NOTE-ABLE MUSIC THERAPY SERVICES (EIN 861067227) - 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

2003

Legal Domicile

Principal Officer

Manal Toppozada

Phone

7753138340

Tax Period

2024-07-01 to 2025-06-30

NOTE-ABLE MUSIC THERAPY SERVICES, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 4% surplus.

Mission

The mission of Note-Able Music Therapy Services is to create lasting change in the lives of people of all abilities through music. Our vision is to create a community where every person can access experience and connect through music.

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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 (2024)

Revenue Breakdown

Contributions & Grants $841,331

Program Service Revenue $360,113

Investment Income $11,437

Other Revenue $35,305

TOTAL REVENUE $1,248,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $644,356

Fundraising Expenses $162,477

Program Expenses $761,058

Other Expenses $548,727

TOTAL EXPENSES $1,193,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,248,186	$3,201,132	-0.6%
Expenses	$1,193,083	$1,146,661	+0.0%
Net Income	$55,103	$2,054,471	-1.0%

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

100

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	Role	Reportable Comp	Other Comp	Total
Kenrdra Bertschy	Chair	Director	$0	$0	$0
Dave Stockman	Treasurer	Director	$0	$0	$0
Michael Lahnala	Secretary	Director	$0	$0	$0
Jake Steinman	Past Chair Director	Director	$0	$0	$0
Lindsey Tromerhauser	Director	Director	$0	$0	$0
Whitney Pomi	Director	Director	$0	$0	$0
Mary Ann McCauley	Director	Director	$0	$0	$0
Olga Mesina	Director	Director	$0	$0	$0
Mike Hix	Director	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
2025	$1,248,186	$1,193,083	$6,194,527	$55,103
2024	$3,201,132	$1,146,661	$6,167,432	$2,054,471
2023	$2,358,611	$883,076	$4,387,077	$1,475,535
2022	$2,107,777	$624,768	$3,012,731	$1,483,009
2021	$726,039	$507,737	$540,745	$218,302

NOTE-ABLE MUSIC THERAPY SERVICES