Opportunity Music Project

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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

Jessica Garand

Phone

9177413190

Tax Period

2023-01-01 to 2023-12-31

Opportunity Music Project, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $444K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $412K left a modest 7% surplus.

Mission

We promote diversity in the arts, and expand access for young artists historically underrepresented in classical music. The mission of Opportunity Music Project is to create a community where all children, regardless of economic background, can pursue their passion for music and gain the valuable personal and collaborative skills associated with the rigors of learning an instrument. Opportunity Music Project began in April 2011 with seven students. The program now serves a community of 125 students ages 4 years old to 18 years old from all boroughs of New York City.

Program Service Accomplishments

Program 1

Expenses: $314,200 Revenue: $35,286

This project locates dedicated families with a child interested in music and offers them the opportunity to take private music lessons. A pilar of the project is the element of service that students in turn provide to their community by giving back in the form of recitals to social groups such as the elderly and homeless. Students and their families become active owners of their project.

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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 (2023)

Revenue Breakdown

Contributions & Grants $408,612

Program Service Revenue $35,286

Investment Income $0

Other Revenue $0

TOTAL REVENUE $443,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,737

Fundraising Expenses $31,117

Program Expenses $314,200

Other Expenses $339,838

TOTAL EXPENSES $411,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$443,898	$352,692	+0.3%
Expenses	$411,575	$385,547	+0.1%
Net Income	$32,323	$-32,855	-2.0%

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

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

Total Directors

$66,146

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Garand	Executive Dir.	40.00	Director	$66,146	$0	$66,146
Selaelo Ramokgopa	Secretary	2.00	Officer Director	$0	$0	$0
Sumeet Shah	Director	2.00	Director	$0	$0	$0
Jean Ricot Saint Fleury	Director	2.00	Director	$0	$0	$0
Louis Maldonado	Director	2.00	Director	$0	$0	$0
Husani Oakley	Director	2.00	Director	$0	$0	$0
Ross Clark	Director	2.00	Director	$0	$0	$0
Murat Beyazit	Director	2.00	Director	$0	$0	$0
Lindsay Starr	Treasurer	2.00	Officer Director	$0	$0	$0
Matthew Kaplan	President	2.00	Officer Director	$0	$0	$0
Lisa Siegel	Director	2.00	Director	$0	$0	$0
Lindsey Dia	Director	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
2023	$443,898	$411,575	$152,189	$32,323
2022	$352,692	$385,547	$127,402	$-32,855
2021	$285,846	$270,865	$145,225	$14,981
2020	$229,553	$250,650	$130,244	$-21,097
2019	$341,948	$342,906	$146,826	$-958
2019	$244,048	$245,006	$146,826	$-958
2018	$254,471	$165,705	$173,788	$88,766