MAJOR CHORDS FOR MINORS

EIN: 900624610 501(c)(3) Arts, Culture & Humanities

SAGINAW, MI

Total Revenue
$255,779
Total Expenses
$222,762
Total Assets
$50,885
Net Assets
$43,464
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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

Principal Officer
LISA BARNES
Phone
9897902000
Tax Period
2024-01-01 to 2024-12-31

MAJOR CHORDS FOR MINORS is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2024. Expenses of $223K left a modest 13% surplus.

Mission

BUILDING BETTER CHILDREN THROUGH MUSIC

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $233,692
Program Service Revenue $22,087
Investment Income $0
Other Revenue $0
TOTAL REVENUE $255,779

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,081
Fundraising Expenses $35,257
Program Expenses $63,669
Other Expenses $78,681
TOTAL EXPENSES $222,762

Year-over-Year Comparison

2024 2023 Change
Revenue $255,779 N/A N/A
Expenses $222,762 N/A N/A
Net Income $33,017 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

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Governance

Voting Members
10
Independent Members
10
Employees
5
Volunteers
5

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
1
$32,510
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA BARNES DIRECTOR 40.00
Officer
$32,510 $0 $32,510
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 $255,779 $222,762 $50,885 $33,017
2018 $190,016 $187,110 $40,480 $2,906
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