Wonderful World Friends of Music Therapy Inc
Nonprofit profile at a glance
- EIN
- 821872902
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Langhorne, PA, USA
- Phone
- 2679687200
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Personal Social Services
Reported finances
- Revenue
- $193,915
- Expenses
- $188,362
- Assets
- $15,047
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- EDWARD FINKLESTEIN (PRESIDENT)
People named in this filing
- EDWARD FINKLESTEIN (PRESIDENT)
- ERIK BRIAN LAWRENCE (VICE PRESIDE)
- STEVEN PASTOR (TREASURER)
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
The mission of the 'wonderful world-friends of music therapy' is to support the activities of the louis armstrong center for music and medicine through event planning, marketing and outreach.
What it reported doing in 2024
1.to organize 1-5 event/s throughout on a yearly basis that will raise funds to benefit infants, children and adults who are medically and/or psychologically compromised. 2.to build inter-disciplinary collaboration between music therapists and allied professionals within the community. 3.to support general understanding of clinically-based music therapy activity through concerts, events and parties whereby interested donors can be attracted to learn, grow and provide outreach to benefit music therapy program/s in hospital/s and clinics deemed fit to provide services. 4.to lead through example and exemplify through actions- the benefits of a fine-tuned community-based music therapy philanthropic outreach model.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.1%; rating input score 97
- 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: Limited
Sustainability
- Operating margin: 2.9%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 7.9% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 97.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $188K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.