Opportunity Music Project (EIN 463720737) - 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

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

Opportunity Music Project provides unique and enriching musical experiences, opening doors for underserved students in the arts. Achievements include the Opportunity Music Project Honors Orchestra performances at Carnegie Halls Weill Institute, the Harvard Graduate School of Education, and Mount Sinai Hospital. OMP students have successfully auditioned for, and have been accepted in some of New York Citys top youth orchestras and training programs, including Juilliards Pre-College and Music Advancement Program, the New York Youth Symphony, the InterSchool Orchestra, Laguardia High School, and Special Music High School. Opportunity Music Project students have successfully leveraged their musical training to gain acceptance at prestigious institutions of higher learning including: Harvard, University of Chicago, Rice, Manhattan School of Music, Queens College, and others.

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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

Opportunity Music Project