MUSIC CONNECTIONS FOUNDATION INC (EIN 261375668) - 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

Phone

3098286806

Tax Period

2024-01-01 to 2024-12-31

MUSIC CONNECTIONS FOUNDATION INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

PROVIDE MUSIC EDUCATION TO CHILDREN. OUR MISSION IS TO PROVIDE QUALITY MUSIC EDUCATION IN THE EARLY CHILDHOOD YEARS, THEREBY EHANCING OPTIMAL COGNITIVE, PHYSICAL, SOCIAL, EMOTIONAL, LANGUAGE AND MUSICAL DEVELOPMENT. MUSIC CONNECTIONS SEEKS TO INCREASE SERVICE TO CHILDREN WITH SPECIAL NEEDS AND IN LOW INOCM SITUATIONS WHO WOULD OTHERWISE NOT AFFORD IT.

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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 $39,612

Program Service Revenue $386,394

Investment Income $13

Other Revenue $23,727

TOTAL REVENUE $449,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,205

Fundraising Expenses $0

Program Expenses $477,991

Other Expenses $371,434

TOTAL EXPENSES $478,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,746	$356,259	+0.3%
Expenses	$478,639	$394,212	+0.2%
Net Income	$-28,893	$-37,953	-0.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA RINGER	Secretary	1.00	Director	$0	$0	$0
ELIZABETH FLANAGAN-NUMMERDOR	Director	1.00	Director	$0	$0	$0
CINDY TARRANT	Treasurer	2.00	Director	$0	$0	$0
TRACI TRUNK	Director	0.00	Director	$0	$0	$0
KATHRYN HENDERSON	President	40.00	Officer	$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	$449,746	$478,639	$12,169	$-28,893
2023	$356,259	$394,212	$19,963	$-37,953
2022	$338,477	$297,413	$57,916	$41,064
2019	$218,207	$201,239	$24,234	$16,968

MUSIC CONNECTIONS FOUNDATION INC