MUSIC FOR LIFE (EIN 272981666) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Francis Chaples

Phone

7032838547

Tax Period

2025-01-01 to 2025-12-31

MUSIC FOR LIFE, founded in 2010, is a small nonprofit in the Youth Development sector that reported $164K in total revenue in fiscal year 2019. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $45K, a strong 27% operating margin.

Mission

Using music education to narrow the achievement gap between at-promise youth and their more advantaged peers; providing them with the resources and support they need to reach their potential. We operate five music education programs: After-School Guitar, Band & Orchestra, STEAM Guitar, Ukulele, and Piano.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $212,527

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,021

Fundraising Expenses $3,402

Program Expenses $172,433

Other Expenses $121,223

TOTAL EXPENSES $178,244

Year-over-Year Comparison

	2025	2024	Change
Revenue	$212,527	$191,681	+0.1%
Expenses	$178,244	$210,115	-0.2%
Net Income	$34,283	$-18,434	-2.9%

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

100

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
Skip Chaples	President	40	Officer Director	$0	$0	$0
Rick Weinberg	Treasurer	4	Officer Director	$0	$0	$0
Cheri Stronach	Secretary	4	Officer Director	$0	$0	$0
Jim Basara	Board Member	4	Director	$0	$0	$0
Vince Blessing	Board Member	4	Director	$0	$0	$0
Diane Ditzler	Board Member	4	Director	$0	$0	$0
Glen McCarthy	Board Member	4	Director	$0	$0	$0
Curtis Schehr	Board Member	4	Director	$0	$0	$0
Betsy Stone	Board Member	4	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	$212,527	$178,244	$357,811	$34,283
2024	No data	No data	No data	No data
2023	$179,438	$212,988	$357,858	$-33,550
2022	$172,214	$156,606	$389,520	$15,608
2021	$190,581	$138,490	$365,994	$52,091
2020	$156,987	$125,837	$309,586	$31,150
2019	$164,266	$119,659	$280,127	$44,607

MUSIC FOR LIFE