WE ARE ALL MUSIC FOUNDATION INC

EIN: 832400488 501(c)(3) Arts, Culture & Humanities

MONTCLAIR, NJ

Total Revenue
$142,713
Total Expenses
$280,678
Total Assets
$86,244
Net Assets
$86,244
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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
NJ
Principal Officer
MARY CRAWFORD
Phone
2129671100
Tax Period
2022-01-01 to 2022-12-31

WE ARE ALL MUSIC FOUNDATION INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $143K in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $281K exceeded revenue, resulting in a 97% operating deficit.

Mission

TO PROVIDE MEANINGFUL SUPPORT TO THE MOST IMPACTFUL NONPROFIT ORGANIZATIONS THAT USE THE POWER OF MUSIC TO IMPROVE LIVES AND BENEFIT SOCIETY.

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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 $159,713
Program Service Revenue $0
Investment Income $-17,000
Other Revenue $0
TOTAL REVENUE $142,713

Expense Breakdown

Grants Paid $230,000
Salaries & Benefits $32,169
Fundraising Expenses $0
Program Expenses $272,053
Other Expenses $18,509
TOTAL EXPENSES $280,678

Year-over-Year Comparison

2022 2021 Change
Revenue $142,713 $213,088 -0.3%
Expenses $280,678 $64,111 +3.4%
Net Income $-137,965 $148,977 -1.9%
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
9
Independent Members
9
Employees
1
Volunteers
9

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
4
$28,801
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORA GOLDWATER PRESIDENT 2.00
Officer Director
$0 $0 $0
TONY DROOTIN SECRETARY 2.00
Officer Director
$0 $0 $0
MAX SCHOTZ TREASURER 2.00
Officer Director
$0 $0 $0
DAVID ZUSMAN BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
JAMES WILLIAMS III BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
LEVI MCCONNELL BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
MICHAEL SOLOMON BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
PETER GERLINGS BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
SAMANTHA AWAD BOARD OF TRUSTEES 1.00
Director
$0 $0 $0
MARY CRAWFORD MANAGING DIRECTOR 20.00
Officer
$28,801 $0 $28,801
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
2022 $142,713 $280,678 $86,244 $-137,965
2021 $213,088 $64,111 $224,209 $148,977
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