Music4life
Nonprofit profile at a glance
- EIN
- 264733898
- IRS 990-EZ coverage
- 2014–2022
- Forms available
- Form 990 2021, Form 990-EZ 2022
- Location
- Seattle, WA, USA
- Phone
- 2064093275
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.*
Reported finances
- Revenue
- $187,052
- Expenses
- $205,326
- Assets
- $51,697
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DAVID ENDICOTT (CHAIR/CEO)
People named in this filing
- DAVID ENDICOTT (CHAIR/CEO)
- ANDREW FACE (TREASURER)
- MARLI IVERSON (DIRECTOR)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Music4life provides donated-and-repaired musical instruments at no charge for use by the public school students of families in-need.
What it reported doing in 2022
Our chapter serving students attending highline public schools (thus, highline music4life) provided 33 ready-to-play musical instruments having a fair market value at $19,175.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.7%; rating input score 83
- Program expense ratio: 73.7%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -9.8%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 13.2%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 1.4% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 17.9% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 82.7% of revenue deployed · 73.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $151K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2014 to 2022
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 21/100.