MUSICARES FOUNDATION INC (EIN 954470909) - 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

1989

Legal Domicile

Principal Officer

HARVEY MASON JR

Phone

3103923777

Tax Period

2023-08-01 to 2024-07-31

MUSICARES FOUNDATION INC, founded in 1989, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $2.2M, a strong 16% operating margin.

Mission

MUSICARES PROVIDES A SAFETY NET OF CRITICAL HEALTH AND WELFARE SERVICES TO THE MUSIC COMMUNITY IN THREE KEY AREAS: MENTAL HEALTH & ADDICTION RECOVERY SERVICES, HEALTH SERVICES, AND HUMAN SERVICES.

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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 $14,504,897

Program Service Revenue $0

Investment Income $1,465,239

Other Revenue $-1,934,165

TOTAL REVENUE $14,035,971

Expense Breakdown

Grants Paid $5,229,378

Salaries & Benefits $4,718,863

Fundraising Expenses $1,373,095

Program Expenses $8,835,865

Other Expenses $1,826,050

TOTAL EXPENSES $11,817,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,035,971	$15,259,540	-0.1%
Expenses	$11,817,091	$12,751,561	-0.1%
Net Income	$2,218,880	$2,507,979	-0.1%

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

2600

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

$418,084

Highest Compensated

reported

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
MICHAEL MCDONALD	CHAIR EMERITUS (THROUGH 6/24)	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
BEN HAGGERTY	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
DONNA CASEINE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JONES	DIRECTOR	1.00	Director	$0	$0	$0
LALAH HATHAWAY	DIRECTOR	1.00	Director	$0	$0	$0
MANUEL ABUD	DIRECTOR	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
TUMA BASA	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY MASON JR	CEO	1.00	Officer	$0	$0	$0
LAURA SEGURA	EXECUTIVE DIRECTOR	40.00	Key Emp	$362,132	$55,952	$418,084
THERESA WOLTERS	VICE-PRESIDENT	40.00	Highest	$206,466	$12,858	$219,324
RYAN DONAHUE	MANAGING DIRECTOR	40.00	Highest	$169,518	$39,021	$208,539
LINDSEY BURRIS	MANAGING DIRECTOR	40.00	Highest	$174,245	$30,415	$204,660
VIRGINIA FADDY	MANAGING DIRECTOR	40.00	Highest	$152,758	$46,502	$199,260
JENNIFER LEFF	MANAGING DIRECTOR	40.00	Highest	$141,798	$50,691	$192,489

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	$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

MUSICARES FOUNDATION INC