PRO ARTE MUSICAL 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

1976

Legal Domicile

Principal Officer

MYRNA M RIVERA CARDONA

Phone

7877250498

Tax Period

2024-07-01 to 2025-06-30

PRO ARTE MUSICAL INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $336K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $308K left a modest 9% surplus.

Mission

PRESENT VARIOUS PROGRAMS OF CLASSICAL MUSIC TO ENCOURAGE PUBLIC INTEREST.

Program Service Accomplishments

Program 1

Expenses: $42,457

THE EXPENSES ARE RELATED TO THE PURPOSE OF THE ENTITY. THE ORGANIZATION PRESENTS VARIOUS PROGRAMS OF CLASSICAL MUSIC TO ENCOURAGE PUBLIC INTEREST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $194,699

Program Service Revenue $130,562

Investment Income $11,100

Other Revenue $1

TOTAL REVENUE $336,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,148

Fundraising Expenses $0

Program Expenses $200,827

Other Expenses $220,502

TOTAL EXPENSES $307,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,362	$693,509	-0.5%
Expenses	$307,650	$562,546	-0.5%
Net Income	$28,712	$130,963	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYRNA M RIVERA CARDONA	PRESIDENT	N/A	Officer	$0	$0	$0
INGRID RIVERA ROCAFORT	VICE- PRESID	N/A	Officer	$0	$0	$0
JESUS DANIEL MATTEI	SUB-TREASURE	N/A	Officer	$0	$0	$0
JOSE ROBERTO MARTINEZ	TREASURER	N/A	Officer	$0	$0	$0
JULIE RODAS DE GARCIA	SECRETARY	N/A	Officer	$0	$0	$0
LUIS O GARCIA MORALES	DIRECTOR	N/A	Director	$0	$0	$0
FRANCISCO G BRUNO	DIRECTOR	N/A	Director	$0	$0	$0
FREYA BARASORDA DE BATILLE	SUB-SECRETAR	N/A	Officer	$0	$0	$0
JOHN THOMAS ENGFER	DIRECTOR	N/A	Director	$0	$0	$0
JAVIER J HERNANDEZ ACOSTA	ARTISTIC DIR	N/A	Director	$0	$0	$0
DIDI GONZALEZ DE IGLESIAS	DIRECTOR	N/A	Officer	$0	$0	$0
MARICARMEN TORO HERNANDEZ	DIRECTOR	N/A	Director	$0	$0	$0
GERARDO CUMPIANO	DIRECTOR	N/A	Director	$0	$0	$0
HECTOR J JIRAU COLON	DIRECTOR	N/A	Director	$0	$0	$0
XAVIER AGUAYO	DIRECTOR	N/A	Director	$0	$0	$0
YALITZA CASTRO	DIRECTOR	N/A	Director	$0	$0	$0
JOHN THOMAS ENGFER	DIRECTOR	N/A	Director	$0	$0	$0
ALFONSO MARTINEZ PIOVANETTI	DIRECTOR	N/A	Director	$0	$0	$0
RAFAEL J SANZ	DIRECTOR	N/A	Director	$0	$0	$0
KAREN SCHNECK-MALARET	EXECUTIVE DI	N/A	Director	$0	$0	$0
ARIVEL FIGUEROA ACEVEDO	INTITUTIONAL	N/A	Director	$0	$0	$0
ZULMA SALVA-ASENCIO	ADMINISTRATI	N/A	Director	$0	$0	$0
TITO IVAN SOTO	PRODUCTION A	N/A	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	$336,362	$307,650	$369,752	$28,712
2024	No data	No data	No data	No data
2023	$365,380	$305,315	$187,320	$60,065
2022	$303,257	$319,607	$153,406	$-16,350
2021	$258,158	$227,524	$146,376	$30,634
2020	$347,134	$346,227	$119,040	$907