MUSIC UNITES INC

EIN: 270872124 501(c)(3) Arts, Culture & Humanities

Santa Monica, CA

Total Revenue
$3,016
Total Expenses
$8,459
Total Assets
$430,375
Net Assets
$430,375
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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
DE
Principal Officer
Michelle Edgar
Phone
2017687684
Tax Period
2023-01-01 to 2023-12-31

MUSIC UNITES INC, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $3K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 180% operating deficit.

Mission

PLEASE SEE SCH O

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,016
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,016

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,459
Other Expenses $8,459
TOTAL EXPENSES $8,459

Year-over-Year Comparison

2023 2022 Change
Revenue $3,016 $5,143 -0.4%
Expenses $8,459 $124,049 -0.9%
Net Income $-5,443 $-118,906 -1.0%
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

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Governance

Voting Members
4
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jon Cohen Director 0.00
Director
$0 $0 $0
Ron Glickman Chairman 0.00
Director
$0 $0 $0
Ed Chapman Director 0.00
Director
$0 $0 $0
Michelle Edgar President 0.00
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
2023 $3,016 $8,459 $430,375 $-5,443
2022 $5,143 $124,049 $435,818 $-118,906
2021 $8,200 $3,450 $554,724 $4,750
2020 $212,876 $56,691 $549,974 $156,185
2019 $99,178 $23,457 $370,340 $75,721
2018 $67,308 $40,925 $298,334 $26,383
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