Rockit Live Foundation Inc (EIN 473710988) - 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

2015

Legal Domicile

Principal Officer

Bruce Gallipani

Phone

7326732589

Tax Period

2024-01-01 to 2024-12-31

Rockit Live Foundation Inc, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $296K in total revenue in fiscal year 2024. Expenses of $285K left a modest 4% surplus.

Mission

Music Instruction/Performance Individual and Group Lessons for Children

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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 $75,309

Program Service Revenue $220,701

Investment Income $0

Other Revenue $56

TOTAL REVENUE $296,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,402

Fundraising Expenses $16,654

Program Expenses $232,534

Other Expenses $114,196

TOTAL EXPENSES $284,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,066	$299,127	0.0%
Expenses	$284,598	$258,151	+0.1%
Net Income	$11,468	$40,976	-0.7%

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

N/A

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
Bruce Gallipani	Executive Director	040.00	Officer Director Highest	$0	$0	$0
Fred Ferrara	Chairperson	010.00	Officer Director	$0	$0	$0
Barbara Ferrara	Board Member	002.00	Director	$0	$0	$0
Alyssa Ford	President/Secretary	002.00	Officer Director	$0	$0	$0
Frank Pestore	Board Member	002.00	Director	$0	$0	$0
Samantha Grande	Treasurer	010.00	Officer Director	$0	$0	$0
Mark Viani	Board Member	005.00	Director	$0	$0	$0
Meghan Ricard	Board Member	015.00	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	$296,066	$284,598	$51,999	$11,468
2023	$299,127	$258,151	$43,081	$40,976
2022	$260,136	$271,566	$2,086	$-11,430
2021	$234,078	$249,935	$11,574	$-15,857
2020	$221,293	$223,059	$26,524	$-1,766
2019	$258,577	$274,394	$36,374	$-15,817
2018	$309,209	$286,860	$45,434	$22,349

Rockit Live Foundation Inc