PROJECT MUSIC HEALS US 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

2016

Legal Domicile

Principal Officer

MARC WONG

Phone

9173367513

Tax Period

2024-07-01 to 2025-06-30

PROJECT MUSIC HEALS US INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2024. Expenses of $724K exceeded revenue, resulting in a 51% operating deficit.

Mission

PROJECT: MUSIC HEALS US PROVIDES ENCOURAGEMENT, EDUCATION AND HEALING BY OFFERING HIGH-QUALITY LIVE MUSIC PERFORMANCES AND INTERACTIVE, EDUCATIONAL PROGRAMMING TO MARGINALIZED COMMUNITIES WITH LIMITED ABILITY TO ACCESS THE ARTS

Program Service Accomplishments

Program 1

Expenses: $74,046

OUR VITAL SOUNDS INITIATIVE (VSI) PROGRAM OFFERS LIVE, VIRTUAL BEDSIDE CONCERTS TO ISOLATED PATIENTS IN HEALTHCARE FACILITIES, PROVIDING ENCOURAGEMENT AND COMPASSION TO PATIENTS WITH MINIMAL STRAIN ON CAREGIVERS. OUR VSI GRANT PROGRAM FACILITATED ADDITIONAL CONCERT SESSIONS THROUGH PARTNERSHIPS WITH 3 DIFFERENT 501(C)3 ORGANIZATIONS.

Program 2

Expenses: $395,844

PMHU'S MUSIC FOR THE FUTURE (MFTF) PROGRAM BRINGS COMPOSITION AND SONG-WRITING WORKSHOPS TO INCARCERATED STUDENTS, AND ALSO OFFERS IN-PERSON, INTERACTIVE CONCERTS AT FACILITIES ACROSS THE COUNTRY...

PMHU'S MUSIC FOR THE FUTURE (MFTF) PROGRAM BRINGS COMPOSITION AND SONG-WRITING WORKSHOPS TO INCARCERATED STUDENTS, AND ALSO OFFERS IN-PERSON, INTERACTIVE CONCERTS AT FACILITIES ACROSS THE COUNTRY. PARTNERS INCLUDE THE JUILLIARD SCHOOL EXTENSION DIVISION AND FIVE KEYS SCHOOLS & PROGRAMS.

Program 3

Expenses: $84,763

THE NOVEL VOICES (NV) DISTANCE LEARNING PROGRAM PROVIDES INTERNATIONAL COMMUNITY MUSIC ORGANIZATIONS WITH FREE ACCESS TO LIVE, VIRTUAL MUSIC LESSONS, MASTER CLASSES AND TEACHER-TRAINING WORKSHOPS...

THE NOVEL VOICES (NV) DISTANCE LEARNING PROGRAM PROVIDES INTERNATIONAL COMMUNITY MUSIC ORGANIZATIONS WITH FREE ACCESS TO LIVE, VIRTUAL MUSIC LESSONS, MASTER CLASSES AND TEACHER-TRAINING WORKSHOPS, TAUGHT BY FACULTY MEMBERS OF LEADING U.S. CONSERVATORIES. PARTNERS INCLUDE THE EDWARD SAID NATIONAL CONSERVATORY OF MUSIC AND THE GHETTO CLASSICS COMMUNITY MUSIC SCHOOL.

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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 $253,648

Program Service Revenue $205,100

Investment Income $17,307

Other Revenue $1,911

TOTAL REVENUE $477,966

Expense Breakdown

Grants Paid $20,200

Salaries & Benefits $539,045

Fundraising Expenses $63,605

Program Expenses $554,653

Other Expenses $164,595

TOTAL EXPENSES $723,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,966	$483,164	0.0%
Expenses	$723,840	$541,048	+0.3%
Net Income	$-245,874	$-57,884	+3.2%

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

Governance

Voting Members

Independent Members

Employees

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

$100,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC WONG	PRESIDENT	0.50	Officer Director	$0	$0	$0
SCOTT FAULKNER	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN AHERN	TREASURER (THRU 10/2024)	0.50	Officer Director	$0	$0	$0
NICHOLAS KING	TREASURER AS OF 10/2024	0.50	Officer	$0	$0	$0
CLAIRE DIALLO	DIRECTOR	0.50	Director	$0	$0	$0
MARLA ESAN	DIRECTOR	0.50	Director	$0	$0	$0
DIANE JOHNSTON	DIRECTOR	0.50	Director	$0	$0	$0
THERESA KIM	DIRECTOR	0.50	Director	$0	$0	$0
BRAD RODNEY	DIRECTOR	0.50	Director	$0	$0	$0
ASTRID SCHWEEN	DIRECTOR	0.50	Director	$0	$0	$0
INDRE VISKONTAS	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY CARR	FOUNDER AND ARTISTIC DIREC	8.00	Director	$0	$0	$0
BRIDGET BUDISH	EXECUTIVE DIRECTOR	40.00	Key Emp	$100,000	$0	$100,000

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	$477,966	$723,840	$718,689	$-245,874
2025	No data	No data	No data	No data
2024	$483,164	$541,048	$948,689	$-57,884
2023	$169,076	$243,229	$282,514	$-74,153
2022	$346,179	$290,410	$356,667	$55,769
2021	$311,072	$183,384	$300,898	$127,688