PROJECT MUSIC HEALS US INC (EIN 814264727) - 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

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 THROUGH MUSIC PROGRAMMING

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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
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

PROJECT MUSIC HEALS US INC