GILBERT, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSPIRE MUSIC SERVICE HOPE INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $288K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $467K exceeded revenue, resulting in a 62% operating deficit.
The mission of Inspire Music Service Hope is to lift hearts inspire action and empower people of all ages through music service and hope
Theatre performances Team-building and self-esteem activities. We perform productions of shows like Secret Garden Into the Woods Newsies etc to families who enjoy the performing arts. Families and...
Theatre performances Team-building and self-esteem activities. We perform productions of shows like Secret Garden Into the Woods Newsies etc to families who enjoy the performing arts. Families and individuals of all ages are welcome to attend. People who benefit from this are the actors who participate in the performances the staff who get to set everything up and mostly the audience who get to watch uplifting high quality theatre.
Dominican Republic Tour: Performing teaching uplifting local communities and team-building. We take students and families on our tours and provide service projects in local villages and communities...
Dominican Republic Tour: Performing teaching uplifting local communities and team-building. We take students and families on our tours and provide service projects in local villages and communities we visit in Dominican Republic. We build playgrounds paint houses and schools and drop off needed supplies to the schools and orphanages we help. The communities and students benefit greatly from this service plus the participants get a sense of accomplishment for helping others.
Gala Expense. Each year we put on a gala fundraiser to raise money for our programs. We had a dinner performers both professional and amateur and a live auction.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $288,484 | $331,745 | -0.1% |
| Expenses | $467,103 | $505,069 | -0.1% |
| Net Income | $-178,619 | $-173,324 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Julie Plotz | Tour Director | 40.00 |
Key Emp
Highest
|
$40,000 | $0 | $40,000 |
| Heather Woodman | Theatre Director | 40.00 |
Key Emp
Highest
|
$40,000 | $0 | $40,000 |
| Michael Sackett | Executive Director | 20.00 |
Officer
Director
Key Emp
|
$24,000 | $0 | $24,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $288,484 | $467,103 | $83,580 | $-178,619 |
| 2022 | $331,745 | $505,069 | $252,055 | $-173,324 |
| 2021 | $215,899 | $236,719 | $116,020 | $-20,820 |
Compare INSPIRE MUSIC SERVICE HOPE INC with other nonprofits in Arizona and across the country.