NORTH SHORE MUSIC ALLIANCE INC (EIN 272360463) - 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

ANGELA YOFFE

Phone

8473703984

Tax Period

2023-01-01 to 2023-12-31

NORTH SHORE MUSIC ALLIANCE INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2020. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 52% operating margin.

Mission

PRESENTING CONCERTS AND FESTIVALS IN THE CHICAGO METROPOLITAN AREA AS WELL AS PROVIDING EDUCATIONAL AND PERFORMING OPPORTUNITIES TO THE MOST TALENTED EMERGING MUSICIANS.

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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 $196,902

Program Service Revenue $14,212

Investment Income $6,146

Other Revenue $0

TOTAL REVENUE $217,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,366

Fundraising Expenses $0

Program Expenses $170,738

Other Expenses $165,896

TOTAL EXPENSES $178,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,260	$207,071	+0.0%
Expenses	$178,262	$158,687	+0.1%
Net Income	$38,998	$48,384	-0.2%

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

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA YOFEE	PRESIDENT	3.00	Director	$10,000	$0	$10,000
ANGELA YOFEE	TREASURER	3.00	Director	$0	$0	$0
GENNADY FRIDMAN	SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$217,260	$178,262	$359,289	$38,998
2022	$207,071	$158,687	$322,827	$48,384
2021	$184,960	$149,456	$271,433	$35,504
2020	$213,111	$101,612	$235,929	$111,499

NORTH SHORE MUSIC ALLIANCE INC