BEATS 4 HOPE INC

EIN: 815361261 501(c)(3) Arts, Culture & Humanities

FREMONT, CA

Total Revenue
$36,292
Total Expenses
$38,360
Total Assets
$4,396
Net Assets
$-1,795
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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
CA
Principal Officer
ALEXANDER MEJIA
Phone
3109271454
Tax Period
2020-01-01 to 2020-12-31

BEATS 4 HOPE INC, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $36K in total revenue in fiscal year 2020. Revenue surged 612% from the prior year, signaling strong growth momentum.

Mission

THIS CHARITY BRINGS THE MUSIC COMMUNITY TOGETHER TO RAISE FUNDS AND/OR AWARENESS TO A COMMUNITY IN NEED IN THE AREAS OF ARTS AND HUMANITIES.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $39,914
Program Service Revenue $0
Investment Income $0
Other Revenue $-3,622
TOTAL REVENUE $36,292

Expense Breakdown

Grants Paid $15,574
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,030
Other Expenses $22,786
TOTAL EXPENSES $38,360

Year-over-Year Comparison

2020 2019 Change
Revenue $36,292 $5,100 +6.1%
Expenses $38,360 $3,762 +9.2%
Net Income $-2,068 $1,338 -2.5%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONICA J MARTINES PRESIDENT & CEO 28.00
Officer
$0 $0 $0
ALEXANDER MEJIA BOARD MEMBER 21.00
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
2020 $36,292 $38,360 $4,396 $-2,068
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