MUSIC ETC MINISTRIES

EIN: 911412742 501(c)(3) Human Services

POULSBO, WA

Total Revenue
$27,384
Total Expenses
$66,207
Total Assets
$615,380
Net Assets
$615,380
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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
2011
Legal Domicile
WA
Principal Officer
BRUCE JAKOLA
Phone
3609905030
Tax Period
2025-01-01 to 2025-12-31

MUSIC ETC MINISTRIES, founded in 2011, is a micro nonprofit in the Human Services sector that reported $27K in total revenue in fiscal year 2025. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 142% operating deficit.

Mission

EVANGELISTIC OUTREACH AND MUSIC MINISTRY

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,775
Program Service Revenue $0
Investment Income $15,609
Other Revenue $0
TOTAL REVENUE $27,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $63,241
Other Expenses $61,956
TOTAL EXPENSES $66,207

Year-over-Year Comparison

2025 2024 Change
Revenue $27,384 $525,003 -0.9%
Expenses $66,207 $50,154 +0.3%
Net Income $-38,823 $474,849 -1.1%
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
5
Independent Members
3
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE JAKOLA PRESIDENT 20.00
Officer Director
$0 $0 $0
DOUGLAS WENTWORTH BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY THARP BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORA JAKOLA SECRETARY 15.00
Officer Director
$0 $0 $0
STEVEN MALOOF BOARD MEMBER 1.00
Director
$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 $27,384 $66,207 $615,380 $-38,823
2024 No data No data No data No data
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