Neal Casal Music Foundation Inc

EIN: 844531209 501(c)(3)

Woodstock, NY

Total Revenue
$473,611
Total Expenses
$494,667
Total Assets
$14,382
Net Assets
$10,228
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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
2020
Legal Domicile
NY
Tax Period
2021-01-01 to 2021-12-31

Neal Casal Music Foundation Inc, founded in 2020, is a small nonprofit that reported $474K in total revenue in fiscal year 2021. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

The Neal Casal Music Foundation was created in honor of the late musician Neal Casal to honor his legacy thru charitable endeavors. Our mission is toprovide help and financial assistance to other professional musicians in need of mental health and physical health care and to also provide musicalinstruments and lessons to aspiring student musicians.

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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 (2021)

Revenue Breakdown

Contributions & Grants $321,092
Program Service Revenue $152,519
Investment Income $0
Other Revenue $0
TOTAL REVENUE $473,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,754
Fundraising Expenses $0
Program Expenses $456,913
Other Expenses $455,913
TOTAL EXPENSES $494,667

Year-over-Year Comparison

2021 2020 Change
Revenue $473,611 $346,531 +0.4%
Expenses $494,667 $315,247 +0.6%
Net Income $-21,056 $31,284 -1.7%
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
N/A
Employees
1
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
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christy Coleman Board Member 0.00
Director
$0 $0 $0
Willa Scantlebury Board Member 0.00
Director
$0 $0 $0
Matt Sandoski Board Member 0.00
Director
$0 $0 $0
Dr Lyn Rowbotham Board Member 0.00
Director
$0 $0 $0
Dave Schools Board Member 0.00
Director
$0 $0 $0
Michele Augis Director 0.00
Director
$0 $0 $0
Claudio Miranda Board Member 0.00
Director
$0 $0 $0
Nicole Poulos Board Member 0.00
Director
$0 $0 $0
Gary Waldman President 0.00
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
2021 $473,611 $494,667 $14,382 $-21,056
2020 $346,531 $315,247 $35,438 $31,284
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