Springfield, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MUSIC FOR LIFE, founded in 2010, is a small nonprofit in the Youth Development sector that reported $213K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $34K, a strong 16% operating margin.
Turning youthful dreams into reality by providing youth living in adverse circumstances opportunities that are otherwise either not attainable or too difficult to access due to their family's financial situation. We help them improve their academics, social skills, emotional well-being and connectivity to school and community, traits necessary for success. We provide them an educational and fun alternative to risky behaviors like gangs, truancy and substance abuse.
After-School Guitar Program - There are too few age appropriate after school programs for middle and high school age at-promise youth; the focus continues to be on early childhood education. While...
After-School Guitar Program - There are too few age appropriate after school programs for middle and high school age at-promise youth; the focus continues to be on early childhood education. While early childhood programs are essential, the lessons taught will not be retained if a comparable level of support is not provided through their difficult teen years. We provide free guitar lessons and mentoring to these youth in their neighborhoods and schools thus removing two of their greatest barriers; cost and transportation.
Band & Orchestra Program - Fees and participation requirements are making school band and orchestra programs increasingly more expensive; students have to pay for instruments, uniforms, travel and...
Band & Orchestra Program - Fees and participation requirements are making school band and orchestra programs increasingly more expensive; students have to pay for instruments, uniforms, travel and competitions; schools recommend students take private lessons to become proficient on their instrument because they don't have adequate teaching resources to provide them adequate individual lessons. The result is that at-promise youth are being priced out of participation and/or unable to keep pace with those students whose families can afford private lessons. We bridge this gap by helping these students with fees they cannot afford as well as providing them free individual lessons on any instrument. At-promise youth are those who lack the resources and support necessary to reach their potential.
STEAM Guitar Program - Traditional STEM programs focus on college preparedness and are not technologically diverse; there is a need for diversity in what's offered and the addition of a vocational...
STEAM Guitar Program - Traditional STEM programs focus on college preparedness and are not technologically diverse; there is a need for diversity in what's offered and the addition of a vocational component. This program diversifies the academic offerings by teaching students the STEM principles behind the design and operation of a guitar and then adds a vocational component by having them build their own instrument. An electric guitar is used for high school students; cigar box guitar for middle school students. The program is offered as a Career & Technical Education (CTE) elective during regular school hours. At-promise students can participate for free; other students can participate for a fee. We provide the teacher training, the unique tools requuired to assemble and test a guitar, course syllabus, and luthier support.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Skip Chaples | President | 40 |
Officer
Director
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$0 | $0 | $0 |
| Rick Weinberg | Treasurer | 4 |
Officer
Director
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$0 | $0 | $0 |
| Cheri Stronach | Secretary | 4 |
Officer
Director
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$0 | $0 | $0 |
| Jim Basara | Board Member | 4 |
Director
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$0 | $0 | $0 |
| Vince Blessing | Board Member | 4 |
Director
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$0 | $0 | $0 |
| Diane Ditzler | Board Member | 4 |
Director
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$0 | $0 | $0 |
| Glen McCarthy | Board Member | 4 |
Director
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$0 | $0 | $0 |
| Curtis Schehr | Board Member | 4 |
Director
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$0 | $0 | $0 |
| Betsy Stone | Board Member | 4 |
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$0 | $0 | $0 |
| 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 |
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