BELIEVE IN MUSIC INC (EIN 475384551) - 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

BENJAMIN K GREENWALD

Phone

4107276660

Tax Period

2020-01-01 to 2020-12-31

BELIEVE IN MUSIC INC, founded in 2015, is a micro nonprofit that reported $97K in total revenue in fiscal year 2020. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $291K exceeded revenue, resulting in a 200% operating deficit.

Mission

EMPOWER YOUTH WITH SELF EXPRESSION AND COMMUNITY ENGAGEMENT THROUGH MUSIC AND TECHNOLOGY EDUCATION. THROUGH THE ARTISTIC EXPRESSION OF THEIR CULTURE, STRUGGLES, AND TRIUMPHS, STUDENTS WILL DEVELOP THE TOOLS CRUCIAL TO ACADEMIC ACHIEVEMENT AND CAREER ADVANCEMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $96,742

Program Service Revenue $300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $97,042

Expense Breakdown

Grants Paid $31,212

Salaries & Benefits $174,829

Fundraising Expenses $6,391

Program Expenses $251,646

Other Expenses $84,738

TOTAL EXPENSES $290,779

Year-over-Year Comparison

	2020	2019	Change
Revenue	$97,042	$257,255	-0.6%
Expenses	$290,779	$276,897	+0.1%
Net Income	$-193,737	$-19,642	+8.9%

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

$77,788

Total Directors

$77,788

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNY LINER	PRESIDENT/EXECUTIVE DIRECT	40.00	Officer Director	$34,615	$0	$34,615
SARAH GIBBONS	VP/EXEC DIR	40.00	Officer Director	$43,173	$0	$43,173
BENJAMIN GREENWALD	DIRECTOR	1.00	Director	$0	$0	$0
GREG CANGIALOSI	DIRECTOR	1.00	Director	$0	$0	$0
PHIL CHORNEY	DIRECTOR	1.00	Director	$0	$0	$0
JANE COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
JASON FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN TUCKER FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CAROL GALLANT	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GROSS	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
LISA HODDGES	DIRECTOR	1.00	Director	$0	$0	$0
RON HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER JANIAN	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE PLANT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE RATHER	DIRECTOR	1.00	Director	$0	$0	$0
DANA ROSENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG SCHULMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHIP WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
EVAN WEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JON ZERIVITZ	DIRECTOR	1.00	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
2020	$97,042	$290,779	No data	$-193,737
2019	$257,255	$276,897	$151,887	$-19,642
2018	$286,028	$237,750	$171,038	$48,278

BELIEVE IN MUSIC INC