Musically Minded Inc Musically Min… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

ANNA M ORIAS

Phone

5106015700

Tax Period

2017-01-01 to 2017-12-31

Musically Minded Inc Musically Minded Academy, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $430K in total revenue in fiscal year 2017. Expenses of $374K left a modest 13% surplus.

Mission

To build community through performance based music education.

Program Service Accomplishments

Program 1

Expenses: $212,622 Revenue: $376

Educated over 100 private and small group students in instrumental and vocal music lessons with quarterly public music performances.

Program 2

Expenses: $30,374 Revenue: $25,990

Provided camps during summer and breaks for over 100 kids. Over 60% attended with financial assistance from our organization. Discounts were offered for underrepresented minorities.

Program 3

Expenses: $6,650 Revenue: $11,200

Presented Professional Concerts featuring local musicians that were recorded, mixed, archived and made available to the general public for educational and music appreciation purposes.

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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 (2017)

Revenue Breakdown

Contributions & Grants $8,879

Program Service Revenue $421,149

Investment Income $0

Other Revenue $0

TOTAL REVENUE $430,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,908

Fundraising Expenses $0

Program Expenses $249,646

Other Expenses $195,367

TOTAL EXPENSES $374,275

Year-over-Year Comparison

	2017	2016	Change
Revenue	$430,028	$428,974	+0.0%
Expenses	$374,275	$424,217	-0.1%
Net Income	$55,753	$4,757	+10.7%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E ORIAS	Vice President	1	Director	$0	$0	$0
EMILY PHAR	Board Member	1	Director	$0	$0	$0
CARL R BRUSH	Secretary of the Board	1	Director	$0	$0	$0
REBECCA HAWLEY	Board Member	1	Director	$0	$0	$0
ANNA C ORIAS	President	40	Director	$40,000	$0	$40,000

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
2017	$430,028	$374,275	No data	$55,753

Musically Minded Inc Musically Minded Academy