MUSICWORKS INC (EIN 815308559) - 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

2017

Legal Domicile

Principal Officer

SANDRA TRAVIS

Phone

8282739800

Tax Period

2024-07-01 to 2025-06-30

MUSICWORKS INC, founded in 2017, is a small nonprofit in the Youth Development sector that reported $243K in total revenue in fiscal year 2024. The organization ran a surplus of $47K, a strong 19% operating margin.

Mission

MUSICWORKS IS AN INTENSIVE AFTER-SCHOOL PROGRAM, OFFERED IN BUNCOMBE COUNTY TO SCHOOL-AGED CHILDREN IN UNDER SERVED POPULATIONS THAT USES MUSIC EDUCATION AS A TOOL TO TEACH LIFE SKILLS.

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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 $225,857

Program Service Revenue $17,313

Investment Income $0

Other Revenue $10

TOTAL REVENUE $243,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,663

Fundraising Expenses $0

Program Expenses $185,365

Other Expenses $18,744

TOTAL EXPENSES $196,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$243,180	$251,076	0.0%
Expenses	$196,407	$193,519	+0.0%
Net Income	$46,773	$57,557	-0.2%

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

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
DANIEL CRUPI	BOARD MEMBER	0.25	Director	$0	$0	$0
JULIE LEEVER	SECRETARY	1.00	Officer Director	$0	$0	$0
BARBRA LOVE	TREASURER	0.50	Director	$0	$0	$0
ERIC SHWEITZER	BOARD MEMBER	0.25	Director	$0	$0	$0
JAMIE SLAGLE	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNI SMITH	BOARD MEMBER	0.25	Director	$0	$0	$0
SANDRA TRAVIS	PRESIDENT	1.00	Officer 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
2025	$243,180	$196,407	$140,899	$46,773
2024	$251,076	$193,519	$97,441	$57,557
2020	$212,205	$258,708	$46,285	$-46,503
2019	$330,081	$286,560	$90,553	$43,521
2018	$246,737	$202,517	$46,293	$44,220

MUSICWORKS INC