BROOKINGS HARBOR FRIENDS OF MUSIC INC (EIN 931077501) - 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

1992

Legal Domicile

Principal Officer

MARK NEWHOUSE

Phone

5414697625

Tax Period

2022-01-01 to 2022-12-31

BROOKINGS HARBOR FRIENDS OF MUSIC INC, founded in 1992, is a micro nonprofit that reported $21K in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $141K exceeded revenue, resulting in a 562% operating deficit.

Mission

TO PROMOTE INTEREST IN MUSICAL EXPRESSION AND ENHANCE THE CULTURAL CLIMATE OF THE REGION BY PRESENTING CLASSICAL MUSIC PROGRAMS AND PROMOTING OTHER MUSICAL GENRES THROUGHOUT THE YEAR. THE ORGANZIATION SHALL ALSO ENCOURAGE, GUIDE, AND PROVIDE TOOLS TO NOVICE, STUDENTS, AND UNDER-PRIVILEGED COMMUNITY MEMBERS TO PARTICIPATE IN A VARIETY OF PERFORMING ARTS ACTIVITIES BY MAKING EDUCATION, OUT-REACH, AND SCHOLARSHIP OPPORTUNITIES AVAILABLE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $20,953

Program Service Revenue $0

Investment Income $349

Other Revenue $0

TOTAL REVENUE $21,302

Expense Breakdown

Grants Paid $81,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,599

Other Expenses $59,444

TOTAL EXPENSES $140,944

Year-over-Year Comparison

	2022	2021	Change
Revenue	$21,302	$30,986	-0.3%
Expenses	$140,944	$29,107	+3.8%
Net Income	$-119,642	$1,879	-64.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK NEWHOUSE	PRESIDENT	N/A	Officer Director	$0	$0	$0
GEORGE CADY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
SONIA GRAY	TREASURER	N/A	Officer Director	$0	$0	$0
STACY BERGSTEDT	SECRETARY	N/A	Officer Director	$0	$0	$0
NORMAN BERBY	DIRECTOR	N/A	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
2022	$21,302	$140,944	No data	$-119,642
2021	$30,986	$29,107	$1,101,735	$1,879
2020	$23,776	$25,094	$1,086,583	$-1,318
2019	$41,044	$60,077	$1,056,301	$-19,033

BROOKINGS HARBOR FRIENDS OF MUSIC INC