Texas Music Project Inc

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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

2003

Legal Domicile

Phone

8176778678

Tax Period

2025-01-01 to 2025-12-31

Texas Music Project Inc, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $241K in total revenue in fiscal year 2025. Expenses of $219K left a modest 9% surplus.

Mission

Texas Music Project develops and produces life changing music education programs and experiences for disadvantaged and at risk youth, schools and the community in general.

Program Service Accomplishments

Program 1

Expenses: $216,066

We supported music education and "Music Heals" programs to create healing through music in 6 major children's hospitals in Texas, offering instruments, lessons, and live/ recorded performances...

We supported music education and "Music Heals" programs to create healing through music in 6 major children's hospitals in Texas, offering instruments, lessons, and live/ recorded performances. Benefits of music therapy can include alleviating pain and discomfort, connecting with the care team, helping children express their emotions, promoting positive moods and relaxation for the entire family, reducing stress and anxiety before medical procedures and assisting in decreased length of stay at the hospital.

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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 (2025)

Revenue Breakdown

Contributions & Grants $164,255

Program Service Revenue $76,650

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,066

Other Expenses $219,015

TOTAL EXPENSES $219,015

Year-over-Year Comparison

	2025	2024	Change
Revenue	$240,905	N/A	N/A
Expenses	$219,015	N/A	N/A
Net Income	$21,890	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Clay	Executive Dir.	30.00	Officer Director	$0	$0	$0
Billy Hale	Director	5.00	Director	$0	$0	$0
Blair Robinson	Director	5.00	Director	$0	$0	$0
John Paul Batiste	Director	5.00	Director	$0	$0	$0
John Douglas	Director	5.00	Director	$0	$0	$0
Theis Rice	President	5.00	Officer	$0	$0	$0
Peyton Prince	Treas/Sec	5.00	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
2025	$240,905	$219,015	$101,738	$21,890
2020	$67,950	$92,882	$43,544	$-24,932
2019	$119,650	$103,241	$68,476	$16,409