Tkiya Music Inc

EIN: 823240823 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$488,414
Total Expenses
$560,889
Total Assets
$185,769
Net Assets
$-33,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
Carla Friend
Tax Period
2023-01-01 to 2023-12-31

Tkiya Music Inc, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $488K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $561K exceeded revenue, resulting in a 15% operating deficit.

Mission

Tkiya uses participatory music experiences to help people of all ages find their unique connection with Jewish culture and to reinvigorate diverse Jewish communities.

Program Service Accomplishments

Program 1
Expenses: $417,007

Provided participatory music experiences to reinvigorate diverse Jewish communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $107,191
Program Service Revenue $381,223
Investment Income $0
Other Revenue $0
TOTAL REVENUE $488,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $474,409
Fundraising Expenses $78,779
Program Expenses $417,007
Other Expenses $86,480
TOTAL EXPENSES $560,889

Year-over-Year Comparison

2023 2022 Change
Revenue $488,414 $337,575 +0.4%
Expenses $560,889 $367,079 +0.5%
Net Income $-72,475 $-29,504 +1.5%
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
10
Independent Members
10
Employees
23
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
3
$0
Total Directors
10
$110,967
Key Employees
1
$110,967
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carla Friend Executive Director 040.00
Director Key Emp Highest
$110,967 $0 $110,967
Kate Forester Board Chair 005.00
Officer Director
$0 $0 $0
Jay Herman Treasurer 001.00
Officer Director
$0 $0 $0
Jodi Sarowitz Secretary 001.00
Officer Director
$0 $0 $0
Seth Wolfson Board Member 001.00
Director
$0 $0 $0
Shariee Calderone Board Member 001.00
Director
$0 $0 $0
Danielle Segal Board Member 001.00
Director
$0 $0 $0
Rob France Board Member 001.00
Director
$0 $0 $0
Chelsea Hylton Board Member 001.00
Director
$0 $0 $0
Adam Socloff Board Member 001.00
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
2024 No data No data No data No data
2023 $488,414 $560,889 $185,769 $-72,475
2022 $337,575 $367,079 $245,514 $-29,504
2021 $341,927 $342,061 $78,606 $-134
2020 $342,979 $354,414 $74,498 $-11,435
2019 $413,915 $358,017 $93,024 $55,898
2018 $246,690 $233,367 $28,912 $13,323
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