THE MUSIC ACADEMY FOUNDATION INC (EIN 833200894) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THE MUSIC ACADEMY FOUNDATION INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $599K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $560K left a modest 7% surplus.

Mission

To promote the musical arts through financial assistance for high-quality music programs in and out of public and private schools, by providing instruments to local school music programs and scholarships to talented music students.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,640

Program Service Revenue $565,272

Investment Income $17

Other Revenue $19,942

TOTAL REVENUE $598,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,950

Fundraising Expenses $6,272

Program Expenses $517,405

Other Expenses $367,683

TOTAL EXPENSES $559,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$598,871	$478,286	+0.3%
Expenses	$559,633	$483,458	+0.2%
Net Income	$39,238	$-5,172	-8.6%

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

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

$125,203

Total Directors

$125,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER COCO	PRESIDENTEXECUTIVE DIRECTOR	40.00	Officer Director	$104,000	$0	$104,000
DEBORAH COCO	TREASURERDIRECTOR	20.00	Officer Director	$21,203	$0	$21,203
MATT WILSON	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER KIGHTLINGER	DIRECTOR	5.00	Director	$0	$0	$0
DANIELLE GENOVA	DIRECTOR	5.00	Director	$0	$0	$0
GINA DADDARIO	DIRECTOR	5.00	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	$598,871	$559,633	$602,552	$39,238
2022	$478,286	$483,458	$630,843	$-5,172
2021	$382,199	$411,874	$17,738	$-29,675

THE MUSIC ACADEMY FOUNDATION INC