a modest 3% surplus.

Mission

EXPOSE COMMUNITIES TO MUSICAL EDUCATION AND MUSICAL OUTREARCH PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $822,681 Revenue: $590,973

THE MAIN MISSION OF MOSTLY MODERN PROJECTS, INC. IS TO SUPPORT THE PERFORMANCE AND CREATION OF MUSIC BY LIVING COMPOSERS THROUGH CONCERTS, RECORDINGS, AND EDUCATIONAL OUTREACH INITIATIVES. MMP HAS...

THE MAIN MISSION OF MOSTLY MODERN PROJECTS, INC. IS TO SUPPORT THE PERFORMANCE AND CREATION OF MUSIC BY LIVING COMPOSERS THROUGH CONCERTS, RECORDINGS, AND EDUCATIONAL OUTREACH INITIATIVES. MMP HAS FOUR MAIN DIVISIONS: MOSTLY MODERN FESTIVAL (MMF), AN ANNUAL, THREE-WEEK SUMMER MUSIC FESTIVAL IN SARATOGA SPRINGS, NY THAT HOSTS OVER ONE HUNDRED AND FIFTY MUSICIANS FROM AROUND THE WORLD; AMERICAN MODERN ENSEMBEL (AME), A NEW MUSIC ENSEMBLE BASED IN NEW YORK CITY; AMERICAN MODERN RECORDINGS (AMR), AN INDEPENDENT RECORD LABEL THAT FOCUSES ON MUSIC BY LIVING COMPOSERS AND LUMIERE RECORDS, A LABEL THAT FOCUSES ON COMMERCIAL, CLASSICAL RECORDINGS.

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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 $306,150

Program Service Revenue $590,973

Investment Income $4,665

Other Revenue $6,267

TOTAL REVENUE $908,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,656

Fundraising Expenses $0

Program Expenses $822,681

Other Expenses $772,806

TOTAL EXPENSES $878,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$908,055	$987,981	-0.1%
Expenses	$878,462	$956,609	-0.1%
Net Income	$29,593	$31,372	-0.1%

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

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

$48,894

Total Directors

$97,788

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT PATERSON	ARTISTIC DIR	16.00	Director	$48,894	$0	$48,894
VICTORIA PATERSON	EXECUTIVE DI	16.00	Officer Director	$48,894	$0	$48,894
DAVID AMADO	DIRECTOR	1.00	Director	$0	$0	$0
OBIE BENZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CANNING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT E LEE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE DENNIS O'BRIEN	PRESIDENT	4.00	Officer Director	$0	$0	$0
SABINE RODGERS	DIRECTOR	1.00	Director	$0	$0	$0
RICK TELLER	DIRECTOR	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	$908,055	$878,462	$197,050	$29,593
2023	$987,981	$956,609	$211,345	$31,372
2022	$992,080	$993,135	$169,667	$-1,055
2021	$454,584	$372,768	$193,170	$81,816
2020	$228,882	$198,057	$135,915	$30,825
2018	$423,236	$415,388	$17,137	$7,848