MUSIC FORWARD

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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

GRAHAM PARKER

Phone

3474575129

Tax Period

2023-01-01 to 2023-12-31

MUSIC FORWARD, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

THE KNIGHTS ARE AN ORCHESTRAL COLLECTIVE, FLEXIBLE IN SIZE AND REPERTORY, DEDICATED TO TRANSFORMING THE CONCERT EXPERIENCE.

Program Service Accomplishments

Program 1

Expenses: $1,145,031 Revenue: $544,633

THE KNIGHTS ARE AN ORCHESTRAL COLLECTIVE, FLEXIBLE IN SIZE AND REPERTORY, DEDICATED TO TRANSFORMING THE CONCERT EXPERIENCE. THE ORCHESTRA OFFERS IN-PERSON MUSIC PROGRAMMING IN NEW YORK CITY AS WELL AS ON TOUR DOMESTICALLY AND INTERNATIONALLY. THE KNIGHTS HAVE A 3-CONCERT SERIES AT CARNEGIE HALL, EDUCATIONAL PARTNERSHIPS WITH WQXR CLASSICAL RADIO AND THE NEW YORK PHILHARMONIC VERY YOUNG COMPOSERS PROGRAM, AND A RESIDENCY AT TEMPLE EMANU-EL NURSERY SCHOOL IN NEW YORK CITY.

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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 $879,550

Program Service Revenue $544,633

Investment Income $4,544

Other Revenue $0

TOTAL REVENUE $1,428,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,741

Fundraising Expenses $197,216

Program Expenses $1,145,031

Other Expenses $914,259

TOTAL EXPENSES $1,519,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,428,727	$1,664,816	-0.1%
Expenses	$1,519,000	$2,021,466	-0.2%
Net Income	$-90,273	$-356,650	-0.7%

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

$318,008

Total Directors

$255,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRAHAM PARKER	CHAIR	2.00	Officer Director	$0	$0	$0
COLIN JACOBSEN	ARTISTIC DIRECTOR	20.00	Officer Director	$88,594	$32,957	$121,551
ERIC JACOBSEN	ARTISTIC DIRECTOR	20.00	Officer Director	$73,690	$0	$73,690
GUILLAUME CUVELIER	TREASURER	2.00	Officer Director	$0	$0	$0
AUDREY FRANCIS	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL ATKINSON	SPECIAL ORCHESTRA LIAISON	2.00	Director	$16,875	$0	$16,875
MARIO GOTOH AS OF DEC 2023	MUSICIAN REPRESENTATIVE	2.00	Director	$19,695	$0	$19,695
MARK JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN PERLES	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SEKHRI TO AUG 2023	BOARD MEMBER	2.00	Director	$0	$0	$0
CAITLIN SULLIVAN TO DEC 2023	MUSICIAN REPRESENTATIVE	2.00	Director	$23,375	$0	$23,375
BRIDGET MUNDY	EXECUTIVE DIRECTOR	40.00	Officer	$102,236	$20,531	$122,767

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	No data	No data	No data	No data
2023	$1,428,727	$1,519,000	$1,258,498	$-90,273
2022	$1,664,816	$2,021,466	$1,293,211	$-356,650
2021	$2,219,896	$1,217,783	$1,883,651	$1,002,113
2020	$1,202,718	$978,658	$942,200	$224,060
2019	$2,010,230	$2,088,217	$728,557	$-77,987
2018	$1,474,230	$1,429,299	$669,995	$44,931
2018	$1,238,523	$1,265,330	$731,342	$-26,807