FRIDAY MORNING MUSIC CLUB FOUNDATION INC

EIN: 546060149 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$246,281
Total Expenses
$106,763
Total Assets
$857,829
Net Assets
$821,351
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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
1948
Legal Domicile
DC
Principal Officer
GRACE MCFARLANE
Phone
7033702167
Tax Period
2023-07-01 to 2024-06-30

FRIDAY MORNING MUSIC CLUB FOUNDATION INC, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $246K in total revenue in fiscal year 2023. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 57% operating margin.

Mission

PROMOTE MUSICAL CULTURE AMONG ITS MEMBERS AND THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $191,234
Program Service Revenue $16,875
Investment Income $35,792
Other Revenue $2,380
TOTAL REVENUE $246,281

Expense Breakdown

Grants Paid $23,000
Salaries & Benefits $2,827
Fundraising Expenses $0
Program Expenses $75,648
Other Expenses $80,936
TOTAL EXPENSES $106,763

Year-over-Year Comparison

2023 2022 Change
Revenue $246,281 $85,194 +1.9%
Expenses $106,763 $83,389 +0.3%
Net Income $139,518 $1,805 +76.3%
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
18
Independent Members
18
Employees
N/A
Volunteers
52

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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACE MCFARLANE DIRECTOR 20.00
Officer Director
$0 $0 $0
SIMON FINLOW WIC COMPETITION CHAIR 20.00
Director
$0 $0 $0
YURI CHAYAMA WIC ASSISTANT COMPETITION 15.00
Director
$0 $0 $0
CHARLOTTE SASLOWSKY TREASURER 6.00
Officer Director
$0 $0 $0
RUTH DOHERTY SECRETARY 4.00
Officer Director
$0 $0 $0
MICHAEL CASASSA CHAIR 2.00
Officer Director
$0 $0 $0
MARK SIMON WIC COMPOSITION CHAIR 2.00
Director
$0 $0 $0
FRANK CONLON MEMBER AT LARGE 2.00
Director
$0 $0 $0
LOIS SMITH JONES MEMBER AT LARGE 2.00
Director
$0 $0 $0
EUNJU KWAK MEMBER AT LARGE 2.00
Director
$0 $0 $0
VALERIE MATTHEWS MEMBER AT LARGE 2.00
Director
$0 $0 $0
JANICE ROSEN MEMBER AT LARGE 2.00
Director
$0 $0 $0
CAROL SIKKELEE MEMBER AT LARGE 2.00
Director
$0 $0 $0
JUNKO TAKAHASHI MEMBER AT LARGE 2.00
Director
$0 $0 $0
CHEN-LI TZENG MEMBER AT LARGE 2.00
Director
$0 $0 $0
BEN WALLIS MEMBER AT LARGE 2.00
Director
$0 $0 $0
KATIE KATINAS MEMBER AT LARGE 2.00
Director
$0 $0 $0
LESLIE LUXEMBURG EX-OFFICIO 2.00
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 $246,281 $106,763 $857,829 $139,518
2023 $85,194 $83,389 $657,579 $1,805
2022 $157,453 $321,005 $679,066 $-163,552
2021 $93,161 $68,737 $868,115 $24,424
2020 $100,050 $36,106 $776,829 $63,944
2019 $97,662 $90,126 $702,662 $7,536
2018 $171,569 $249,838 $697,747 $-78,269
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