Healing Music Incorporated (EIN 461570106) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Phone

7049061716

Tax Period

2024-12-01 to 2025-11-30

Healing Music Incorporated, founded in 2012, is a small nonprofit in the Religion sector that reported $814K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $383K, a strong 47% operating margin.

Mission

To provide Music Ministry, promoting the Gospel through community works in performance that enhance various events. Provided service through music visitations to the eldery, hospitals, shut ins, youth programs, and various charitable events.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $786,477

Program Service Revenue $0

Investment Income $0

Other Revenue $27,676

TOTAL REVENUE $814,153

Expense Breakdown

Grants Paid $257,568

Salaries & Benefits $121,583

Fundraising Expenses $0

Program Expenses $257,568

Other Expenses $52,417

TOTAL EXPENSES $431,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$814,153	$750,422	+0.1%
Expenses	$431,568	$680,909	-0.4%
Net Income	$382,585	$69,513	+4.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jaime Jorge	President & CEO	40.00	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
2025	$814,153	$431,568	$958,977	$382,585
2024	$750,422	$680,909	$576,392	$69,513
2023	$803,125	$756,827	$506,879	$46,298
2022	$618,086	$442,055	$460,581	$176,031
2021	$356,513	$271,824	$284,550	$84,689
2020	$298,491	$246,451	$108,771	$52,040
2019	$347,722	$326,825	$56,731	$20,897
2018	$316,257	$319,209	$35,834	$-2,952

Healing Music Incorporated