BRING ON THE MUSIC INC (EIN 270030546) - 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

2001

Legal Domicile

Principal Officer

MICHAEL BALZARY

Phone

8183851933

Tax Period

2024-01-01 to 2024-12-31

BRING ON THE MUSIC INC, founded in 2001, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $3.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO FACILITATE AND PROVIDE BASIC MUSIC EDUCATION TO CHILDREN AND ADULTS.

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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 $1,361,541

Program Service Revenue $1,319,432

Investment Income $227,899

Other Revenue $-57,570

TOTAL REVENUE $2,851,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,099,733

Fundraising Expenses $161,622

Program Expenses $2,585,962

Other Expenses $1,132,718

TOTAL EXPENSES $3,232,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,851,302	$2,754,122	+0.0%
Expenses	$3,232,451	$2,857,508	+0.1%
Net Income	$-381,149	$-103,386	+2.7%

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

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

$163,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER REY	MANAGING DIRECTOR	40.00	Director	$163,692	$0	$163,692
ERIC GREENSPAN	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL BALZARY	DIRECTOR	0.00	Officer Director	$0	$0	$0
KEITH BARRY	DEAN & DIRECTOR	40.00	Director	$0	$0	$0
JOE BRAUN	DIRECTOR	0.00	Director	$0	$0	$0
SUSAN WIESNER	DIRECTOR	0.00	Director	$0	$0	$0
ANTHONY KIEDIS	DIRECTOR	0.00	Director	$0	$0	$0
JOHN SILVA	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL LERCH	DIRECTOR	0.00	Director	$0	$0	$0
IAN MONTONE	DIRECTOR	0.00	Director	$0	$0	$0
BARBARA BESTOR	DIRECTOR	0.00	Director	$0	$0	$0
JAIME GARCIA	DIRECTOR	0.00	Director	$0	$0	$0
LALO MEDINA	DIRECTOR	0.00	Director	$0	$0	$0
AMY SHAPIRO	DIRECTOR	0.00	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
2024	$2,851,302	$3,232,451	$11,237,377	$-381,149
2023	$2,754,122	$2,857,508	$11,617,300	$-103,386
2022	$7,577,491	$2,441,116	$11,794,480	$5,136,375
2021	$1,064,025	$1,684,690	$7,874,888	$-620,665
2020	$693,815	$1,853,588	$8,491,392	$-1,159,773
2019	$2,613,764	$2,149,918	$9,759,138	$463,846
2018	$2,095,598	$1,900,688	$9,293,972	$194,910

BRING ON THE MUSIC INC