Notes For Notes Inc (EIN 204875556) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Phone

8056137308

Tax Period

2023-01-01 to 2023-12-31

Notes For Notes Inc, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 7% surplus.

Mission

To provide youth with free access to musical instruments, instruction, and a music-making environment so that music can become a profoundly positive influence in their lives.

🔒

Trantor Score

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,958,757

Program Service Revenue $0

Investment Income $0

Other Revenue $26,031

TOTAL REVENUE $2,984,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,030,966

Fundraising Expenses $222,410

Program Expenses $2,360,645

Other Expenses $751,414

TOTAL EXPENSES $2,782,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,984,788	$1,771,612	+0.7%
Expenses	$2,782,380	$2,013,837	+0.4%
Net Income	$202,408	$-242,225	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

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

$90,185

Total Directors

$90,185

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip Gilley	CEO	40.00	Officer Director	$90,185	$0	$90,185
Roderick Hare	Chairman	1.00	Officer Director	$0	$0	$0
Ian Smith	Director	1.00	Director	$0	$0	$0
Natalie Noone	Director	1.00	Director	$0	$0	$0
Matt Kettman	Secretary	1.00	Officer Director	$0	$0	$0
Evan Skopp	Treasurer	1.00	Officer Director	$0	$0	$0
Jeff Cuellar	Director	1.00	Director	$0	$0	$0
Duncan Dashiff	Director	1.00	Director	$0	$0	$0
Amilcar Welton	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	No data	No data	No data	No data
2023	$2,984,788	$2,782,380	$3,086,482	$202,408
2022	$1,771,612	$2,013,837	$3,023,685	$-242,225
2021	$2,515,834	$1,958,484	$2,688,504	$557,350
2020	$1,218,234	$2,088,954	$2,428,618	$-870,720
2019	$2,978,489	$2,168,164	$3,600,046	$810,325
2018	$1,807,654	$2,160,342	$2,961,926	$-352,688

Notes For Notes Inc