MUSICONNECTS INC

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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

KALYA HAMLETT MURRAY

Phone

6179902983

Tax Period

2023-07-01 to 2024-06-30

MUSICONNECTS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $438K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 45% operating margin.

Mission

TO MODEL AND TEACH SELF-EXPRESSION, PEER LEADERSHIP AND COMMUNITY DEVELOPMENT THROUGH THE TRANSFORMATIVE POWER OF CHAMBER MUSIC.

Program Service Accomplishments

Program 1

Expenses: $172,957 Revenue: $41,900

RESIDENCY PROGRAM PROVIDES INDIVIDUAL STRING INSTRUMENT LESSONS, CHAMBER MUSIC, AND GROUP INSTRUCTION, AS WELL AS MENTORING TO APPROX. 60 UNDERSERVED YOUTH AT LOW TO NO COST TO FAMILIES. LESSONS...

RESIDENCY PROGRAM PROVIDES INDIVIDUAL STRING INSTRUMENT LESSONS, CHAMBER MUSIC, AND GROUP INSTRUCTION, AS WELL AS MENTORING TO APPROX. 60 UNDERSERVED YOUTH AT LOW TO NO COST TO FAMILIES. LESSONS TAUGHT BY MEMBERS OF THE ORGANIZATION'S SEVEN PROFESSIONAL STRING MUSICIANS.

Program 2

Expenses: $1,389

THE ROSLINDALE COMMUNITY PROGRAM PROVIDES INDIVIDUAL STRING INSTRUMENT LESSONS AND CHAMBER MUSIC CLASSES TO STUDENTS FROM ACROSS BOSTON NEIGHBORHOODS, WITH TUITION PAID ON A SLIDING SCALE, MAKING IT ACCESSIBLE TO ALL. LESSONS TAUGHT BY MEMBERS OF THE ORGANIZATION'S SEVEN PROFESSIONAL STRING MUSICIANS.

Program 3

Expenses: $1,000

THE ORGANIZATION'S RESIDENT STRING MUSICIANS GIVE PUBLIC PERFORMANCES IN DIVERSE BOSTON-AREA NEIGHBORHOODS, INCLUDING THOSE THAT HAVE LITTLE ACCESS TO LIVE CLASSICAL MUSIC. THE ORGANIZATION SERVES...

THE ORGANIZATION'S RESIDENT STRING MUSICIANS GIVE PUBLIC PERFORMANCES IN DIVERSE BOSTON-AREA NEIGHBORHOODS, INCLUDING THOSE THAT HAVE LITTLE ACCESS TO LIVE CLASSICAL MUSIC. THE ORGANIZATION SERVES APPROXIMATELY 1,000 AUDIENCE MEMBERS PER YEAR.

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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 $396,544

Program Service Revenue $41,900

Investment Income $0

Other Revenue $0

TOTAL REVENUE $438,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,594

Fundraising Expenses $9,455

Program Expenses $175,346

Other Expenses $37,427

TOTAL EXPENSES $241,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$438,444	$308,216	+0.4%
Expenses	$241,021	$288,320	-0.2%
Net Income	$197,423	$19,896	+8.9%

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

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
MORGAN BECKFORD	DIRECTOR	N/A	Director	$0	$0	$0
COLLEEN BRANNEN	DIRECTOR	N/A	Director	$0	$0	$0
DAVID CUCCHIARA	DIRECTOR	N/A	Director	$0	$0	$0
ALICE GOMES	DIRECTOR	N/A	Director	$0	$0	$0
RENEE HOLLINS	DIRECTOR	N/A	Director	$0	$0	$0
AMY LUCID INEZIAN	CLERK	N/A	Officer Director	$0	$0	$0
KALYA HAMLETT MURRAY	PRESIDENT	N/A	Officer Director	$0	$0	$0
MAUREEN QUIGLEY	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN BEBO SHIU	DIRECTOR	N/A	Director	$0	$0	$0
NANCY GALLUZZO	EXECUTIVE DI	N/A	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	No data	No data	No data	No data
2024	$438,444	$241,021	$418,668	$197,423
2024	$434,044	$243,813	$440,990	$190,231
2023	$308,216	$288,320	$239,558	$19,896
2023	$312,616	$288,320	$282,438	$24,296
2022	$311,279	$255,316	$207,720	$55,963
2021	$296,475	$253,836	$195,047	$42,639
2020	$249,836	$242,084	$147,610	$7,752
2019	$278,398	$237,034	$98,669	$41,364
2018	$243,956	$244,113	$56,611	$-157