MUSIC & MEMORY INC (EIN 272098431) - 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

2010

Legal Domicile

Principal Officer

ANN WYATT

Phone

9178499328

Tax Period

2024-01-01 to 2024-12-31

MUSIC & MEMORY INC, founded in 2010, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

MUSIC & MEMORY BRINGS PERSONALIZED MUSIC INTO THE LIVES OF ELDERLY OR INFORM THROUGH DIGITAL TECHNOLOGY, VASTLY IMPROVING QUALITY OF LIFE.

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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 $213,241

Program Service Revenue $44,450

Investment Income $0

Other Revenue $600

TOTAL REVENUE $258,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,298

Fundraising Expenses $21,866

Program Expenses $167,405

Other Expenses $186,467

TOTAL EXPENSES $259,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,291	$221,425	+0.2%
Expenses	$259,765	$336,964	-0.2%
Net Income	$-1,474	$-115,539	-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

Governance

Voting Members

Independent Members

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY YANG-LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
ULRICH ROSA	DIRECTOR	1.00	Director	$0	$0	$0
CONCETTA TOMAINO	DIRECTOR	3.00	Director	$0	$0	$0
PETER HIRSCH	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID GENTNER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN WYATT	TREASURER	15.00	Officer 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	$258,291	$259,765	$161,198	$-1,474
2023	$221,425	$336,964	$75,091	$-115,539
2022	$416,505	$337,293	$184,519	$79,212
2021	$530,592	$421,255	$137,024	$109,337
2020	$484,733	$464,559	$164,102	$20,174
2019	$1,351,818	$1,388,344	$271,350	$-36,526
2019	$1,543,905	$1,388,431	$297,428	$155,474
2018	$2,220,010	$2,593,036	$329,597	$-373,026
2018	$1,965,874	$2,653,474	$297,051	$-687,600

MUSIC & MEMORY INC