Vusic Heals Inc
Nonprofit profile at a glance
- EIN
- 931551512
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Southern Shores, NC, USA
- Phone
- 2524492627
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $20
- Expenses
- $29,715
- Assets
- $104,429
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- REGINALD WHITE (PRESIDENT,TR)
People named in this filing
- REGINALD WHITE (PRESIDENT,TR)
- CONNIE GRIZZARD (VP AND SECRE)
- KEVIN BERNARD (VP AND DIREC)
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
Our mission at vusic heals is to infuse joy and healing energy into peoples lives through the transformative power of music. We believe that music has the unparalleled ability to uplift spirits, foster connections, and inspire hope. We are dedicated to providing access to live music experiences, creating healing musical moments and events that bring happiness and solace to individuals and families facing diverse life challenges. Our commitment spans a wide spectrum of needs, from individuals seeking a moment of respite and escapism at a live show, but unable to afford a ticket, to crafting uplifting experiences for families struggling with the trials of mental, physical, health, or loss-related hardships. We envision a world where the universal language of music is a source of comfort, healing, and unity for all. At vusic heals, we harmonize the notes of compassion and generosity to foster positive change, one musical experience at a time.
What it reported doing in 2024
Assist those in need who may not otherwise afford experiences relating to the healing power of music.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 30
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -148,475%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 3.51; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -199.9% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -24.9% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $30K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.