BLACK VIOLIN FOUNDATION 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

CORRYN FREEMAN

Tax Period

2024-01-01 to 2024-12-31

BLACK VIOLIN FOUNDATION INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 25% operating margin.

Mission

EMPOWING YOUTH PROVIDING ACCESS TO MUSIC

Program Service Accomplishments

Program 1

Expenses: $77,662 Revenue: $103,252

ORGANIZATION DEDICATED TO EMPOWERING YOUTH BY WORKING WITH THEM IN THEIR COMMUNITIUES TO PROVIDE ACCESS TO QUALITY MUSIC PROGRAMS THAT ENCOURAGE CREATIVITY AND INNOVATION

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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 $103,252

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,252

Expense Breakdown

Grants Paid $800

Salaries & Benefits $47,679

Fundraising Expenses $0

Program Expenses $77,662

Other Expenses $11,465

TOTAL EXPENSES $77,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,252	$223,842	-0.5%
Expenses	$77,662	$177,319	-0.6%
Net Income	$25,590	$46,523	-0.4%

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

$44,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORRYN FREEMAN	VICE PRESIDENT	10.00	Officer	$22,100	$0	$22,100
ANNE SYLVESTER	PRESIDENT	10.00	Officer	$22,100	$0	$22,100
KEVIN SYLVESTER	DIRECTOR	1.00	Officer	$0	$0	$0
WILNER BAPTISTE	DIRECTOR	1.00	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
2024	$103,252	$77,662	$109,932	$25,590
2023	$223,842	$177,319	$84,342	$46,523