MUSIC WORKS INC (EIN 270833416) - 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

2009

Legal Domicile

Principal Officer

STACEY YOUNG

Phone

9174395265

Tax Period

2024-01-01 to 2024-12-31

MUSIC WORKS INC, founded in 2009, is a small nonprofit that reported $311K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $534K exceeded revenue, resulting in a 71% operating deficit.

Mission

ORGANIZE, PROMOTE AND PRESENT LIVE STAGED EVENTS, USING A PORTION OF THE PROCEEDS FROM TICKET SALES TO SUPPORT SELECTED LOCAL NOT FOR PROFITS.

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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 $0

Program Service Revenue $311,243

Investment Income $0

Other Revenue $0

TOTAL REVENUE $311,243

Expense Breakdown

Grants Paid $185,117

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $514,599

Other Expenses $348,661

TOTAL EXPENSES $533,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,243	$489,306	-0.4%
Expenses	$533,778	$429,775	+0.2%
Net Income	$-222,535	$59,531	-4.7%

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

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
MICHAEL REUTER	SECRETARY	2.00	Director	$0	$0	$0
MARTY PARIS	TREASURER	2.00	Director	$0	$0	$0
STACEY YOUNG	CEO/CHAIRMAN	20.00	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	$311,243	$533,778	No data	$-222,535
2023	$489,306	$429,775	$222,535	$59,531
2021	$238,374	$151,686	$59,159	$86,688
2021	$1,018,433	$228,652	$622,485	$789,781
2020	$1,166,752	$354,483	$62,180	$812,269
2019	$1,790,656	$452,531	$114,537	$1,338,125
2018	$813,588	$810,937	$125,399	$2,651

MUSIC WORKS INC