MUSICBREEDS 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

Will Robalino

Phone

9179217719

Tax Period

2024-01-01 to 2024-12-31

MUSICBREEDS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $405K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $378K left a modest 7% surplus.

Mission

MusicBreeds empowers young musicians, especially those from disadvantaged communities, by fostering their talent, providing entrepreneurial training, and offering mentorship for both professional and personal growth. Through our Rhythm Reach Initiative, we also offer sustainable, equitable, and diversified workforce development, equipping individuals with skills for success in today's job market. Our comprehensive curriculum, led by industry experts, includes training in Cyber Security, Electrical Engineering, Network Specialization, Project Management, and Sound Engineering. Our holistic approach nurtures confidence, resilience, and innovation, preparing individuals for success in music, life, and the workforce.

Program Service Accomplishments

Program 1

Expenses: $120,000 Revenue: $136,000

Added major anchor partnership for community learning center

Program 2

Expenses: $45,000 Revenue: $45,000

Closed on a 2nd Partnership

Program 3

Expenses: $95,823 Revenue: $95,823

Recurring Business

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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 $117,844

Program Service Revenue $287,344

Investment Income $0

Other Revenue $0

TOTAL REVENUE $405,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,576

Fundraising Expenses $24,494

Program Expenses $260,823

Other Expenses $134,042

TOTAL EXPENSES $377,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,188	$299,282	+0.4%
Expenses	$377,618	$324,730	+0.2%
Net Income	$27,570	$-25,448	-2.1%

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

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
Ian Rifkin	Board Secretary	1		$0	$0	$0
Deidra McBean	Board Treasurer	1		$0	$0	$0
Chris Reed	Interim Board Chair	1		$0	$0	$0
Herve Tessler	Board Member	1		$0	$0	$0
Isaiah Grigg	Executive Director & Founder	40	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	$405,188	$377,618	$179,947	$27,570
2023	$299,282	$324,730	$95,728	$-25,448
2023	$299,282	$324,730	$95,728	$-25,448