Lynn Music Foundation Inc (EIN 884197401) - 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

2022

Legal Domicile

Principal Officer

Chris Martin

Phone

7819297597

Tax Period

2024-01-01 to 2024-12-31

Lynn Music Foundation Inc, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $472K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $446K left a modest 6% surplus.

Mission

Provide resources to Lynn artists in music and the arts helping them to reach their potential

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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 $168,896

Program Service Revenue $303,539

Investment Income $3

Other Revenue $0

TOTAL REVENUE $472,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,290

Fundraising Expenses $47,672

Program Expenses $239,210

Other Expenses $260,634

TOTAL EXPENSES $445,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$472,438	$257,919	+0.8%
Expenses	$445,924	$212,767	+1.1%
Net Income	$26,514	$45,152	-0.4%

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

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

$132,638

Total Directors

$132,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edwin Cabrera	President	40.00	Officer Director	$58,075	$0	$58,075
Christopher Martin	Treasurer	40.00	Officer Director	$43,601	$0	$43,601
David Simmons	Board Member	1.00	Director	$0	$0	$0
Brittany Thomas	Board Member	1.00	Director	$0	$0	$0
Brandon Mayes	Board Member	1.00	Director	$0	$0	$0
Jonathon Feinberg	Board Member	1.00	Director	$0	$0	$0
Jose Luna	Clerk	40.00	Officer Director	$30,962	$0	$30,962

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	$472,438	$445,924	$78,866	$26,514
2023	$257,919	$212,767	$50,106	$45,152

Lynn Music Foundation Inc