HARMONIC MUSIC FOUNDATION (EIN 462481406) - 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

BRIGETTE WILLNER

Phone

2022488863

Tax Period

2024-01-01 to 2024-12-31

HARMONIC MUSIC FOUNDATION, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $939K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $280K, a strong 30% operating margin.

Mission

TO PROVIDE MUSIC LESSONS IN A FUN AND NURTURING ENVIRONMENT

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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 $166,350

Program Service Revenue $772,649

Investment Income $0

Other Revenue $0

TOTAL REVENUE $938,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,988

Fundraising Expenses $0

Program Expenses $629,273

Other Expenses $231,239

TOTAL EXPENSES $659,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$938,999	$670,692	+0.4%
Expenses	$659,227	$681,749	0.0%
Net Income	$279,772	$-11,057	-26.3%

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

N/A

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

Total Directors

$71,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHALL WILLNER	Executive Dir.	50.00	Director	$36,500	$0	$36,500
BRIGETTE WILLNER	COO	50.00	Director	$34,500	$0	$34,500
KRISTINE PARTIN	Trustee	2.00	Director	$0	$0	$0
CHRISTOPH GREEN	Trustee	2.00	Director	$0	$0	$0
STEVE KULBERG	Trustee	2.00	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
2024	$938,999	$659,227	$375,193	$279,772
2023	$670,692	$681,749	$135,260	$-11,057
2022	$653,259	$802,640	$212,164	$-149,381
2021	$1,142,947	$976,925	$375,471	$166,022
2020	$707,061	$1,127,386	$91,599	$-420,325
2019	$950,820	$960,009	$61,944	$-9,189
2018	$884,483	$748,693	$85,961	$135,790

HARMONIC MUSIC FOUNDATION