THE GIFT OF MUSIC FOUNDATION INC (EIN 473268303) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

CHRISTOPHER R MONROE

Phone

8885510077

Tax Period

2024-01-01 to 2024-12-31

THE GIFT OF MUSIC FOUNDATION INC, founded in 2015, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $329K, a strong 25% operating margin.

Mission

CREATE ACCESS TO MUSICAL INSTRUMENTS AND EDUCATION THROUGH INNOVATIVE, NEEDS-BASED PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $712,380

Program Service Revenue $462,838

Investment Income $93

Other Revenue $118,462

TOTAL REVENUE $1,293,773

Expense Breakdown

Grants Paid $10,160

Salaries & Benefits $460,062

Fundraising Expenses $19,403

Program Expenses $402,752

Other Expenses $494,585

TOTAL EXPENSES $964,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,293,773	$930,933	+0.4%
Expenses	$964,807	$986,545	0.0%
Net Income	$328,966	$-55,612	-6.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$75,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER R MONROE	CEO/EXEC DIR	30.00	Officer	$35,333	$0	$35,333
D SCOTT KEEFER	VICE PRES/CS	20.00	Officer	$40,000	$0	$40,000
A DIXON MARLOW	CFO	N/A	Officer	$0	$0	$0
MICHAEL ECKERT	SECRETARY	N/A	Officer	$0	$0	$0
PAM BREMS	BOARD CHAIR	N/A	Director	$0	$0	$0
CHARISSA GRANSDEN	DIRECTOR	N/A	Director	$0	$0	$0
JOURNELL HENRY	DIRECTOR	N/A	Director	$0	$0	$0
LOUIS LUGO	DIRECTOR	N/A	Director	$0	$0	$0
TRE HUTCHINS	DIRECTOR	N/A	Director	$0	$0	$0
BEV JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
JEROME STOCKWELL	DIRECTOR	N/A	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
2024	$1,293,773	$964,807	$813,458	$328,966
2023	$930,933	$986,545	$486,083	$-55,612
2022	$990,626	$907,462	$348,866	$83,164
2021	$488,887	$511,508	$290,836	$-22,621
2020	$250,664	$287,442	$107,919	$-36,778

THE GIFT OF MUSIC FOUNDATION INC