CORONA YOUTH MUSIC PROJECT INC (EIN 454330826) - 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

ALVARO F RODAS

Tax Period

2022-07-01 to 2023-06-30

CORONA YOUTH MUSIC PROJECT INC, founded in 2011, is a micro nonprofit in the Youth Development sector that reported $30K in total revenue in fiscal year 2022. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO PROVIDE TUITION-FREE MUSIC EDUCATION TO CHILDREN 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 (2022)

Revenue Breakdown

Contributions & Grants $29,546

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $29,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,403

Fundraising Expenses $0

Program Expenses $6,574

Other Expenses $19,226

TOTAL EXPENSES $51,629

Year-over-Year Comparison

	2022	2021	Change
Revenue	$29,546	$96,216	-0.7%
Expenses	$51,629	$77,550	-0.3%
Net Income	$-22,083	$18,666	-2.2%

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

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

$26,000

Total Directors

$26,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVARO F RODAS	SECRETARY AND ED	40.00	Officer Director	$26,000	$0	$26,000
JINSOO RO	BOARD MEMBER	12.00	Director	$0	$0	$0
LINDA GOLDING	PRESIDENT	12.00	Director	$0	$0	$0
DIANE WONDISFORD	TREASURER	12.00	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
2023	$29,546	$51,629	$12,080	$-22,083
2022	$96,216	$77,550	$34,094	$18,666
2021	$91,617	$107,173	$70,049	$-15,556
2020	$94,395	$90,776	$60,229	$3,619
2019	$83,612	$109,032	$27,365	$-25,420

CORONA YOUTH MUSIC PROJECT INC