Music Resource Center - Cincinnati

EIN: 331163381 501(c)(3)

Cincinnati, OH

Total Revenue
$77,482
Total Expenses
$48,214
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
OH
Principal Officer
Catherine Tamarelli
Phone
5138348306
Tax Period
2022-01-01 to 2022-12-31

Music Resource Center - Cincinnati, founded in 2007, is a micro nonprofit that reported $77K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $29K, a strong 38% operating margin.

Mission

MRC Cincinnati is a Multi-Faceted teen center that uses recording and performing arts, as well as life skills, to create a sense of empowerment and accomplishment in the urban community. Our mission is to educate and inspire young people through music and equip them with life skills for the future.

Program Service Accomplishments

Program 1
Expenses: $48,214

Operate an after school teen center and music recording studio for teens in Grades 7 through 12 to learn computer music production, recording and take music lessons. MRC operates a 7,900 Sq. Ft...

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Operate an after school teen center and music recording studio for teens in Grades 7 through 12 to learn computer music production, recording and take music lessons. MRC operates a 7,900 Sq. Ft. facility and offers members access to multi-track recording studios, project studios, rehearsal spaces, performance opportunities, and mentoring. The MRC studio is open Monday - Thursday from 2PM to 7PM and includes summer hours.

Program 2

MRC Partners with local organizations and schools to provide digital recording instruction. Teens work collaboratively in groups and learn to make a beat, write a song and record original music.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $77,482
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $77,482

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,613
Fundraising Expenses $0
Program Expenses $48,214
Other Expenses $15,601
TOTAL EXPENSES $48,214

Year-over-Year Comparison

2022 2021 Change
Revenue $77,482 $362,533 -0.8%
Expenses $48,214 $306,644 -0.8%
Net Income $29,268 $55,889 -0.5%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joe Bechtle Director 1.00
Director
$0 $0 $0
John Curley Director 1.00
Director
$0 $0 $0
Derryn Jones Director 1.00
Director
$0 $0 $0
Heidi Mechley-Felton Director 1.00
Director
$0 $0 $0
Nathan Miller Director 1.00
Director
$0 $0 $0
Zak Morgan Director 1.00
Director
$0 $0 $0
Sergio Munda Director 1.00
Director
$0 $0 $0
Robert Rhoad Director 1.00
Director
$0 $0 $0
Katie Tamarelli Director 1.00
Director
$0 $0 $0
Andrew Vecellio Director 1.00
Director
$0 $0 $0
Alexandra Anoff Vice President 1.00
Officer Director
$0 $0 $0
Bryan Berghauer Treasurer 1.00
Officer Director
$0 $0 $0
Ellen Maniaci Secretary 1.00
Officer Director
$0 $0 $0
Robert Wilson President 1.00
Officer 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
2022 $77,482 $48,214 No data $29,268
2021 $362,533 $306,644 $465,482 $55,889
2020 $317,046 $268,030 $409,593 $49,016
2019 $328,516 $352,840 $372,595 $-24,324
2018 $330,220 $353,302 $426,773 $-23,082
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