UPBEAT NYC INC

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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

RICHARD MILLER

Phone

7187665291

Tax Period

2024-07-01 to 2025-06-30

UPBEAT NYC INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $549K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

UPBEAT NYC'S MISSION IS TO BUILD EQUITY, OPPORTUNITY, AND COMMUNITY THROUGH FREE MUSIC EDUCATION AND ENSEMBLE PERFORMANCE AND TO BRING ABOUT POSITIVE CHANGE IN THE LIVES OF SOUTH BRONX CHILDREN AND YOUTH. UPBEAT PROVIDES INTENSIVE MUSICAL ENGAGEMENT THROUGHOUT PARTICIPANTS' EARLY CHILDHOOD, ADOLESCENT AND YOUNG ADULT YEARS.

Program Service Accomplishments

Program 1

Expenses: $375,844

THE PROGRAM PROVIDED 200 SOUTH BRONX CHILDREN AND YOUTH AGES 5 TO 21 WITH A FREE-OF-CHARGE PROGRAM OF ARTISTIC AND SOCIAL DEVELOPMENT THROUGH IMMERSIVE MUSICAL TRAINING. PROGRAMMING TOOK PLACE 6...

THE PROGRAM PROVIDED 200 SOUTH BRONX CHILDREN AND YOUTH AGES 5 TO 21 WITH A FREE-OF-CHARGE PROGRAM OF ARTISTIC AND SOCIAL DEVELOPMENT THROUGH IMMERSIVE MUSICAL TRAINING. PROGRAMMING TOOK PLACE 6 DAYS/WEEK OVER 34 WEEKS OF AFTERSCHOOL AND SUNDAY MORNING PROGRAMMING AND A 3-WEEK SUMMER INTENSIVE. MUSIC INSTRUCTION WAS LED BY FOUR STAFF INSTRUCTORS AND 11 TEACHING ARTISTS, ALL WITH DIVERSE PERFORMING AND EDUCATION BACKGROUNDS. ALL ACTIVITIES AND INSTRUMENTS WERE PROVIDED FREE OF CHARGE. THE PROGRAM PROVIDED PAID INTERNSHIPS FOR HIGH SCHOOL AND COLLEGE AGE PARTICIPANTS TO GAIN INSIGHTS, TRAINING AND PROFESSIONAL EXPERIENCE IN THE FIELD OF MUSIC EDUCATION AND STRING INSTRUMENT REPAIR.

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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 $483,560

Program Service Revenue $0

Investment Income $0

Other Revenue $65,209

TOTAL REVENUE $548,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,104

Fundraising Expenses $72,165

Program Expenses $375,844

Other Expenses $381,594

TOTAL EXPENSES $593,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,769	$411,752	+0.3%
Expenses	$593,698	$498,828	+0.2%
Net Income	$-44,929	$-87,076	-0.5%

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

Total Directors

$99,074

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCESCA LAGUARDIA	CHAIR	1.00	Officer Director	$0	$0	$0
LIZA AUSTRIA	CO-EXECUTIVE DIRECTOR	40.00	Director	$49,537	$0	$49,537
RICHARD MILLER	CO-EXECUTIVE DIRECTOR	40.00	Director	$49,537	$0	$49,537
TRACY BLOUNT	SECRETARY	1.00	Officer Director	$0	$0	$0
RITA RUIZ	TREASURER	1.00	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
2025	$548,769	$593,698	$140,700	$-44,929
2024	No data	No data	No data	No data
2023	$566,445	$510,731	$271,455	$55,714
2022	$342,508	$369,438	$183,791	$-26,930
2021	$287,901	$315,511	$232,101	$-27,610
2020	$359,125	$261,289	$253,470	$97,836
2019	$302,944	$255,446	$135,044	$47,498
2018	$238,189	$225,938	$114,534	$12,251
2017	$221,536	$212,575	$132,097	$8,961