LIVE MUSIC FOSTERING COMMUITY

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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

Principal Officer

SCOTT G JACOBS

Tax Period

2023-01-01 to 2023-12-31

LIVE MUSIC FOSTERING COMMUITY, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $177K in total revenue in fiscal year 2023. The organization ran a surplus of $35K, a strong 20% operating margin.

Mission

PROVIDE FREE LIVE MUSIC PERFORMANCES TO FOSTER COMMUNITY IN OUR CULTURALLY AND ECONOMICALLY DIVERSE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $142,548

LIVE MUSIC FOSTERING COMMUNITY ORGANIZED, PAID FOR, PROMOTED AND HOSTED LIVE MUSIC EVENTS.

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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 $177,242

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $177,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,548

Other Expenses $142,548

TOTAL EXPENSES $142,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,242	N/A	N/A
Expenses	$142,548	N/A	N/A
Net Income	$34,694	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
LISA GLEATON	SECRETARY	10.00	Officer	$0	$0	$0
CORNELIA FLETCHER	CFO	10.00	Officer	$0	$0	$0
SCOTT G JACOBS	CEO	10.00	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
2025	No data	No data	No data	No data
2023	$177,242	$142,548	$158,554	$34,694
2022	$410,970	$287,110	$123,860	$123,860