MUSIC 4 MIRACLES INC D/B/A HARMONY… - Form 990 Financial Data

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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

KRISTI HUDDLESTON

Phone

7722180045

Tax Period

2023-01-01 to 2023-12-31

MUSIC 4 MIRACLES INC D/B/A HARMONY HOPE STABLES, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $184K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $160K left a modest 13% surplus.

Mission

OUR MISSION IS TO BRING HARMONY, HOPE, AND HEALING INTO THE LIVES OF CHILDREN IN NEED AND PROVIDE THEM A THERAPEUTIC AND EDUCATIONAL EXPERIENCE FROM WHICH THEY CAN LEARN AND GROW.

Program Service Accomplishments

Program 1

Expenses: $160,111 Revenue: $217,105

WE COMBINE MUSIC ACTIVITIES AND EQUINE ASSISTED LEARNING IN A THERAPEUTIC ENVIRONMENT TO GIVE CHILDREN A SAFE PLACE TO EXPLORE THEIR EMOTIONS, COPE WITH ANXIETIES, AND SIMPLY BE THEMSELVES. OUR...

WE COMBINE MUSIC ACTIVITIES AND EQUINE ASSISTED LEARNING IN A THERAPEUTIC ENVIRONMENT TO GIVE CHILDREN A SAFE PLACE TO EXPLORE THEIR EMOTIONS, COPE WITH ANXIETIES, AND SIMPLY BE THEMSELVES. OUR PROGRAMS ARE ESPECIALLY HELPFUL FOR KIDS WITH AUTISM, ATTENTION-DEFICIT HYPERACTIVITY DISORDER, ANXIETY, A HISTORY OF ABUSE, POST-TRAUMATIC STRESS DISORDER, AND DEPRESSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $80,347

Program Service Revenue $46,791

Investment Income $0

Other Revenue $56,777

TOTAL REVENUE $183,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,162

Fundraising Expenses $0

Program Expenses $160,111

Other Expenses $89,949

TOTAL EXPENSES $160,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,915	$151,514	+0.2%
Expenses	$160,111	N/A	N/A
Net Income	$23,804	$151,514	-0.8%

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH GAMBOTZ	MEMBER	2.00	Director	$0	$0	$0
WILLIAM CJR HUDDLESTON	MEMBER	55.00	Director	$0	$0	$0
KRISTI HUDDLESTON	PRESIDENT	65.00	Officer	$65,000	$0	$65,000
SHAWN LOVE	VICE PRESIDENT	5.00	Officer	$0	$0	$0
SUSAN SABATINO	SECRETARY	5.00	Officer	$0	$0	$0
CAROLINE VINYARD	TREASURER	2.00	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
2024	No data	No data	No data	No data
2023	$183,915	$160,111	$55,456	$23,804

MUSIC 4 MIRACLES INC D/B/A HARMONY HOPE STABLES