The Musical Arts Institute (EIN 300603029) - 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

Michael Manson

Tax Period

2023-01-01 to 2023-12-31

The Musical Arts Institute, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $839K in total revenue in fiscal year 2023. Expenses of $975K exceeded revenue, resulting in a 16% operating deficit.

Mission

MUSICAL ARTS INSTITUTE PROVIDES INTENSIVE PRIVATE AND GROUP TRAINING, AFTER SCHOOLPROGRAMMING AND OTHER SPECIALIZED LEARNING OPPORTUNITIES FOR YOUTH. WE SERVE CULTURALLY AND ECONOMICALLY UNDERSERVED COMMUNITIES WHERE ACCESS TO HIGH QUALITY MUSIC IS LIMITED.

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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 $639,150

Program Service Revenue $183,976

Investment Income $1,637

Other Revenue $13,816

TOTAL REVENUE $838,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $66,451

Program Expenses $397,513

Other Expenses $974,999

TOTAL EXPENSES $974,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$838,579	$812,041	+0.0%
Expenses	$974,999	$686,778	+0.4%
Net Income	$-136,420	$125,263	-2.1%

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	Role	Reportable Comp	Other Comp	Total
Dr Debrah Eldridge	Member	Director	$0	$0	$0
Damon Thompson	Member	Director	$0	$0	$0
Lana Manson	Finance Executive	Director	$0	$0	$0
Derrick Buckingham	Member	Director	$0	$0	$0
Erick Nickerson	Member	Director	$0	$0	$0
Adrianne Jones	Board Vice Chairman	Director	$0	$0	$0
Bert Allen	Board Chairman	Director	$0	$0	$0
Delvert Cole	Treasurer	Director	$0	$0	$0
Sharon Johnson	Secretary	Director	$0	$0	$0
Michael Manson	Executive Director	Officer Director Key Emp	$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
2024	No data	No data	No data	No data
2023	$838,579	$974,999	$627,663	$-136,420
2022	$812,041	$686,778	$757,326	$125,263
2021	$517,572	$490,947	$204,007	$26,625
2021	$515,882	$490,947	$641,028	$24,935
2020	$387,897	$317,694	$162,189	$70,203
2019	$223,931	$249,521	$48,888	$-25,590

The Musical Arts Institute