Music That Heals Inc

Nonprofit profile at a glance

EIN
475138593
IRS 990-EZ coverage
2016–2024
Forms available
Form 990-EZ 2024
Location
Neponsit, NY, USA
Phone
2127414255
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Patient Services - Entertainment, Recreation

Official website

Reported finances

Revenue
$116,561
Expenses
$113,335
Assets
$229,105
Liabilities
$900

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • KATHLEEN LORD NICOLOSI (President)

People named in this filing

  • KATHLEEN LORD NICOLOSI (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

"Music That Heals - bringing the healing power of music to ill children and adults."

What it reported doing in 2024

We provide musical performances to 30-35 healthcare facilities annually. In 2018, we scheduled over 500 live musica performances at the various healthcare facilities throughout the 5n boroughs of NYC and beyond.Our mission statement is simple: "Music That Heals - bringing the healing power of music to ill children and adults."The Covid 19 Pandemic created the challenge of running the program, though all live performances had to be canceled, within weeks we created the "Through The Window" series which provides the patient with a personalized music performance via an internet link. We also partnered with another organization that provides meals to the ill and homebound and created another virtual series called "A Taste of Music That Heals", which is sent to their 300-400 homebound clients monthlyAs Covid concerns continue to wane, we are back performing live at many facilities and continue to run both virtual perforances as well

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.3%; rating input score 59
  • Program expense ratio: 61%; rating input score 61

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.8%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 2.02; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -4.6% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -7.3% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 10.4% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 59.3% of revenue deployed · 61% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $69K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.