HEAR NOW MUSIC FESTIVAL (EIN 471040885) - 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

Tax Period

2024-07-01 to 2025-06-30

HEAR NOW MUSIC FESTIVAL, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $190K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $230K exceeded revenue, resulting in a 21% operating deficit.

Mission

PRIMARY EXEMPT PURPOSE - TO EXPLORE AND BRING TO THE PUBLICS ATTENTION THE BREADTH, DIVERSITY AND ARTISTIC EXCELLENCE OF CONCERT MUSIC BEING WRITTEN BY COMPOSERS LIVING IN AND ASSOCIATED WITH THE LOS ANGELES AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $115,008

Program Service Revenue $5,059

Investment Income $0

Other Revenue $70,000

TOTAL REVENUE $190,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,550

Fundraising Expenses $22,051

Program Expenses $162,665

Other Expenses $114,515

TOTAL EXPENSES $230,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,067	$149,940	+0.3%
Expenses	$230,065	$345,492	-0.3%
Net Income	$-39,998	$-195,552	-0.8%

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

N/A

Employees

N/A

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

$102,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH LEVICK	PRESIDENT AND ARTISTIC DIRECTOR	30.00	Officer	$71,500	$0	$71,500
HEIDI LESEMANN	TREASURERCFO	30.00	Officer	$30,550	$0	$30,550
JONATHAN STEINBERG	BOARD MEMBER	0.00	Director	$0	$0	$0
JONATHAN FLINT	BOARD MEMBER	0.00	Director	$0	$0	$0
BIANCA ROBERTS	BOARD MEMBER	0.00	Director	$0	$0	$0
DENNIS DREITH	SECRETARY	0.00	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
2025	$190,067	$230,065	$13,133	$-39,998
2024	$149,940	$345,492	$53,131	$-195,552
2023	$280,055	$226,845	$248,683	$53,210
2022	$315,225	$158,212	$195,473	$157,013

HEAR NOW MUSIC FESTIVAL