Music4Life (EIN 264733898) - 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

David Endicott

Phone

2064093275

Tax Period

2021-09-01 to 2022-08-31

Music4Life, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $249K in total revenue in fiscal year 2021. Expenses of $226K left a modest 9% surplus.

Mission

Provides donated and repaired musical instruments for use by students in need.

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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 (2021)

Revenue Breakdown

Contributions & Grants $249,257

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $249,260

Expense Breakdown

Grants Paid $400

Salaries & Benefits $18,000

Fundraising Expenses $7,474

Program Expenses $167,810

Other Expenses $207,988

TOTAL EXPENSES $226,388

Year-over-Year Comparison

	2021	2020	Change
Revenue	$249,260	$249,816	0.0%
Expenses	$226,388	$217,947	+0.0%
Net Income	$22,872	$31,869	-0.3%

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

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Endicott	Co Founder and President	50.00	Officer Director	$18,000	$0	$18,000
Erin McBride	Secretary	1.00	Officer Director	$0	$0	$0
Gary Ryno	Treasurer	2.00	Officer Director	$0	$0	$0
Marli Iverson	Director	1.00	Director	$0	$0	$0
James Kraft	Director	1.00	Director	$0	$0	$0
Cliff Lenz	Director	1.00	Director	$0	$0	$0
Murl Allen Sanders	Director	1.00	Director	$0	$0	$0
Janice Winemiller	Director	1.00	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
2022	$249,260	$226,388	$74,972	$22,872
2021	$249,816	$217,947	$52,012	$31,869
2020	$208,413	$205,224	$20,533	$3,189
2019	$236,041	$233,871	$17,270	$2,170
2018	$246,361	$248,766	$14,903	$-2,405

Music4Life