MUSICWORKS (EIN 262059154) - 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

2008

Legal Domicile

Principal Officer

LORI O'LEARY

Phone

6104499669

Tax Period

2024-07-01 to 2025-06-30

MUSICWORKS, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 14% surplus.

Mission

MUSICWORKS PROVIDES MUSIC THERAPY SERVICES TO RESTORE, IMPROVE, AND MAINTAIN THE QUALITY OF LIFE OF ALL INDIVIDUALS THROUGHOUT THE DELAWARE VALLEY WHO ARE CHALLENGED BY AUTISM, SPECIAL NEEDS, ILLNESS, OR AGING.

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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 $219,848

Program Service Revenue $945,735

Investment Income $19,066

Other Revenue $0

TOTAL REVENUE $1,184,649

Expense Breakdown

Grants Paid $85,392

Salaries & Benefits $738,008

Fundraising Expenses $17,746

Program Expenses $866,090

Other Expenses $197,914

TOTAL EXPENSES $1,021,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,184,649	$1,152,069	+0.0%
Expenses	$1,021,314	$935,678	+0.1%
Net Income	$163,335	$216,391	-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

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

$245,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD O'LEARY	DIRECTOR/VIC	40.00	Officer	$122,500	$0	$122,500
LORI O'LEARY	EXEC DIRECTO	40.00	Officer	$122,500	$0	$122,500
GAIL CURRAN	DIRECTOR	1.00	Director	$0	$0	$0
JESHAHNTON ESSEX	DIRECTOR	1.00	Director	$0	$0	$0
JAMEYSHIA FRANKIN	DIRECTOR	1.00	Director	$0	$0	$0
JUNELL Y HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA C HOHN	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET MORAN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD C MORELAND	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA SHAY DUSKA	TREASURER	1.00	Officer	$0	$0	$0
WENDY L JERSHKY	ASSISTANT TR	1.00	Officer	$0	$0	$0
GLENN MARSHALL	BOARD CHAIR	5.00	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
2025	$1,184,649	$1,021,314	$1,359,256	$163,335
2024	$1,152,069	$935,678	$1,198,645	$216,391
2023	$1,128,263	$869,909	$983,740	$258,354
2022	$1,051,021	$746,910	$725,313	$304,111
2021	$597,556	$538,591	$498,752	$58,965
2020	$509,701	$553,484	$277,973	$-43,783
2019	$547,748	$483,011	$249,695	$64,737
2018	$437,243	$432,185	$190,015	$5,058

MUSICWORKS