MUSIC PARTNERS IN HEALTHCARE INC (EIN 800179973) - 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

2008

Legal Domicile

Phone

9169650874

Tax Period

2023-01-01 to 2023-12-31

MUSIC PARTNERS IN HEALTHCARE INC, founded in 2008, is a small nonprofit in the Health Care sector that reported $225K in total revenue in fiscal year 2023.

Mission

Partner with healthcare facilities to provide live therapeutic music at the bedside of patients.

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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 $6,785

Program Service Revenue $216,675

Investment Income $1,965

Other Revenue $0

TOTAL REVENUE $225,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,144

Program Expenses $209,991

Other Expenses $223,932

TOTAL EXPENSES $224,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,425	$223,785	+0.0%
Expenses	$224,092	$216,667	+0.0%
Net Income	$1,333	$7,118	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Bogdanovich	President	5.00	Officer	$0	$0	$0
Mark Tulga	Vice President Treasurer	1.00	Officer	$0	$0	$0
Laura Caravello	Vice President	1.00	Officer Director	$0	$0	$0
Linda Maples	Secretary member of Board of Directors	1.00	Officer Director	$0	$0	$0
Jean Ann Walth	Officer	1.00	Officer	$0	$0	$0
Elizabeth Proett	Chair Board of Directors	0.00	Director	$0	$0	$0
Karen Perez	Board of Directors	0.00	Director	$0	$0	$0
Paul Proett	Board of Directors	0.00	Director	$0	$0	$0
Karen Dax	Board of Directors	0.00	Director	$0	$0	$0
Laurie Hartmann	Board of Directors	0.00	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
2024	No data	No data	No data	No data
2023	$225,425	$224,092	$143,371	$1,333
2022	$223,785	$216,667	$131,650	$7,118

MUSIC PARTNERS IN HEALTHCARE INC