NEXT GENERATION MUSIC FOUNDATION INC

EIN: 331964561 501(c)(3) Arts, Culture & Humanities

BOCA RATON, FL

Total Revenue
$309,429
Total Expenses
$34,739
Total Assets
$274,890
Net Assets
$274,690
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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
2025
Legal Domicile
FL
Principal Officer
KEITH RIDENOUR
Phone
6158306246
Tax Period
2025-01-01 to 2025-12-31

NEXT GENERATION MUSIC FOUNDATION INC, founded in 2025, is a small nonprofit in the Arts, Culture & Humanities sector that reported $309K in total revenue in fiscal year 2025. The organization ran a surplus of $275K, a strong 89% operating margin.

Mission

TO COLLECT AND DISTRIBUTE MUSICAL INSTRUMENTS TO AREA SCHOOLS AND COMMUNITY CENTERS THAT MAY NOT OTHERWISE HAVE IT IN THEIR BUDGET TO PURCHASE SUCH INSTRUMENTS TO INSPIRE OUR YOUTH WITH AN OPPORTUNITY TO MAKE 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 (2025)

Revenue Breakdown

Contributions & Grants $309,429
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $309,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,739
Other Expenses $34,739
TOTAL EXPENSES $34,739

Year-over-Year Comparison

2025 2024 Change
Revenue $309,429 N/A N/A
Expenses $34,739 N/A N/A
Net Income $274,690 N/A N/A
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
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH RIDENOUR PRESIDENT 25.00
Officer
$0 $0 $0
LAWRENCE REYNOLDS TREASURER 5.00
Officer
$0 $0 $0
RANDY RIDENOUR SECRETARY 25.00
Officer
$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 $309,429 $34,739 $274,890 $274,690
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