LEICESTER, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
MUSICWORKS' MISSION IS TO TEACH LIFE SKILLS TO UNDERSERVED ELEMENTARY STUDENTS THROUGH MUSIC INSTRUCTION. DURING THE 2024-2025 SCHOOL YEAR, MUSICWORKS HELD PROGRAMMING AT LEICESTER ELEMENTARY SCHOOL...
MUSICWORKS' MISSION IS TO TEACH LIFE SKILLS TO UNDERSERVED ELEMENTARY STUDENTS THROUGH MUSIC INSTRUCTION. DURING THE 2024-2025 SCHOOL YEAR, MUSICWORKS HELD PROGRAMMING AT LEICESTER ELEMENTARY SCHOOL. MUSICWORKS SERVED OVER 60 STUDENTS THROUGHOUT THE SCHOOL YEAR, PROVIDING DAILY MUSIC LESSONS, ACADEMIC ENRICHMENT, RECESS, AND SNACKS, TO EACH STUDENT. STUDENTS HAD MUSICAL INSTRUMENTS PROVIDED FOR THEM. IN ORDER TO MAKE MUSICWORKS ACCESSIBLE TO ALL STUDENTS, REGARDELESS OF FINANCES, MUSICWORKS SUBSIDIZED TUITION FOR STUDENTS WHO ARE ON FREE OR REDUCED LUNCH. MONTHLY TUITION CAN BE AS LOW AS 20 PER MONTH FOR QUALIFYING STUDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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