BUILDING BEATS INCORPORATED (EIN 461233303) - 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

2013

Legal Domicile

Principal Officer

MALIKA HARRIS

Phone

7202804600

Tax Period

2024-07-01 to 2025-06-30

BUILDING BEATS INCORPORATED, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $785K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $941K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE DJ AND MUSIC PROGRAMS THAT TEACH ENTREPRENEURIAL, LEADERSHIP, AND LIFE SKILLS TO UNDERSERVED YOUTH.

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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 $247,876

Program Service Revenue $519,119

Investment Income $19,455

Other Revenue $-1,383

TOTAL REVENUE $785,067

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $790,729

Fundraising Expenses $135,752

Program Expenses $628,318

Other Expenses $149,113

TOTAL EXPENSES $940,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$785,067	$1,332,419	-0.4%
Expenses	$940,842	$1,072,420	-0.1%
Net Income	$-155,775	$259,999	-1.6%

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

$58,713

Total Directors

$58,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PUJA PATEL	MEMBER	2.00	Director	$0	$0	$0
YANIQUE REVERS	MEMBER	2.00	Director	$0	$0	$0
ZORAVAR DHALIWAL TERM 1224	MEMBER	2.00	Director	$0	$0	$0
EBENEZER BOND	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ANNE LEE	TREASURER	2.00	Officer Director	$0	$0	$0
GREG NAPOLITANO	SECRETARY	2.00	Officer Director	$0	$0	$0
PHI PHAM	MEMBER/EXECUTIVE DIRECTOR	40.00	Officer Director	$42,623	$16,090	$58,713

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	$785,067	$940,842	$692,365	$-155,775
2024	No data	No data	No data	No data
2023	$1,073,323	$1,109,496	$544,640	$-36,173
2022	$862,187	$769,149	$499,848	$93,038
2021	$723,684	$560,604	$398,421	$163,080
2020	$483,692	$415,253	$289,321	$68,439
2019	$374,345	$299,276	$165,342	$75,069

BUILDING BEATS INCORPORATED