MUSICAMBIA 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

NATHAN SCHRAM

Phone

8179807463

Tax Period

2024-07-01 to 2025-06-30

MUSICAMBIA INC, founded in 2014, is a small nonprofit that reported $502K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 33% operating margin.

Mission

MUSICAMBIA DEVELOPS MUSIC EDUCATION PROGRAMS AND PERFORMANCES INSIDE PRISONS AND JAILS THROUGHOUT THE UNITED STATES. THROUGH WORKING CLOSELY WITH INCARCERATED PEOPLE ON SONGWRITING, PERFORMING, INSTRUMENT LESSONS, AND MUSIC THEORY, OUR MUSICIANS CULTIVATE ARTISTIC COMMUNITIES THAT NURTURE THE HUMANITY OF ALL INVOLVED.

Program Service Accomplishments

Program 1

Expenses: $264,662 Revenue: $18,513

MUSICAMBIA IS AN EDUCATIONAL PROGRAM WHICH BRINGS PROFESSIONAL MUSICIANS INSIDE PRISONS TO HELP INCARCERATED INDIVIDUALS WRITE, PLAY, AND PERFORM MUSIC. OUR FLAGSHIP PROGRAM, WHICH BEGAN AT SING SING CORRECTIONAL FACILITY IN 2014, MEETS EVERY OTHER SATURDAY FROM SEPTEMBER TO JUNE. 30 INCARCERATED MUSICIANS ATTEND MORNING AND AFTERNOON CLASSES FOR OVER 4 HOURS, AND IN DOING SO, FOSTER TEAMWORK, EMPATHY, AND A SENSE OF RESPONSIBILITY TO THEMSELVES AS WELL AS TO THEIR FELLOW STUDENTS.TODAY, WE ALSO OPERATE THE JEPTHA PROGRAM (MENTAL HEALTH UNIT) AND SUMMER SONGWRITING WORKSHOP AT SING SING. IN ADDITION, WE NOW HAVE PROGRAMS AT BEDFORD HILLS CORRECTIONAL FACILITY, AND IN KANSAS AND CALIFORNIA. WE ANNUALLY REACH 125 INCARCERATED PARTICIPANTS, AS WELL AS AUDIENCES OF SOME 220 INCARCERATED PEOPLE ATTENDING OUR CONCERTS. SINCE 2014, MUSICAMBIA HAS CREATED PROGRAMS IN 10 DIFFERENT FACILITIES.MUSICAMBIA'S TEACHING ARTISTS ARE AMONG THE FINEST MUSICIANS AND TEACHERS IN THE NATION. THEY HOLD POSITIONS IN THE GRAMMY-WINNING ATTACCA QUARTET AND IMANI WINDS. THEY TEACH AT JUILLIARD, CURTIS, PRINCETON, AND PEABODY. THEY HAVE COLLABORATED WITH PULITZER-PRIZE WINNERS AND POP STARS LIKE PRINCE, AND PERFORMED AT CARNEGIE HALL. THEIR MUSICAL BACKGROUNDS SPAN WESTERN CLASSICAL, JAZZ, MUSICAL THEATER, HIP-HOP, AND POP, AS WELL AS INDIAN CLASSICAL MUSIC. ONE TEACHING ARTIST, KENYATTA EMMANUEL, IS ALSO AN ALUMNUS. HE PERFORMED A FULL CONCERT AT CARNEGIE HALL THE DAY HE WAS RELEASED.

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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 $482,762

Program Service Revenue $18,513

Investment Income $636

Other Revenue $250

TOTAL REVENUE $502,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,868

Fundraising Expenses $30,186

Program Expenses $264,662

Other Expenses $201,660

TOTAL EXPENSES $334,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$502,161	$276,953	+0.8%
Expenses	$334,528	$229,876	+0.5%
Net Income	$167,633	$47,077	+2.6%

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

$87,824

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN SCHRAM	PRESIDENT/ARTISTIC DIRECTOR	10.00	Officer Director	$0	$0	$0
CARLOS IVAN CALAFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL HAUSER	TREASURER	1.00	Officer Director	$0	$0	$0
ALEXANDER HOROWITZ	SECRETARY	1.00	Officer Director	$0	$0	$0
CAITLIN BORGMANN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HARDIN	DIRECTOR	1.00	Director	$0	$0	$0
LUKE SCHRAM	DIRECTOR	1.00	Director	$0	$0	$0
JON-ADRIAN VELAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WEINER	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN JAEGER	EXECUTIVE DIRECTOR	40.00	Officer	$85,125	$2,699	$87,824

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	$502,161	$334,528	$299,116	$167,633
2024	No data	No data	No data	No data
2023	$206,412	$207,248	$84,406	$-836