Now Initiative

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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

2021

Legal Domicile

Principal Officer

Dana Murray

Phone

4025986308

Tax Period

2024-01-01 to 2024-12-31

Now Initiative, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $491K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $473K left a modest 4% surplus.

Mission

Become a destination venue for master classes, music and art education that attracts world-renowned talent.

Program Service Accomplishments

Program 1

Expenses: $32,781

We teach group music lessons for all instruments, voice and music productions

Program 2

Expenses: $32,780

We offer creative writing classes for aspiring song writers and poets

Program 3

Expenses: $32,780

First grade through high school we offer music clubs

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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 $449,017

Program Service Revenue $48,379

Investment Income $0

Other Revenue $-6,446

TOTAL REVENUE $490,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,000

Program Expenses $98,341

Other Expenses $464,238

TOTAL EXPENSES $473,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,950	$542,815	-0.1%
Expenses	$473,238	$151,177	+2.1%
Net Income	$17,712	$391,638	-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

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
N/A	Executive Director	040.00	Officer Director Key Emp	$0	$0	$0
N/A	President	006.00	Officer Director	$0	$0	$0
N/A	Vice President	002.00	Officer Director	$0	$0	$0
N/A	Treasurer	006.00	Officer Director	$0	$0	$0
N/A	Secretary	007.50	Officer Director	$0	$0	$0
N/A	Director	001.00	Officer Director	$0	$0	$0
N/A	Director	001.00	Officer Director	$0	$0	$0
N/A	Director	001.00	Officer Director	$0	$0	$0
N/A	Director	005.00	Officer 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	No data	No data	No data	No data
2025	No data	No data	No data	No data
2024	$490,950	$473,238	$513,460	$17,712
2023	$542,815	$151,177	$525,359	$391,638