MUSACK INC

EIN: 461174360 501(c)(3) Arts, Culture & Humanities

NANTUCKET, MA

Total Revenue
$106,663
Total Expenses
$56,888
Total Assets
$108,256
Net Assets
$107,818
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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
2012
Legal Domicile
MA
Principal Officer
MEG RULEY
Phone
5082281398
Tax Period
2023-01-01 to 2023-12-31

MUSACK INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $107K in total revenue in fiscal year 2023. Revenue surged 206% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 47% operating margin.

Mission

TO PROVIDE MUSICAL INSTRUMENTS AND INSTRUCTION TO CHILDREN; SUPPORT AND SPONSOR MUSICAL EXCHANGES AND FIELD TRIPS; TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO WANT TO STUDY MUSIC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,709
Program Service Revenue $0
Investment Income $0
Other Revenue $88,954
TOTAL REVENUE $106,663

Expense Breakdown

Grants Paid $22,564
Salaries & Benefits $0
Fundraising Expenses $2,748
Program Expenses $37,488
Other Expenses $34,324
TOTAL EXPENSES $56,888

Year-over-Year Comparison

2023 2022 Change
Revenue $106,663 $34,848 +2.1%
Expenses $56,888 $59,614 0.0%
Net Income $49,775 $-24,766 -3.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
40

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE WONG DIRECTOR 5.00
Director
$0 $0 $0
DOUG GLADSTONE DIRECTOR 5.00
Director
$0 $0 $0
ALISON KING DIRECTOR 5.00
Director
$0 $0 $0
ROBERT SOLTYS DIRECTOR 5.00
Director
$0 $0 $0
JONATHAN HALPERIN DIRECTOR 5.00
Director
$0 $0 $0
MEG RULEY CLERK & DIRECTOR 5.00
Officer Director
$0 $0 $0
ALEX STANCIOFF TREASURER & DIRECTOR 5.00
Officer Director
$0 $0 $0
DONICK CARY PRESIDENT & DIRECTOR 5.00
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
2024 No data No data No data No data
2023 $106,663 $56,888 $108,256 $49,775
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