Healing Rhythms (EIN 384165853) - 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

2020

Legal Domicile

Phone

6199172101

Tax Period

2023-01-01 to 2023-12-31

Healing Rhythms, founded in 2020, is a small nonprofit in the Human Services sector that reported $366K in total revenue in fiscal year 2023. The organization ran a surplus of $159K, a strong 44% operating margin.

Mission

At Healing Rhythms, we offer genuine West African Drum Circle encounters tailored for individuals across all age groups. Our objective is to foster well-being and catalyze positive metamorphosis among our beneficiaries. Our focus extends towards serving incarcerated and formerly incarcerated individuals, alongside other marginalized segments of society. We firmly believe in the universal right of every individual to self-expression and the embracement of their authentic identity.

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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 $86,750

Program Service Revenue $278,812

Investment Income $0

Other Revenue $0

TOTAL REVENUE $365,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,985

Fundraising Expenses $0

Program Expenses $181,812

Other Expenses $184,423

TOTAL EXPENSES $206,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,562	N/A	N/A
Expenses	$206,408	N/A	N/A
Net Income	$159,154	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

Governance

Voting Members

Independent Members

N/A

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

$21,985

Total Directors

$21,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DeVaughn Braxton	Secretary	20.00	Officer Director	$21,985	$0	$21,985
Lacey Williams	CEO	20.00	Officer Director	$0	$0	$0
Serigne Sow	CFO	20.00	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
2023	$365,562	$206,408	$160,295	$159,154

Healing Rhythms