Melodic Caring Project (EIN 453916610) - 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

2011

Legal Domicile

Principal Officer

Stephanie Ware

Phone

4258707713

Tax Period

2024-07-01 to 2025-06-30

Melodic Caring Project, founded in 2011, is a small nonprofit in the Health Care sector that reported $405K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 16% operating margin.

Mission

Melodic Caring Project (MCP) brings hope, connection and the power of music to people battling illness and isolation around the world.

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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 $428,000

Program Service Revenue $0

Investment Income $1

Other Revenue $-22,985

TOTAL REVENUE $405,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,131

Fundraising Expenses $59,670

Program Expenses $250,211

Other Expenses $131,808

TOTAL EXPENSES $341,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,016	$315,074	+0.3%
Expenses	$341,862	$393,441	-0.1%
Net Income	$63,154	$-78,367	-1.8%

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

$104,487

Total Directors

$38,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Levi Ware	President/CEO	40.00	Officer	$66,154	$0	$66,154
Stephanie Ware	Treasurer/CFO	40.00	Officer Director	$38,333	$0	$38,333
Amanda Chomyszak	Board Chair	1.00	Officer Director	$0	$0	$0
Christopher Bien	Board Member	1.00	Director	$0	$0	$0
Jody McKinley	Board Member	1.00	Director	$0	$0	$0
Jonah Essers	Board Member	1.00	Director	$0	$0	$0
Jay Martin Jr	Board Member	1.00	Director	$0	$0	$0
Daniel Reinharz	Board Member	1.00	Director	$0	$0	$0
Elise Brueske	Board Member	1.00	Director	$0	$0	$0
James Chapple	Board Member	1.00	Director	$0	$0	$0
Nick Scarcelli	Board Member	1.00	Director	$0	$0	$0
Abe Claiborne	Board Member	1.00	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	$405,016	$341,862	$145,833	$63,154
2024	$315,074	$393,441	$91,312	$-78,367
2023	$357,898	$397,874	$167,808	$-39,976
2022	$262,656	$435,895	$206,571	$-173,239
2021	$306,326	$339,748	$420,013	$-33,422
2020	$275,250	$298,760	$427,148	$-23,510
2019	$263,462	$304,568	$256,688	$-41,106
2018	$256,160	$171,345	$229,343	$84,815

Melodic Caring Project