SANTA MONICA, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MUSICARES FOUNDATION INC, founded in 1989, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $28.8M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $25.2M left a modest 13% surplus.
MUSICARES HELPS THE HUMANS BEHIND THE MUSIC BECAUSE MUSIC GIVES SO MUCH TO THE WORLD. MUSICARES PROVIDES A SAFETY NET OF CRITICAL HEALTH AND WELFARE SERVICES TO THE MUSIC COMMUNITY IN THREE KEY AREAS:MENTAL HEALTH & ADDICTION RECOVERY: SUPPORT, REFERRALS, AND EMERGENCY FINANCIAL ASSISTANCE FOR COUNSELING, PSYCHIATRIC CARE, INPATIENT TREATMENT, COACHING, INTENSIVE OUTPATIENT CARE, SOBER LIVING, AND MORE.HEALTH SERVICES: FINANCIAL ASSISTANCE DURING MEDICAL CRISES AND PREVENTIVE SERVICES SUCH AS DENTAL AND MEDICAL SCREENINGS, HEARING CLINICS, VOCAL HEALTH WORKSHOPS, AND ASSISTANCE OBTAINING LOW-COST HEALTH INSURANCE.HUMAN SERVICES: SUPPORT FOR BASIC LIVING EXPENSES LIKE RENT, UTILITIES, CAR PAYMENTS AND INSURANCE PREMIUMS IN TIMES OF HARDSHIP, PLUS PROGRAMS ADDRESSING AFFORDABLE HOUSING, CAREER DEVELOPMENT, LEGAL ISSUES, AND SENIOR SERVICES.
FINANCIAL ASSISTANCE: MUSICARES PROVIDES UP TO $10,000 ANNUALLY FOR EMERGENCY BASIC LIVING, MEDICAL, OR OTHER NEEDS WITH A LIFETIME MAXIMUM OF $20,000. UNDER EXTRAORDINARY CIRCUMSTANCES, GRANTS MAY...
FINANCIAL ASSISTANCE: MUSICARES PROVIDES UP TO $10,000 ANNUALLY FOR EMERGENCY BASIC LIVING, MEDICAL, OR OTHER NEEDS WITH A LIFETIME MAXIMUM OF $20,000. UNDER EXTRAORDINARY CIRCUMSTANCES, GRANTS MAY BE EXTENDED TO $25,000 BASED UPON A UNIQUE NEED. ASSISTANCE IS PROVIDED TO RECORDING INDUSTRY PERSONNEL, INCLUDING CREATIVE AND TECHNICAL PERSONNEL (I.E., MUSICIANS, COMPOSERS, ENGINEERS, PRODUCERS, ETC.), MUSIC BUSINESS STAFF (I.E., RECORD LABEL STAFF, MANAGEMENT COMPANIES, ENTERTAINMENT ATTORNEYS, MUSIC RETAILERS), AND OTHER MEMBERS OF THE MUSIC COMMUNITY WHO HAVE BEEN EMPLOYED IN THE INDUSTRY FOR AT LEAST FIVE YEARS OR WHO HAVE CREDITS ON SIX COMMERCIALLY RELEASED SINGLES. THESE GRANTS ARE MADE AVAILABLE TO MUSIC PEOPLE FACING AN UNFORESEEN MEDICAL, PERSONAL, OR FINANCIAL CRISIS. THIS CAN INCLUDE PAYMENTS FOR HEALTH CARE PROFESSIONALS AND PRESCRIPTIONS, RENT/MORTGAGE PAYMENTS, HEALTH INSURANCE PREMIUMS, AND COSTS FOR OTHER BASIC LIVING SUPPORT SERVICES. THROUGH ITS COMMUNITY OUTREACH AND EDUCATION PROGRAMS, THE FOUNDATION ALSO PROVIDES WORKSHOPS, SEMINARS, AND INDIVIDUAL CONSULTATIONS TO MEMBERS OF THE MUSIC COMMUNITY ON TOPICS RELATED TO GENERAL HEALTH AND HUMAN SERVICE NEEDS. IT ALSO PROVIDES IDEAS AND RESOURCES FOR PROACTIVELY ADDRESSING THOSE ISSUES.
IN RESPONSE TO THE EXTREME FIRES AND UNPRECEDENTED DEVASTATION IN JANUARY 2025 IN LOS ANGELES, MUSICARES LAUNCHED DISASTER RELIEF EFFORTS TO DIRECTLY ASSIST ELIGIBLE MUSIC PROFESSIONALS IN NEED. AID...
IN RESPONSE TO THE EXTREME FIRES AND UNPRECEDENTED DEVASTATION IN JANUARY 2025 IN LOS ANGELES, MUSICARES LAUNCHED DISASTER RELIEF EFFORTS TO DIRECTLY ASSIST ELIGIBLE MUSIC PROFESSIONALS IN NEED. AID INCLUDES $1,500 IN FINANCIAL ASSISTANCE AND A $500 GROCERY CARD FOR NEAR-TERM NEEDS SUCH AS NECESSITIES AND EVACUATION COSTS. MUSICARES ALSO PROVIDES ADDITIONAL, MORE SUBSTANTIAL SUPPORT FOR INDIVIDUALS WITH CONSIDERABLE IMPACT, INCLUDING ASSISTANCE FOR DAMAGED EQUIPMENT, MEDICAL NEEDS, AND RENTAL ASSISTANCE.
MENTAL HEALTH & ADDICTION RECOVERY (FORMERLY MAP FUND): MUSICARES PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY FACING ADDICTION. ASSISTANCE LIMITS ARE $20,000 PER...
MENTAL HEALTH & ADDICTION RECOVERY (FORMERLY MAP FUND): MUSICARES PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY FACING ADDICTION. ASSISTANCE LIMITS ARE $20,000 PER YEAR WITH A LIFETIME LIMIT OF $20,000. THE PROGRAM MAY PROVIDE PAYMENT FOR INPATIENT TREATMENT, SOBER LIVING, AND/OR OTHER EXPENSES RELATED TO RECOVERY. THE PROGRAM ALSO PROVIDES A SUPPORT NETWORK OF RECOVERY RESOURCES FOR MUSIC PEOPLE WHO ARE TOURING THROUGHOUT THE COUNTRY. IN ADDITION, THE FOUNDATION PROVIDES WORKSHOPS AND COORDINATES MEETINGS OF INDUSTRY PROFESSIONALS TO DISCUSS THE PROBLEMS OF CHEMICAL DEPENDENCY AND DISCUSS SPECIFIC STRATEGIES FOR INTERVENTION FOR INDIVIDUALS WITHIN THE MUSIC COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $28,826,852 | $14,035,971 | +1.1% |
| Expenses | $25,153,843 | $11,817,091 | +1.1% |
| Net Income | $3,673,009 | $2,218,880 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| AMBROSIA HEALY | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF HARLESTON | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE BOOM | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALI HARNELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARIANNE MARSHALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE ALBERT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CORAN CAPSHAW | DIRECTOR (FROM 8/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| DONNA CASEINE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CHELSEA GREEN | DIRECTOR (FROM 6/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| IRVING AZOFF | DIRECTOR (FROM 8/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MANUEL ABUD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTY HOM | DIRECTOR (FROM 8/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| PHYLICIA FANT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PJ MORTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RITA WILSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB LIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMARA HRIVNAK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMMY HURT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HARVEY MASON JR | CEO | 1.00 |
Officer
|
$0 | $0 | $0 |
| LAURA SEGURA | EXECUTIVE DIRECTOR (TO 5/25) | 40.00 |
Key Emp
|
$382,200 | $45,613 | $427,813 |
| THERESA WOLTERS | VP (TO 5/25), EXEC DIR (FROM 5/25) | 40.00 |
Key Emp
|
$212,532 | $13,123 | $225,655 |
| JENNIFER LEFF | MANAGING DIRECTOR | 40.00 |
Highest
|
$144,074 | $56,373 | $200,447 |
| LINDSEY BURRIS | SR. MANAGING DIRECTOR | 40.00 |
Highest
|
$164,087 | $41,694 | $205,781 |
| RYAN DONAHUE | SR. MANAGING DIRECTOR | 40.00 |
Highest
|
$177,193 | $52,284 | $229,477 |
| VIRGINIA FADDY | MANAGING DIRECTOR | 40.00 |
Highest
|
$158,752 | $49,034 | $207,786 |
| WYNNIE WYNN | MANAGING DIRECTOR | 40.00 |
Highest
|
$137,305 | $18,497 | $155,802 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $28,826,852 | $25,153,843 | $38,379,586 | $3,673,009 |
| 2024 | $14,035,971 | $11,817,091 | $33,769,868 | $2,218,880 |
| 2023 | $15,259,540 | $12,751,561 | $30,052,960 | $2,507,979 |
| 2022 | $12,363,939 | $11,766,269 | $27,300,020 | $597,670 |
| 2021 | $14,053,875 | $15,353,857 | $30,948,923 | $-1,299,982 |
| 2020 | $32,357,649 | $26,860,161 | $28,828,154 | $5,497,488 |
| 2019 | $9,023,146 | $9,579,995 | $23,744,524 | $-556,849 |
| 2018 | $9,310,958 | $10,812,088 | $24,376,644 | $-1,501,130 |
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