CERTIFICATION BOARD FOR MUSIC THERAPISTS (EIN 521350826) - 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

1983

Legal Domicile

Principal Officer

JOY SCHNECK

Phone

8007652268

Tax Period

2023-01-01 to 2023-12-31

CERTIFICATION BOARD FOR MUSIC THERAPISTS, founded in 1983, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $202K, a strong 16% operating margin.

Mission

ESTABLISH CRITERIA AND STANDARDS FOR THE PROFESSION OF MUSIC THERAPY TO ASSURE COMPETENT HEALTH CARE IS RENDERED TO THE PUBLIC BY IMPLEMENTING AND PROMOTING AN ACCREDITED CERTIFICATION PROGRAM FOR SAFE AND COMPETENT MUSIC THERAPY PRACTICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,241,432

Investment Income $40,671

Other Revenue $0

TOTAL REVENUE $1,282,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,338

Fundraising Expenses $0

Other Expenses $576,298

TOTAL EXPENSES $1,080,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,282,103	$1,252,450	+0.0%
Expenses	$1,080,540	$928,387	+0.2%
Net Income	$201,563	$324,063	-0.4%

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

N/A

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

$153,278

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY SCHNECK	Executive Dir.	35.00	Director	$146,445	$6,833	$153,278
BRIJIN JOHNSON GARDNER	PUBLIC MEMBER	2.00	Director	$0	$0	$0
NOAH POTVIN PHD	PUB.INFO.OFF.	3.00	Director	$0	$0	$0
NIKKI LANZA	BOARD DIRECTOR	2.00	Director	$0	$0	$0
SARAH LAING	SECT. / TREAS.	3.00	Director	$0	$0	$0
ANDREA CRIMMINS	CEC LIASON	3.00	Director	$0	$0	$0
KRISTEN ZARYKY	EXAM COM.LIASON	3.00	Director	$0	$0	$0
ELLARY A DRAPER PHD	Chairman	8.00	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
2024	No data	No data	No data	No data
2023	$1,282,103	$1,080,540	$1,970,345	$201,563
2022	$1,252,450	$928,387	$1,773,077	$324,063
2021	$1,221,804	$933,171	$1,562,068	$288,633
2020	$1,002,550	$1,000,895	$1,294,889	$1,655
2019	$1,060,835	$1,260,306	$1,165,859	$-199,471
2018	$1,105,521	$1,062,767	$1,300,944	$42,754

CERTIFICATION BOARD FOR MUSIC THERAPISTS