Pump House Music Works (EIN 813975431) - 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

2016

Legal Domicile

Principal Officer

Daniel U Collins

Phone

4012589827

Tax Period

2024-01-01 to 2024-12-31

Pump House Music Works, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $486K exceeded revenue, resulting in a 68% operating deficit.

Mission

The purpose of Pump House Music Works is to provide an opportunity for the performance of musical works of all genres and a venue for related creative projects. Additionally, to organize and promote a network in the community of artists, musicians and creative programs in southern Rhode Island and beyond.

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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 $106,225

Program Service Revenue $176,700

Investment Income $0

Other Revenue $6,159

TOTAL REVENUE $289,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,444

Fundraising Expenses $0

Program Expenses $397,116

Other Expenses $344,986

TOTAL EXPENSES $486,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,084	$440,679	-0.3%
Expenses	$486,430	$491,051	0.0%
Net Income	$-197,346	$-50,372	+2.9%

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
Rafael Attias	Director	5.00	Director	$0	$0	$0
Cynthia Gifford	Director	5.00	Director	$0	$0	$0
Victor Main	Director	5.00	Director	$0	$0	$0
Daniel U Collins	President	20.00	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
2024	$289,084	$486,430	$27,432	$-197,346
2023	$440,679	$491,051	$80,653	$-50,372
2022	$427,672	$614,463	$70,226	$-186,791
2021	$401,639	$387,323	$37,455	$14,316

Pump House Music Works