NEIGHBORHOOD MUSIC & ARTS CORP

EIN: 510594612 501(c)(3)

BROOKLYN, NY

Total Revenue
$4,800
Total Expenses
$5,346
Total Assets
N/A
Net Assets
N/A
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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
2006
Legal Domicile
NY
Principal Officer
TOBY KASAVAN
Phone
7185201986
Tax Period
2020-06-01 to 2021-05-31

NEIGHBORHOOD MUSIC & ARTS CORP, founded in 2006, is a micro nonprofit that reported $5K in total revenue in fiscal year 2020. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE CLASSES AND PERFORMANCE TRAINING IN MUSIC AND THE ARTS TO K-8 SCHOOL CHILDREN OF THE NYC DEPARTMENT OF EDUCATION

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,800
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,346
Other Expenses $5,346
TOTAL EXPENSES $5,346

Year-over-Year Comparison

2020 2019 Change
Revenue $4,800 $43,020 -0.9%
Expenses $5,346 $54,270 -0.9%
Net Income $-546 $-11,250 -1.0%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOBY KASAVAN PRESIDENT & N/A
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
2021 $4,800 $5,346 No data $-546
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