BUILDING BEATS INCORPORATED

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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.

Program Service Accomplishments

Program 1

Expenses: $399,132 Revenue: $489,608

BBWORKSHOPS:IN-SCHOOL AND AFTER-SCHOOL DJ, MUSIC PRODUCTION AND PODCASTING WORKSHOPS FOR K-12 THAT INTEGRATE LIFE, LEADERSHIP AND ENTREPRENEURIAL SKILLS.

Program 2

Expenses: $152,558 Revenue: $20,620

BBLEADERS: A FREE PROGRAM FOR YOUTH AGES 16-24, COMPRISED OF BBWORKSHOPS ALUMNI AND EMERGING LEADERS IN THE YOUTH MUSIC COMMUNITY. THROUGH MENTORSHIP, WORKSHOPS, GIGS AND EMPLOYMENT OPPORTUNITIES...

BBLEADERS: A FREE PROGRAM FOR YOUTH AGES 16-24, COMPRISED OF BBWORKSHOPS ALUMNI AND EMERGING LEADERS IN THE YOUTH MUSIC COMMUNITY. THROUGH MENTORSHIP, WORKSHOPS, GIGS AND EMPLOYMENT OPPORTUNITIES, BBLEADERS HELPS YOUNG ARTISTS GROW AND DEVELOP TO THE NEXT LEVEL BY PROVIDING HANDS ON EXPERIENCE IN THE CREATIVE INDUSTRY.

Program 3

Expenses: $76,628 Revenue: $8,891

BBFORTEACHERS: PROVIDES TRAINING AND RESOURCES FOR K-12 TEACHERS, FOCUSED ON UTILIZING DIGITAL TECHNOLOGY TO TEACH MUSIC PRODUCTION, PODCASTING, DJ'ING AND MUSIC CODING.

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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