Heartbeat Music Academy Inc (EIN 464945624) - 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

2014

Legal Domicile

Principal Officer

Tyra Hawthorne

Phone

6199420772

Tax Period

2025-01-01 to 2025-12-31

Heartbeat Music Academy Inc, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2025. Revenue surged 202% from the prior year, signaling strong growth momentum.

Mission

Heartbeat empowers children and youth through high-quality education music and the performing arts. We provide safe nurturing and culturally rich learning environments where students from all backgrounds can grow academically creatively and emotionally. Our mission is to expand access to early childhood education and arts programming close opportunity gaps and inspire every student to discover their voice confidence and potential.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,124,818

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,124,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,773,397

Fundraising Expenses $0

Program Expenses $3,124,818

Other Expenses $351,421

TOTAL EXPENSES $3,124,818

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,124,818	$1,034,023	+2.0%
Expenses	$3,124,818	$1,034,023	+2.0%
Net Income	$0	$0	N/A

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

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chaunteal Webb Candler	Board Director	1.00	Director	$0	$0	$0
Keith Cross	Board Director	1.00	Director	$0	$0	$0
Adriane Lowe	Board Director	1.00	Director	$0	$0	$0
Tyra Hawthorne	Chief Executive Officer	40.00	Officer	$100,000	$0	$100,000

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
2025	$3,124,818	$3,124,818	No data	No data

Heartbeat Music Academy Inc