THIS MUST BE THE PLACE (EIN 872676246) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

INGELA TRAVERS-HAYWARD

Phone

9296845595

Tax Period

2023-01-01 to 2023-12-31

THIS MUST BE THE PLACE, founded in 2021, is a small nonprofit in the Mental Health sector that reported $332K in total revenue in fiscal year 2023. Revenue surged 807% from the prior year, signaling strong growth momentum.

Mission

THIS MUST BE THE PLACE IS A 501(C)(3) THAT HARNESSES THE POWER OF MUSIC TO CREATE THE BACKBONE OF A NON-PROFIT WHOSE PURPOSE IS TO PROVIDE A SHARED SPACE AND THE TOOLS NECESSARY TO TRANSFORM, INSPIRE, AND HEAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $236,133

Program Service Revenue $94,500

Investment Income $0

Other Revenue $1,829

TOTAL REVENUE $332,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,533

Fundraising Expenses $5,440

Program Expenses $299,185

Other Expenses $236,851

TOTAL EXPENSES $334,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,462	$36,669	+8.1%
Expenses	$334,384	$32,957	+9.1%
Net Income	$-1,922	$3,712	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$86,916

Total Directors

$86,916

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INGELA TRAVERS-HAYWARD	SECRETARY	40.00	Officer Director	$44,445	$0	$44,445
WILLIAM PERRY	CHAIRMAN	40.00	Officer Director	$42,471	$0	$42,471
MORGAN GODVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN KENNEDY	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHER MAY-CORSINI	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN WEITZ	BOARD MEMBER	1.00	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	$332,462	$334,384	$2,806	$-1,922

THIS MUST BE THE PLACE