B Sharp Youth Music Program

EIN: 813023136 501(c)(3)

Fort Worth, TX

Total Revenue
$114,094
Total Expenses
$124,079
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
TX
Principal Officer
Jennifer Terrell
Phone
8175093958
Tax Period
2021-07-01 to 2022-06-30

B Sharp Youth Music Program, founded in 2016, is a small nonprofit that reported $114K in total revenue in fiscal year 2021. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

Harmonizing communities through music.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $113,793
Program Service Revenue $0
Investment Income $301
Other Revenue $0
TOTAL REVENUE $114,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,778
Fundraising Expenses $0
Program Expenses $122,220
Other Expenses $29,301
TOTAL EXPENSES $124,079

Year-over-Year Comparison

2021 2020 Change
Revenue $114,094 $269,571 -0.6%
Expenses $124,079 $209,983 -0.4%
Net Income $-9,985 $59,588 -1.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
1
$0
Total Directors
4
$88,417
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Hay Officer 60.0
Director
$88,417 $0 $88,417
John C Goff Chairman/Director 2.0
Director
$0 $0 $0
Marvin E Blum Secretary/Director 0.5
Director
$0 $0 $0
Melody A Johnson Director 0.5
Director
$0 $0 $0
Jennifer L Terrell Chief Accounting Officer 6.0
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
2022 $114,094 $124,079 No data $-9,985
2021 $269,571 $209,983 $9,985 $59,588
2020 $387,851 $465,267 $20,196 $-77,416
2019 $471,495 $438,491 $30,379 $33,004
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