Music Academy International Inc (EIN 464377985) - 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

Phone

2125311514

Tax Period

2023-01-01 to 2023-12-31

Music Academy International Inc, founded in 2013, is a small nonprofit that reported $387K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $674K exceeded revenue, resulting in a 74% operating deficit.

Mission

TO PROVIDE, CREATE, DEVELOP, SUPPORT AND COORDINATE EDUCATIONAL, RESEARCH, AND PERFORMANCE PROGRAMS, SERVICES, AND INITIATIVES ABOUT MUSIC WITH A SPECIFIC EMPHASIS ON THE ART AND BUSINESS OR OPERA, ORCHESTRAL, PIANO, AND BROADWAY AND THEIR RESPECTIVE TRADITIONS. TO SERVE AS A TEACHING AND LEARNING SITE FOR STUDENTS OF OPERA, ORCHESTRA, PIANO, AND BROADWAY MUSIC WITH A SPECIFIC EMPHASIS ON CAREER DEVELOPMENT AND PROFESSIONAL MANAGEMENT. TO ENGAGE IN EDUCATIONAL, RESEARCH AND PERFORMANCE ACTIVITIES AND EFFORTS DIRECTED TO IMPROVING THE KNOWLEDGE AND SKILLS OF STUDENTS OF OPERA, ORCHESTRAL, PIANO, AND BROADWAY MUSIC, AND ENHANCING THEIR OPPORTUNTIES FOR SUCCESS.

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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 $123,750

Program Service Revenue $256,976

Investment Income $6,141

Other Revenue $0

TOTAL REVENUE $386,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,585

Fundraising Expenses $0

Program Expenses $600,701

Other Expenses $610,119

TOTAL EXPENSES $673,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,867	$606,705	-0.4%
Expenses	$673,704	$727,771	-0.1%
Net Income	$-286,837	$-121,066	+1.4%

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

$22,000

Total Directors

$22,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHELL PIPER	EXECUTIVE DIRECTOR	15.00	Officer Director	$11,000	$0	$11,000
ROBIN PIPER	SECRETARY	10.00	Officer Director	$11,000	$0	$11,000

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	No data	No data	No data	No data
2023	$386,867	$673,704	$453,253	$-286,837
2022	$606,705	$727,771	$578,964	$-121,066
2021	$549,474	$360,894	$700,030	$188,580

Music Academy International Inc