MIAMI MUSIC PROJECT INC (EIN 264084871) - 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

ANNA B KLIMALA

Phone

7864225221

Tax Period

2022-07-01 to 2023-06-30

MIAMI MUSIC PROJECT INC, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

MIAMI MUSIC PROJECT USES MUSIC AS AN INSTRUMENT FOR SOCIAL TRANSFORMATION, EMPOWERING CHILDREN TO ACQUIRE VALUES AND ACHIEVE THEIR FULL POTENTIAL, POSITIVELY AFFECTING THEIR SOCIETY THROUGH THE STUDY AND PERFORMANCE OF MUSIC. OUR VISION IS TO CREATE OPPORTUNITY AND ACCESS FOR THOSE MOST IN NEED, TO DEVELOP CREATIVITY, INNOVATION, AND TO IMPROVE THE QUALITY OF LIFE FOR CHILDREN TODAY, EQUIPPING THEM WITH THE SKILLS THEY NEED TO BE SUCCESSFUL IN THE FUTURE. MIAMI MUSIC PROJECT ESPOUSES THE FOLLOWING GOALS: - BUILD A FOUNDATION FOR A PROSPEROUS AND SUSTAINABLE SOCIETY BY INVESTING IN CHILDREN; - PROMOTE SOCIAL PROGRESS THROUGH MUSIC BY ENGAGING CHILDREN IN ENSEMBLE- BASED MUSIC LEARNING; - IMPROVE CHILDREN'S SOCIAL-EMOTIONAL WELL-BEING, BEHAVIORAL DEVELOPMENT, ACADEMIC MOTIVATION AND ACHIEVEMENT; - BUILD PRIDE WITHIN THE SERVED COMMUNITIES FOR THE BENEFIT OF THE FAMILIES AND NEIGHBORHOODS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,264,458

Program Service Revenue $4,920

Investment Income $77,167

Other Revenue $0

TOTAL REVENUE $2,346,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,280,144

Fundraising Expenses $120,130

Program Expenses $2,297,047

Other Expenses $1,357,550

TOTAL EXPENSES $2,637,694

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,346,545	$2,974,303	-0.2%
Expenses	$2,637,694	$2,164,728	+0.2%
Net Income	$-291,149	$809,575	-1.4%

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

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

$167,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA B KLIMALA	PRESIDENT	50.00	Officer	$162,946	$4,903	$167,849
MARIA PIA LEON ANGELL	CHAIRWOMAN	5.00	Officer Director	$0	$0	$0
DANIEL C MAZANEC	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
JACK FIRESTONE	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID KAMONS	TREASURER	5.00	Officer Director	$0	$0	$0
ARIEL ACOSTA-RUBIO	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHELLE GENET BERNSTEIN	BOARD MEMBER	5.00	Director	$0	$0	$0
DEXTER BRIDGEMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
STANLEY COHEN	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN COPELAND	BOARD MEMBER	5.00	Director	$0	$0	$0
NICOLE HENRY	BOARD MEMBER	5.00	Director	$0	$0	$0
GAIL MEYERS	BOARD MEMBER	5.00	Director	$0	$0	$0
NEDRA OREN	BOARD MEMBER	5.00	Director	$0	$0	$0
ISABELLA OTERO	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN RICHARD	BOARD MEMBER	5.00	Director	$0	$0	$0
IAN RUZAL-BRON	BOARD MEMBER	5.00	Director	$0	$0	$0
MARCELA SARMIENTO	BOARD MEMBER	5.00	Director	$0	$0	$0
EUGENE STARK	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,346,545	$2,637,694	$3,785,495	$-291,149
2022	$2,974,303	$2,164,728	$3,947,856	$809,575
2021	$2,147,653	$1,665,954	$3,277,003	$481,699
2020	$1,747,871	$1,828,760	$2,415,923	$-80,889
2019	$2,737,198	$1,815,337	$2,334,445	$921,861
2018	$1,676,171	$1,445,063	$1,357,430	$231,108

MIAMI MUSIC PROJECT INC