ASCENT MUSIC

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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

2022

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ASCENT MUSIC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $230K in total revenue in fiscal year 2023. Expenses of $218K left a modest 5% surplus.

Mission

TO PROVIDE OPPORTUNITES FOR YOUNG MUSICIANS FROM ALL WALKS OF LIFE

Program Service Accomplishments

Program 1

Expenses: $201,678 Revenue: $230,048

TO PROVIDE A DIVERSE COMMUNITY OF YOUNG MUSICIANS WITH EDUCATIONAL OPPORTUNITIES IN SOLO AND CHAMBER MUSIC TO BECOME PERFORMERS, EDUCATORS, LEADERS, AND SUPPORTERS OF THE FUTURE OF CLASSICAL MUSIC...

TO PROVIDE A DIVERSE COMMUNITY OF YOUNG MUSICIANS WITH EDUCATIONAL OPPORTUNITIES IN SOLO AND CHAMBER MUSIC TO BECOME PERFORMERS, EDUCATORS, LEADERS, AND SUPPORTERS OF THE FUTURE OF CLASSICAL MUSIC AND TO CONDUCT ACTIVITIES CONSISTENT WITH SUCH PURPOSES.

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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 $230,048

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,678

Other Expenses $217,750

TOTAL EXPENSES $217,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,048	N/A	N/A
Expenses	$217,750	N/A	N/A
Net Income	$12,298	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CURRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MANISHA PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN RAFFERTY	ARTISTIC DIRECTOR	1.00	Director	$0	$0	$0
GARY STEVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROHAN PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH KIM	PRESIDENT	1.00	Officer	$0	$0	$0
RICTOR NOREN	SECRETARY	1.00	Officer	$0	$0	$0
MARGARET CHAMPION	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$230,048	$217,750	$22,916	$12,298