MUSIC FOR MINORS INC (EIN 942494433) - 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

1977

Legal Domicile

Principal Officer

VALERIE MEYER

Phone

6502379130

Tax Period

2024-07-01 to 2025-06-30

MUSIC FOR MINORS INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $1.9M left a modest 11% surplus.

Mission

MUSIC EDUCATION FOR ELEMENTARY SCHOOL AGE CHILDREN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $449,848

Program Service Revenue $1,657,443

Investment Income $39,919

Other Revenue $22,949

TOTAL REVENUE $2,170,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,633,573

Fundraising Expenses $175,666

Program Expenses $1,533,042

Other Expenses $291,520

TOTAL EXPENSES $1,925,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,170,159	$2,515,952	-0.1%
Expenses	$1,925,093	$2,623,418	-0.3%
Net Income	$245,066	$-107,466	-3.3%

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

$179,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONJA WOHLGEMUTH	FORMER CEO	40.00	Officer	$154,983	$12,963	$167,946
MARCY STRAW	INTERIM CEO	20.00	Officer	$12,000	$0	$12,000
GRETCHEN GELKE	Secretary	0.50	Officer Director	$0	$0	$0
CATHY COMBS	Trustee	0.50	Director	$0	$0	$0
MICHELLE QUILANTANG	Trustee	0.50	Director	$0	$0	$0
NELLY ROME	Trustee	0.50	Director	$0	$0	$0
HOMER WONG	CO-CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM JOHNSTON	Treasurer	0.50	Officer Director	$0	$0	$0
JEREMY BROWN	Trustee	0.50	Director	$0	$0	$0
DIEGO HERNANDEZ	Trustee	0.50	Director	$0	$0	$0
ELIZABETH ROME	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ANDRE COOPER	Trustee	0.50	Director	$0	$0	$0
ALICIA HENEGHAN	Trustee	0.50	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	$2,170,159	$1,925,093	$552,742	$245,066
2024	$2,515,952	$2,623,418	$443,560	$-107,466
2023	$1,975,082	$2,623,020	$280,066	$-647,938
2023	$1,975,082	$2,623,020	$280,066	$-647,938
2022	$2,335,534	$1,945,763	$914,084	$389,771
2021	$1,519,051	$1,380,932	$710,130	$138,119
2020	$1,839,102	$1,796,804	$550,091	$42,298
2019	$1,517,719	$1,427,158	$313,038	$90,561
2018	$1,424,899	$1,536,273	$222,477	$-111,374

MUSIC FOR MINORS INC