NAD MUSIC INSTITUTE

EIN: 824106491 501(c)(3) Arts, Culture & Humanities

Renton, WA

Total Revenue
$63,504
Total Expenses
$25,963
Total Assets
$162,703
Net Assets
$161,992
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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

Legal Domicile
WA
Tax Period
2023-01-01 to 2023-12-31

NAD MUSIC INSTITUTE is a micro nonprofit in the Arts, Culture & Humanities sector that reported $64K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $38K, a strong 59% operating margin.

Mission

NAD Music Institute is engaged in research, preservation, and education of music through research and collaboration with expert individuals and organizations across the world.

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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 $49,831
Program Service Revenue $13,673
Investment Income $0
Other Revenue $0
TOTAL REVENUE $63,504

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $25,963
TOTAL EXPENSES $25,963

Year-over-Year Comparison

2023 2022 Change
Revenue $63,504 $79,247 -0.2%
Expenses $25,963 $47,363 -0.5%
Net Income $37,541 $31,884 +0.2%
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
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANJIT BAJWA PRESIDENT 12
Officer
$0 $0 $0
PRABHMEET SINGH DILBAR TREASURER 6
Officer
$0 $0 $0
AMANINDER SINGH SECRETARY 6
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
2023 $63,504 $25,963 $162,703 $37,541
2022 $79,247 $47,363 $129,770 $31,884
2021 $77,149 $34,694 $98,094 $42,455
2020 $59,222 $37,928 $55,705 $21,294
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