Lynn, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The mission of Lynn Music Foundation Inc. is to provide resources to Lynn artists in music and the arts, helping them to reach their fullest potential by creating an environment for collaboration, and providing professional development opportunities for Lynn artists.
The Foundation offers music education, performance opportunities and artist resources to the under-served music communities in Lynn.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $472,438 | $445,924 | $78,866 | $26,514 |
| 2023 | $257,919 | $212,767 | $50,106 | $45,152 |
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