Grounded in Music Inc (EIN 208992225) - 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

2007

Legal Domicile

Principal Officer

Joseph Stallone

Phone

5124699800

Tax Period

2019-01-01 to 2019-12-31

Grounded in Music Inc, founded in 2007, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $16K in total revenue in fiscal year 2019. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 82% operating deficit.

Mission

Grounded in Music strives to bring educational programs and live musical programs to the Boys and girls clubs of Austin and Philadelphia. Additionally, children are provided with musical

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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 (2019)

Revenue Breakdown

Contributions & Grants $2,507

Program Service Revenue $8,500

Investment Income $1

Other Revenue $4,500

TOTAL REVENUE $15,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,300

Other Expenses $28,195

TOTAL EXPENSES $28,195

Year-over-Year Comparison

	2019	2018	Change
Revenue	$15,508	$47,031	-0.7%
Expenses	$28,195	$45,589	-0.4%
Net Income	$-12,687	$1,442	-9.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Stallone	President	4.00	Officer Director	$0	$0	$0
Jeff Kreinik	Director	4.00	Director	$0	$0	$0
Geoffrey Schulman	Vice-President	4.00	Officer Director	$0	$0	$0
Heather Wagner	Director	4.00	Director	$0	$0	$0
Andrea Villarreal	Secretary	4.00	Officer Director	$0	$0	$0
Natalie Blahuta	Treasurer	4.00	Officer Director	$0	$0	$0
Matt Naveskey	Director	4.00	Director	$0	$0	$0
Austin Hegarty	Director	4.00	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
2019	$15,508	$28,195	$24,542	$-12,687

Grounded in Music Inc