Make Music New York Inc (EIN 205751217) - 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

2006

Legal Domicile

Phone

9177799709

Tax Period

2024-07-01 to 2025-06-30

Make Music New York Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $360K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE CORPORATION IS FORMED FOR THE PURPOSES OF ENABLING THE PUBLIC OF NYC TO PARTICIPATE IN ANNUAL LIVE, FREE MUSICAL CELEBRATIONS IN THE CITYS PUBLIC AND PRIVATE SPACES ON OR ABOUT THE SUMMER SOLSTICE AND OTHER TIMES THROUGHOUT THE YEAR.

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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 $239,967

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $239,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,586

Fundraising Expenses $25,505

Program Expenses $299,237

Other Expenses $235,861

TOTAL EXPENSES $360,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,967	$454,175	-0.5%
Expenses	$360,447	$403,577	-0.1%
Net Income	$-120,480	$50,598	-3.4%

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

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

$88,423

Total Directors

$88,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Burke	Executive Dir.	40.00	Officer Director	$88,423	$0	$88,423
Aaron Friedman	Director	1.00	Director	$0	$0	$0
Camilla Hellman	Director	1.00	Director	$0	$0	$0
Robert Becker	Chairman	4.00	Officer Director	$0	$0	$0
Robert Singerman	Director	1.00	Director	$0	$0	$0
Steven Swartz	Director	1.00	Director	$0	$0	$0
Samit Mody	Treasurer	2.00	Officer Director	$0	$0	$0
Henry Henderson	Secretary	2.00	Officer Director	$0	$0	$0
Dick Lynn	Director	1.00	Director	$0	$0	$0
Phil Ballman	Director	1.00	Director	$0	$0	$0
Sharon King Hoge	Director	1.00	Director	$0	$0	$0
Alexis Goldberg	Director	1.00	Director	$0	$0	$0
Peter Seymour	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
2025	$239,967	$360,447	$97,001	$-120,480
2024	No data	No data	No data	No data
2022	$201,997	$201,251	$172,536	$746
2021	$233,505	$139,213	$169,054	$94,292
2020	$679,631	$976,624	$111,794	$-296,993
2019	$795,647	$628,822	$456,005	$166,825
2018	$563,909	$355,141	$244,696	$208,768

Make Music New York Inc