TUNEFOOLERY MUSIC INC (EIN 271440424) - 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

Eugene McCarthy

Phone

6176268991

Tax Period

2023-07-01 to 2024-06-30

TUNEFOOLERY MUSIC INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $156K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $141K left a modest 9% surplus.

Mission

Tunefoolery is an arts & human services nonprofit that empowers, educates, and employs musicians in mental health recovery who perform 400+ live music events at community partner sites and for the public.

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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 $120,982

Program Service Revenue $34,590

Investment Income $0

Other Revenue $0

TOTAL REVENUE $155,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,218

Fundraising Expenses $7,115

Program Expenses $122,423

Other Expenses $78,194

TOTAL EXPENSES $141,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,572	$135,884	+0.1%
Expenses	$141,412	$159,336	-0.1%
Net Income	$14,160	$-23,452	-1.6%

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

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

$11,278

Total Directors

$11,278

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eugene McCarthy	Secretary	5	Officer Director	$5,914	$0	$5,914
Jeff Fisher	Treasurer	5	Officer Director	$5,364	$0	$5,364
Maria Fontellio	Acting Chair	2	Officer Director	$0	$0	$0
Deborah Shea	Director	1	Director	$0	$0	$0
Cate Solomon	Director	1	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
2025	No data	No data	No data	No data
2024	$155,572	$141,412	$80,132	$14,160
2023	$135,884	$159,336	$65,972	$-23,452
2022	$133,696	$184,450	$89,424	$-50,754
2021	$210,509	$175,857	$140,699	$34,652
2020	$207,298	$164,951	$125,059	$42,347

TUNEFOOLERY MUSIC INC