Music for Wellness Inc

EIN: 832148830 501(c)(3) Arts, Culture & Humanities

Flushing, NY

Total Revenue
$230,360
Total Expenses
$39,433
Total Assets
$233,248
Net Assets
$233,248
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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
2018
Legal Domicile
NY
Phone
5164138808
Tax Period
2022-01-01 to 2022-12-31

Music for Wellness Inc, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $230K in total revenue in fiscal year 2022. Revenue surged 803% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 83% operating margin.

Mission

To spread the joy we experience through music and also raise awareness of Music Therapy

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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 (2022)

Revenue Breakdown

Contributions & Grants $52,000
Program Service Revenue $178,360
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,633
Other Expenses $39,433
TOTAL EXPENSES $39,433

Year-over-Year Comparison

2022 2021 Change
Revenue $230,360 $25,500 +8.0%
Expenses $39,433 N/A N/A
Net Income $190,927 $25,500 +6.5%
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
4
Independent Members
4
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Bao Officer 30.00
Officer
$0 $0 $0
Jia Hao Shen Director 25.00
Director
$0 $0 $0
Jianping Yao Director 15.00
Director
$0 $0 $0
Dula Man Director 15.00
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
2022 $230,360 $39,433 $233,248 $190,927
2022 $230,360 $22,800 $233,248 $207,560
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