BROOKLYN YOUTH MUSIC PROJECT INC (EIN 274831801) - 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

2011

Legal Domicile

Principal Officer

PHILIP MILLER

Phone

2125418110

Tax Period

2024-09-01 to 2025-08-31

BROOKLYN YOUTH MUSIC PROJECT INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $185K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

A) FOSTERING, ENCOURAGING AND PROMOTING THE PRACTICE AND ENJOYMENT OF THE MUSICAL ARTS IN BROOKLYN AND THE SURROUNDING AREAS B) PROVIDE COMMUNITY BASED ORCHESTRAS AND MUSICAL GROUPS IN BROOKLYN TO PERFORM IN THE BOROUGH AND SURROUNDING AREAS C) DEVELOPING AND ENCOURAGING THE EXPANSION OF MUSICAL PROGRAMS D) PROVIDING SUMMER MUSIC DAY CAMP PROGRAMS FOR YOUNG PEOPLE

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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 $98,645

Program Service Revenue $86,130

Investment Income $0

Other Revenue $0

TOTAL REVENUE $184,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,084

Fundraising Expenses $0

Program Expenses $183,948

Other Expenses $61,401

TOTAL EXPENSES $195,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,775	$203,789	-0.1%
Expenses	$195,485	$200,372	0.0%
Net Income	$-10,710	$3,417	-4.1%

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

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

$43,482

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY HOWARD	ARTISTIC DIR	25.00	Director	$43,482	$0	$43,482
MAGDA CRUZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ISABELLE JETTE	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE LIPKIN	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
MUNSUN PARK	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON ROBUSTELLI	DIRECTOR	1.00	Director	$0	$0	$0
MAX SWISHER	DIRECTOR	1.00	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	$184,775	$195,485	$23,325	$-10,710
2024	$203,789	$200,372	$34,035	$3,417
2023	$137,591	$208,479	$30,618	$-70,888
2022	$186,781	$178,838	$101,506	$7,943
2021	$191,421	$167,068	$116,813	$24,353
2020	$117,978	$160,671	$96,445	$-42,693
2018	$239,709	$197,499	$79,015	$42,210

BROOKLYN YOUTH MUSIC PROJECT INC