MIAMI MUSIC FESTIVAL INC (EIN 471624928) - 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

2023-09-01 to 2024-08-31

MIAMI MUSIC FESTIVAL INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE MIAMI MUSIC FESTIVAL IS TO PROVIDE AFFORDABLE, WORLD CLASS MUSICAL INSTRUCTIONS.

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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 $407,691

Program Service Revenue $1,088,831

Investment Income $2,641

Other Revenue $0

TOTAL REVENUE $1,499,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,336

Fundraising Expenses $0

Program Expenses $1,261,806

Other Expenses $1,331,356

TOTAL EXPENSES $1,549,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,499,163	$1,090,795	+0.4%
Expenses	$1,549,692	$996,999	+0.6%
Net Income	$-50,529	$93,796	-1.5%

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

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

$112,641

Total Directors

$112,641

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A ROSSI	EXECUTIVE DIRECTOR	40.00	Officer Director	$102,641	$10,000	$112,641
MANNY PEREZ	TRUSTEE	0.00	Director	$0	$0	$0
LESLEY GOLDWASSER	TRUSTEE	0.00	Director	$0	$0	$0
OLGA MELIN	TRUSTEE	0.00	Director	$0	$0	$0
XIAODONG WU	TRUSTEE	0.00	Director	$0	$0	$0
NAIRI S CHECKOSKY	TRUSTEE	0.00	Director	$0	$0	$0
SEVAG BALIAN	BOARD CHAIR	0.00	Director	$0	$0	$0
OLGA FIGUERAS	TRUSTEE	0.00	Director	$0	$0	$0
LETICIA RIVERA	DIRECTOR VICE	0.00	Officer Director	$0	$0	$0
DR MARK HERNANDEZ	TREASURER	0.00	Officer Director	$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	$1,499,163	$1,549,692	$1,579,829	$-50,529
2023	$1,090,795	$996,999	$156,813	$93,796
2022	$1,039,213	$1,047,670	$42,784	$-8,457
2021	$478,160	$462,062	$42,145	$16,098
2020	$307,811	$429,484	$103,559	$-121,673
2019	$1,108,429	$978,123	$225,207	$130,306
2018	$968,141	$983,148	$121,710	$-15,007

MIAMI MUSIC FESTIVAL INC