MUSIC FOR SENIORS (EIN 352438992) - 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

2007

Legal Domicile

Principal Officer

LIZ KELLY

Phone

6153301937

Tax Period

2024-07-01 to 2025-06-30

MUSIC FOR SENIORS, founded in 2007, is a small nonprofit in the Human Services sector that reported $616K in total revenue in fiscal year 2024. Expenses of $691K exceeded revenue, resulting in a 12% operating deficit.

Mission

CONNECTS AREA MUSICIANS WITH OLDER ADULTS THROUGH LIVE MUSIC PROGRAMS. INTERACTIVE AND DESIGNED TO ENGAGE, ENTERTAIN AND EDUCATE SENIORS. PROMOTING HEALTH AND WELLBEING, REDUCING ISOLATION AND ENRICHING LIVES.

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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 $430,641

Program Service Revenue $194,800

Investment Income $754

Other Revenue $-9,883

TOTAL REVENUE $616,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,406

Fundraising Expenses $188,234

Program Expenses $457,197

Other Expenses $397,142

TOTAL EXPENSES $690,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$616,312	$611,496	+0.0%
Expenses	$690,548	$638,894	+0.1%
Net Income	$-74,236	$-27,398	+1.7%

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

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

$71,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIZ KELLY	EXECUTIVE DI	40.00	Officer	$71,814	$0	$71,814
ANTHONY BARTON	BOARD CHAIR	N/A	Director	$0	$0	$0
CARLA CHAMBERLAIN	BOARD MEMBER	N/A	Director	$0	$0	$0
LUCIA FOLK	BOARD CHAIR	N/A	Director	$0	$0	$0
LIBBY GARDNER	BOARD MEMBER	N/A	Director	$0	$0	$0
SUSANNAH GIBBONS	BOARD PAST C	N/A	Director	$0	$0	$0
DESIREE HOCUTT	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK MILLER	BOARD TREASU	N/A	Director	$0	$0	$0
ABBEY THOMAS	BOARD SECRET	N/A	Director	$0	$0	$0
ERIK WERNER	BOARD MEMBER	N/A	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	$616,312	$690,548	$96,111	$-74,236
2024	$611,496	$638,894	$197,690	$-27,398
2023	$487,280	$563,655	$206,142	$-76,375
2022	$524,300	$392,101	$272,474	$132,199
2021	$254,532	$212,053	$125,454	$42,479
2020	$270,577	$240,098	$75,326	$30,479
2019	$248,353	$265,385	$44,100	$-17,032
2018	$253,614	$266,754	$47,006	$-13,140

MUSIC FOR SENIORS