THINGAMAJIGS

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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

Edward Schocker

Phone

5105456689

Tax Period

2022-07-01 to 2023-06-30

THINGAMAJIGS, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $258K in total revenue in fiscal year 2022. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $223K left a modest 14% surplus.

Mission

Music and music education.

Program Service Accomplishments

Program 1

Expenses: $70,770 Revenue: $72,656

Conducted summer camp for seven weeks that served over 400 children. Summer camp focuses on making art and music and takes place from June through August.

Program 2

Expenses: $68,799 Revenue: $95,200

Conducted in-school and after-school music and instrument building workshops, serving over 350 students in four underserved local public schools. The classes are held between September through May.

Program 3

Expenses: $4,941 Revenue: $5,000

Organizing a new program called Redeline Redefined, including public concerts, sound walks and community talks. Thingamajigs has commissioned six artists (musicians, poets, film makers, etc) that...

Organizing a new program called Redeline Redefined, including public concerts, sound walks and community talks. Thingamajigs has commissioned six artists (musicians, poets, film makers, etc) that live/work in formally redlined areas to create original work based on the history of neighborhoods.

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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 (2022)

Revenue Breakdown

Contributions & Grants $150,460

Program Service Revenue $107,965

Investment Income $0

Other Revenue $0

TOTAL REVENUE $258,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,510

Other Expenses $222,857

TOTAL EXPENSES $222,857

Year-over-Year Comparison

	2022	2021	Change
Revenue	$258,425	$129,186	+1.0%
Expenses	$222,857	$125,273	+0.8%
Net Income	$35,568	$3,913	+8.1%

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

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
Edward Schocker	President	1	Director	$0	$0	$0
Kunal Dovedy	Treasurer	1	Officer	$0	$0	$0
Judy Halebsky	Secretary	1	Officer	$0	$0	$0
Takeshi Oda	Board member	1	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	$258,425	$222,857	$102,899	$35,568