Music for Wellness 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

2018

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $16,633 Revenue: $178,360

Hired by Happy Dragon of New York Inc to talk to providers about music therapy and support services.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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