MUSIC FOR LIFE INSTITUTE (EIN 311746269) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

SUZANNE NELSON

Phone

8775328651

Tax Period

2023-04-01 to 2024-03-31

MUSIC FOR LIFE INSTITUTE, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE GENERAL RELIEF AND CARE IN SUB-SAHARAN AFRICA, WITH A FOCUS ON CHILDREN'S PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,997,949

Program Service Revenue $19,500

Investment Income $11

Other Revenue $-17,095

TOTAL REVENUE $2,000,365

Expense Breakdown

Grants Paid $1,297,516

Salaries & Benefits $609,298

Fundraising Expenses $93,414

Program Expenses $2,076,840

Other Expenses $591,987

TOTAL EXPENSES $2,498,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,000,365	$1,872,313	+0.1%
Expenses	$2,498,801	$2,281,723	+0.1%
Net Income	$-498,436	$-409,410	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$204,813

Total Directors

$63,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
MAX CLEMENTS	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
CHARLOTTE DIORIO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE NELSON	DIRECTOR	5.00	Officer Director	$63,988	$0	$63,988
ALEXANDER PALMER	DIRECTOR	1.00	Director	$0	$0	$0
GORDON TONN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIA TRACY	CHIEF CREATIVE OFFICER	40.00	Officer	$83,454	$11,448	$94,902
RHEANNE LECHKOBIT	CHIEF OPERATIONS DIRECTOR	24.00	Officer	$0	$3,022	$45,923

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	$2,000,365	$2,498,801	$622,694	$-498,436
2023	$1,872,313	$2,281,723	$1,156,605	$-409,410
2022	$1,674,576	$1,895,970	$1,486,118	$-221,394
2021	$1,932,088	$1,807,499	$1,516,226	$124,589
2020	$3,516,551	$2,510,430	$1,423,074	$1,006,121
2019	$2,579,174	$2,427,065	$529,810	$152,109
2018	$2,675,759	$2,730,919	$360,341	$-55,160

MUSIC FOR LIFE INSTITUTE