LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MUSIC MENDS MINDS INC, founded in 2014, is a small nonprofit in the Unknown sector that reported $956K in total revenue in fiscal year 2024. Revenue surged 244% from the prior year, signaling strong growth momentum. The organization ran a surplus of $627K, a strong 66% operating margin.
MENDS MINDS, INC. (MMM) IS A 501(C)(3) ORGANIZATION, FOUNDED IN 2014, THAT ESTABLISHES AND RUNS FREE MUSICAL SUPPORT GROUPS (DRUM CIRCLES, SING-ALONGS, AND BANDS) FOR SENIORS, MANY OF WHOM HAVE ALZHEIMER'S, DEMENTIA, PARKINSON'S, TRAUMATIC BRAIN INJURY, STROKE, PTSD AND OTHER NEURODEGENERATIVE CHALLENGES. MMM PROVIDES THIS COST-EFFECTIVE STRATEGY TO INCREASE MENTAL/EMOTIONAL STIMULATION, PROMOTE EMPOWERMENT, REDUCE STRESS AND ISOLATION, AND IMPROVE OVERALL QUALITY OF LIFE THROUGH THE POWER OF MUSIC FOR SENIORS, CAREGIVERS AND FAMILIES ALIKE. MMM ALSO STRIVES TO EDUCATE OUR COMMUNITY AND PUBLIC ABOUT THE LATEST SCIENTIFIC FINDINGS REGARDING THE BENEFITS OF MUSIC AND BRAIN THROUGH SEVERAL PLATFORMS INCLUDING OUR WEBSITE, A PODCAST SERIES, AND AN EDUCATIONAL FORUM, AND IN PRINT RESOURCES AND PERSONAL APPEARANCES AND PERFORMANCES. IN 2020, WHEN THE COVID PANDEMIC FORCED CLOSURE OF OUR IN-PERSON GROUPS, IT ALSO INSPIRED US TO ADD A VIRTUAL MUSICAL THERAPY AND ENGAGEMENT PLATFORM, ENABLING OUR PARTICIPANTS TO CONTINUE TO MAKE MUSIC TOGETHER ON A ZOOM PLATFORM 3 TIMES PER WEEK. THIS ZOOM PLATFORM CONTINUES TO THIS DAY ENGAGING SENIORS AND CAREGIVERS WHO CAN'T LEAVE HOME, LED BY A BOARD-CERTIFIED MUSIC THERAPIST. MMM IS NOW EXPANDING OUR COLLABORATION WITH THE NEUROSCIENCE RESEARCH COMMUNITY TO CONTINUE BUILDING AND ANNOTATING EVIDENCE THAT MUSICAL PROGRAMS CAN IMPROVE OUTCOMES OF TRADITIONAL TREATMENT REGIMENS, FORESTALL SENIORS FROM ENTERING ISOLATED NURSING HOMES, CUT POSSIBLE HEALTHCARE COSTS FOR EXPENSIVE TREATMENT AND BRING JOY BACK INTO THE LIVES OF OUR COMMUNITY OF STRUGGLING PATIENTS. MOREOVER, WE ARE EXTENDING OUR OUTREACH TO INCLUDE COLLABORATIONS WITH PUBLIC SECTOR AGENCIES AND CIVIC LEADERS TO ''DEMOCRATIZE'' OUR MUSIC GROUPS, BUILDING NEW FREE GROUPS IN THOSE DIVERSE AND UNDERSERVED COMMUNITIES THAT HAVE HISTORICALLY BEEN THE LAST TO EXPERIENCE ADVANCES IN MEDICINE, SOCIAL WELFARE, AND OPPORTUNITY. THIS WILL PROVIDE GREAT FISCAL IMPACT TO THE PUBLIC HEALTH OF THESE COMMUNITIES, AS THE REDUCTION IN STRESS, DEPRESSION AND GENERAL CHAOS AT HOME WILL MEAN FEWER ACCIDENTS AND ISSUES TO TAX THE EMERGENCY SYSTEMS, THUS SAVING FAMILIES - AND COMMUNITIES - SIGNIFICANT MONEY. MMM HAS PARTNERED WITH TWO GLOBAL ARMS OF THE INTERNATIONAL ROTARY ORGANIZATION: 1) THE ALZHEIMER'S DEMENTIA ROTARY ACTION GROUP (ADRAG) AND 2) THE INTERNATIONAL FELLOWSHIP OF ROTARIAN MUSICIANS (IFRM) TO BRING ATTENTION TO THE GROWING EPIDEMIC OF NEUROCOGNITIVE DISEASES, SPECIFICALLY ALZHEIMER'S AND DEMENTIA. MMM IS A RESOURCE PARTNER AND WE SHARE A MISSION TO SPREAD AWARENESS AND EDUCATE ABOUT RESEARCH REGARDING ALZHEIMER'S AND DEMENTIA. AND THROUGH ITS MISSION TO ''PROMOTE AND ENCOURAGE THE USE AND APPRECIATION OF MUSIC AND, THEREBY, TO ENCOURAGE WORLD UNDERSTANDING'' IFRM PLANS TO BE A VITAL PARTNER IN STARTING NEW MMM BANDS ACROSS THE WORLD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $956,323 | $278,012 | +2.4% |
| Expenses | $328,836 | $293,587 | +0.1% |
| Net Income | $627,487 | $-15,575 | -41.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DONALD GETTINGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR ROSS GOLDBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANE GOOD | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SURKHAB NIAZI | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARILYN E WEINSTEIN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ROBERT RYANS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NANDANI SINDHA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHILPA WALI MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DR SUSAN DUPREE FROM 072024 | DIRECTOR | 20.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER NEVIN FROM 072024 | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL RUDOLPH FROM 072024 | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN KANDER II | EXECUTIVE DIRECTOR | 50.00 |
Officer
|
$106,500 | $0 | $106,500 |
| CAROL ROSENSTEIN | PRESIDENT | 50.00 |
Officer
|
$55,075 | $0 | $55,075 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $956,323 | $328,836 | $855,437 | $627,487 |
| 2024 | $278,012 | $293,587 | $225,438 | $-15,575 |
| 2023 | $264,124 | $307,540 | $242,339 | $-43,416 |
| 2022 | $171,868 | $206,534 | $287,924 | $-34,666 |
| 2021 | $274,654 | $177,204 | $335,459 | $97,450 |
| 2020 | $264,600 | $153,262 | $237,992 | $111,338 |
Compare MUSIC MENDS MINDS INC with other nonprofits in California and across the country.