YOUTH MUSIC MONTEREY

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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

1988

Legal Domicile

Principal Officer

DANIEL FUNG

Phone

8313751992

Tax Period

2023-07-01 to 2024-06-30

YOUTH MUSIC MONTEREY, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $749K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 23% operating margin.

Mission

INSPIRE EXCELLENCE IN INDIVIDUAL STUDENTS AND ENRICH OUR COMMUNITY BY PROVIDING YOUNG PEOPLE WITH OPPORTUNITIES TO PARTICIPATE IN, AND GAIN GREATER UNDERSTANDING OF MUSIC AND ITS PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $278,887 Revenue: $99,191

JUNIOR YOUTH AND HONORS ORCHESTRA: 100 STUDENTS FROM OVER 30 MONTEREY COUNTY SCHOOLS AUDITION FOR YMMC'S ORCHESTRAS, REHEARSE WEEKLY DURING THE SCHOOL YEAR, AND PRESENT 3 FULL LENGTH SYMPHONIC...

JUNIOR YOUTH AND HONORS ORCHESTRA: 100 STUDENTS FROM OVER 30 MONTEREY COUNTY SCHOOLS AUDITION FOR YMMC'S ORCHESTRAS, REHEARSE WEEKLY DURING THE SCHOOL YEAR, AND PRESENT 3 FULL LENGTH SYMPHONIC CONCERTS AT THE SUNSET CENTER EACH SEASON. MEMBERS PARTICIPATE IN TWO WEEKEND RETREATS A YEAR.

Program 2

Expenses: $80,447

SOUTH COUNTY STRINGS: YMM PROVIDES INSTRUMENTS AND FREE GROUP VIOLIN, VIOLA, AND CELLO LESSONS FOR UP TO 200 STUDENTS AGES 8-13 DURING THE SCHOOL DAY IN SOUTH MONTEREY COUNTY. STUDENTS PERFORM FOR...

SOUTH COUNTY STRINGS: YMM PROVIDES INSTRUMENTS AND FREE GROUP VIOLIN, VIOLA, AND CELLO LESSONS FOR UP TO 200 STUDENTS AGES 8-13 DURING THE SCHOOL DAY IN SOUTH MONTEREY COUNTY. STUDENTS PERFORM FOR SCHOOL AND COMMUNITY EVENTS. UP TO 24 STRING STUDENTS PLAY ALONGSIDE YMM'S JUNIOR YOUTH ORCHESTRA MUSICIANS IN OUR MAY SEASON FINALE. COMBINED, THE 300 STUDENTS OF YMMC'S PROGRAMS PRESENT 30 CONCERTS EACH YEAR TO AN AUDIENCE OF OVER 7500 DISTINCT INDIVIDUALS THROUGHOUT MONTEREY COUNTY.

Program 3

Expenses: $115,225 Revenue: $27,028

CHAMBER MUSIC ENSEMBLES: ADVANCED MUSICIANS PARTICIPATE IN BRASS, WOODWIND AND CHAMBER ENSEMBLES. ENSEMBLES RECEIVE WEEKLY COACHING TO PREPARE FOR PUBLIC PERFORMANCES REPRESENTING YMM.

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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 $550,823

Program Service Revenue $126,219

Investment Income $72,134

Other Revenue $0

TOTAL REVENUE $749,176

Expense Breakdown

Grants Paid $8,570

Salaries & Benefits $371,660

Fundraising Expenses $11,103

Program Expenses $474,559

Other Expenses $199,191

TOTAL EXPENSES $579,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$749,176	$416,659	+0.8%
Expenses	$579,421	$414,541	+0.4%
Net Income	$169,755	$2,118	+79.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$103,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY MICHELETTI	PRESIDENT	20.00	Officer Director	$0	$0	$0
PETER MECKEL	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
TREVOR HAWKINS	TREASURER	8.00	Officer Director	$0	$0	$0
MARI RONDELI	SECRETARY	8.00	Officer Director	$0	$0	$0
AMELIA MAASKE	DIRECTOR	8.00	Director	$0	$0	$0
ED GAVRIN	DIRECTOR	8.00	Director	$0	$0	$0
JO ANN HATCH	DIRECTOR	3.00	Director	$0	$0	$0
SUZANNE MUDGE - DEC 2023	EXECUTIVE DIR.	40.00	Officer	$92,847	$11,000	$103,847
DANIEL FUNG - MAY 2024	EXECUTIVE DIR.	40.00	Officer	$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	No data	No data	No data	No data
2024	$749,176	$579,421	$623,780	$169,755
2023	$416,659	$414,541	$447,520	$2,118
2022	$420,521	$385,111	$449,403	$35,410
2021	$561,781	$387,294	$416,957	$174,487
2020	$400,537	$395,282	$226,820	$5,255
2019	$372,420	$351,659	$236,476	$20,761