THE RHYTHM FOUNDATION INC (EIN 650102768) - 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

1988

Legal Domicile

Principal Officer

ADAM GANUZA

Phone

3056725202

Tax Period

2023-10-01 to 2024-09-30

THE RHYTHM FOUNDATION INC, founded in 1988, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Expenses of $2.9M left a modest 8% surplus.

Mission

CULTURAL MUSIC PRESENTATION

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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 $1,017,236

Program Service Revenue $2,117,863

Investment Income $16,700

Other Revenue $0

TOTAL REVENUE $3,151,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933,985

Fundraising Expenses $53,554

Program Expenses $1,676,199

Other Expenses $1,954,060

TOTAL EXPENSES $2,888,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,151,799	$3,095,137	+0.0%
Expenses	$2,888,045	$2,866,065	+0.0%
Net Income	$263,754	$229,072	+0.2%

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

$90,255

Total Directors

$38,705

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES QUINLAN	EXECUTIVE DIRECTOR, CEO	40.00	Officer Director	$38,705	$0	$38,705
DARA SCHOENWALD	BOARD PRESIDENT	1.00	Director	$0	$0	$0
MARSHALL PASTERNACK	BOARD VICE PRESIDENT	1.00	Director	$0	$0	$0
ROBERT GLICK	BOARD TREASURER	1.00	Director	$0	$0	$0
DONALD WORTH	BOARD SECRETARY	1.00	Director	$0	$0	$0
KARLA ARGUELLO	DIRECTOR	1.00	Director	$0	$0	$0
ALEX BLAVATNIK	DIRECTOR	1.00	Director	$0	$0	$0
DANA KULVIN	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO MENOCAL	DIRECTOR	1.00	Director	$0	$0	$0
RIGOBERTO RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON WIESENFELD	DIRECTOR	1.00	Director	$0	$0	$0
KATYA BRAVO	DIRECTOR AS OF 01/24	1.00	Director	$0	$0	$0
NIESEN KASDIN	DIRECTOR AS OF 01/24	1.00	Director	$0	$0	$0
ARAMIS LORIE	DIRECTOR	1.00	Director	$0	$0	$0
SHILPA SANGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ELIZABETH ALEMAN	DIRECTOR UNTIL 06/24	1.00	Director	$0	$0	$0
MATT BECK	DIRECTOR UNTIL 04/24	1.00	Director	$0	$0	$0
ROBERT PLESSETT	DIRECTOR UNTIL 04/24	1.00	Director	$0	$0	$0
TRACY COLDEN	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA STEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
LAURA QUINLAN	PROGRAM DIRECTOR, CFO	40.00	Officer	$45,727	$5,823	$51,550

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	$3,151,799	$2,888,045	$1,963,972	$263,754
2023	$3,095,137	$2,866,065	$1,674,572	$229,072
2022	$2,865,693	$2,245,298	$1,314,664	$620,395
2021	$1,364,749	$1,303,444	$884,665	$61,305
2020	$857,602	$825,313	$373,598	$32,289
2020	$871,800	$839,511	$373,598	$32,289
2019	$1,351,714	$1,282,353	$256,188	$69,361
2018	$1,223,908	$1,230,786	$117,866	$-6,878

THE RHYTHM FOUNDATION INC