MUSIC WORKS NORTHWEST

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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

1965

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

MUSIC WORKS NORTHWEST, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $677K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

MUSIC EDUCATION FOR ALL AGES

Program Service Accomplishments

Program 1

Expenses: $449,940

MUSIC WORKS NW PROVIDES QUALITY MUSIC EDUCATION IN THE FORM OF PRIVATE, SEMI-PRIVATE AND GROUP LESSONS TO STUDENTS OF ALL AGES AND TALENTS. MUSIC EDUCATION IS ENHANCED WITH MANY OPPORTUNITIES TO...

MUSIC WORKS NW PROVIDES QUALITY MUSIC EDUCATION IN THE FORM OF PRIVATE, SEMI-PRIVATE AND GROUP LESSONS TO STUDENTS OF ALL AGES AND TALENTS. MUSIC EDUCATION IS ENHANCED WITH MANY OPPORTUNITIES TO PERFORM IN FRONT OF AN AUDIENCE. STUDENTS CAN PARTICIPATE IN PERFORMING IN ENSEMBLES TO HONE THEIR ABILITY TO WORK WITH OTHER MUSICIANS. SUMMER & WINTER CAMPS AND WORKSHOPS PROVIDE ADDITIONAL OPPORTUNITIES FOR STUDENTS TO PLAY TOGETHER AND LEARN ADDITIONAL SKILLS.

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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 $127,198

Program Service Revenue $549,966

Investment Income $7

Other Revenue $0

TOTAL REVENUE $677,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,482

Fundraising Expenses $0

Program Expenses $449,940

Other Expenses $360,847

TOTAL EXPENSES $672,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$677,171	$854,469	-0.2%
Expenses	$672,329	$849,447	-0.2%
Net Income	$4,842	$5,022	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN CLUTS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE FRANK	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA ROSENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRA OLSEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHEL MARTEL	TREASURER	1.00	Officer Director	$0	$0	$0
PRADNYA DESH	PAST PRESIDENT	1.00	Officer 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
2024	$677,171	$672,329	$160,565	$4,842
2023	$854,469	$849,447	$188,016	$5,022
2022	$1,064,162	$989,820	$200,164	$74,342
2021	$942,488	$928,839	$253,683	$13,649
2020	$910,662	$998,230	$289,410	$-87,568
2019	$1,004,665	$1,097,849	$317,695	$-93,184
2018	$1,091,338	$1,122,486	$363,575	$-31,148