Mid-City Community Music (EIN 465696964) - 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

Phone

6192007498

Tax Period

2023-01-01 to 2023-12-31

Mid-City Community Music, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $981K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $169K, a strong 17% operating margin.

Mission

Since 1974 Mid-City Community Music (MCCM) has been a torchbearer of community music in San Diego. In 2014 MCCM incorporated as a 501(c)3 nonprofit dedicated to serving San Diego's most ethnically diverse and economically disadvantaged neighborhoods to community members who would not otherwise have the opportunity to learn to play an instrument, sing and play in a group, or perform on stage. MCCM offers performance workshops, group and private lessons, weekly jam sessions, quarterly community concerts, online instruction and a robust teen program serving urban teens at half a dozen sites

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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 $656,889

Program Service Revenue $307,835

Investment Income $16,096

Other Revenue $0

TOTAL REVENUE $980,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $626,304

Fundraising Expenses $825

Program Expenses $533,810

Other Expenses $185,373

TOTAL EXPENSES $811,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$980,820	$634,340	+0.5%
Expenses	$811,677	$507,403	+0.6%
Net Income	$169,143	$126,937	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Hill	President	0.00	Officer Director	$0	$0	$0
Catherine Clark	Secretary	0.00	Officer Director	$0	$0	$0
Bryan Willson	Treasurer	0.00	Officer Director	$0	$0	$0
Frank Nageotte	Director	0.00	Director	$0	$0	$0
Luke Henning	Executive Dir.	40.00	Officer	$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	No data	No data	No data	No data
2023	$980,820	$811,677	$363,339	$169,143
2022	$634,340	$507,403	$711,929	$126,937
2021	$236,384	$214,529	$420,239	$21,855
2020	$200,529	$195,789	$89,428	$4,740
2019	$186,115	$172,004	$79,738	$14,111

Mid-City Community Music