New Music Works (EIN 770450511) - 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

1997

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

New Music Works, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $70K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $67K left a modest 5% surplus.

Mission

Provides annual concert series of chamber music by living composers.

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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 $45,056

Program Service Revenue $24,823

Investment Income $33

Other Revenue $0

TOTAL REVENUE $69,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,707

Fundraising Expenses $2,907

Program Expenses $63,706

Other Expenses $18,906

TOTAL EXPENSES $66,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,912	$89,810	-0.2%
Expenses	$66,613	$69,260	0.0%
Net Income	$3,299	$20,550	-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

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

$15,600

Total Directors

$15,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phil Collins	Artistic Dir.	15.00	Officer Director	$15,600	$0	$15,600
Rico Saarni	President	2.00	Officer Director	$0	$0	$0
Arthur Cooley	Board Member	2.00	Director	$0	$0	$0
Jack Bowers	Secretary	2.00	Officer Director	$0	$0	$0
Cathy Pickerrell	Vice President	2.00	Officer Director	$0	$0	$0
Christine Reyes	Treasurer	2.00	Officer 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	$69,912	$66,613	$65,261	$3,299
2023	$89,810	$69,260	$61,962	$20,550
2022	$48,830	$53,881	$41,412	$-5,051
2021	$38,440	$25,570	$46,463	$12,870
2020	$38,671	$39,012	$33,593	$-341
2019	$78,803	$76,075	$33,934	$2,728
2018	$70,245	$63,701	$31,206	$6,544

New Music Works