MODE MUSIC AND PERFORMING ARTS

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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

2020

Legal Domicile

Principal Officer

ERIN RUBIN

Phone

2066590463

Tax Period

2023-01-01 to 2023-12-31

MODE MUSIC AND PERFORMING ARTS, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $255K exceeded revenue, resulting in a 17% operating deficit.

Mission

MODE MUSIC AND PERFORMING ARTS IS A NONPROFIT ARTS ORGANIZATION OFFERING INNOVATIVE ARTS EDUCATION PROGRAMS PROMOTING CONFIDENCE, SOCIAL AWARENESS, EQUITY AND EMPATHY IN OUR STUDENTS AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $212,470

MODE MUSIC AND PERFORMING ARTS BRINGS ARTS EDUCATION TO KIDS THROUGH IN-SCHOOL AND AFTER-SCHOOL ENRICHMENT PROGRAMS, GROUP CLASSES, AND PRIVATE LESSON SCHOLARSHIPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $108,118

Program Service Revenue $132,416

Investment Income $5

Other Revenue $-22,237

TOTAL REVENUE $218,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,268

Fundraising Expenses $0

Program Expenses $212,470

Other Expenses $80,887

TOTAL EXPENSES $255,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,302	$174,409	+0.3%
Expenses	$255,155	$130,268	+1.0%
Net Income	$-36,853	$44,141	-1.8%

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

N/A

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

$25,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRICK OLSON	PRESIDENT	0.500	Officer	$0	$0	$0
NAOMI LEWIS	VICE PRESIDENT	0.500	Officer	$0	$0	$0
LESLIE MARTINKA	SECRETARY	0.500	Officer	$0	$0	$0
ASIA ARBOLANTE	TREASURER	0.500	Officer	$0	$0	$0
TARA SHARP	BOARD MEMBER	0.500	Director	$0	$0	$0
BO GILLILAND	BOARD MEMBER	0.500	Director	$0	$0	$0
ERIN RUBIN	FOUNDER	10.00	Key Emp	$25,000	$0	$25,000

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
2024	No data	No data	No data	No data
2023	$218,302	$255,155	$23,257	$-36,853