MANCHESTER COMMUNITY MUSIC SCHOOL (EIN 020376586) - 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

1983

Legal Domicile

Principal Officer

POLLY TOWNER

Phone

6036444548

Tax Period

2023-09-01 to 2024-08-31

MANCHESTER COMMUNITY MUSIC SCHOOL, founded in 1983, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 54% operating margin.

Mission

TO CHANGE LIVES THROUGH THE POWER OF LEARNING, SHARING AND MAKING MUSIC. TO PROVIDE INSTRUCTION AND PERFORMANCE OPPORTUNITIES FOR THE AMATEUR, ASPIRING AND PROFESSIONAL MUSICIAN. TO PROVIDE MUSIC THERAPY SERVICES TO INDIVIDUALS WITH DISABILITIES.

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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 $1,951,995

Program Service Revenue $692,328

Investment Income $34,243

Other Revenue $33,920

TOTAL REVENUE $2,712,486

Expense Breakdown

Grants Paid $61,607

Salaries & Benefits $818,891

Fundraising Expenses $23,336

Program Expenses $837,288

Other Expenses $357,390

TOTAL EXPENSES $1,237,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,712,486	$1,095,405	+1.5%
Expenses	$1,237,888	$1,139,454	+0.1%
Net Income	$1,474,598	$-44,049	-34.5%

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

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

$23,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK S CROSS-POWERS	CHAIR	3.00	Officer Director	$0	$0	$0
CRAIG GARNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARTIN FLETCHER	TREASURER	1.00	Officer Director	$0	$0	$0
HANNAH KARAMANOOGIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDAN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GAMACHE	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE KEARAGE	DIRECTOR	1.00	Director	$0	$0	$0
GREG POWERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY NORONHA	DIRECTOR	1.00	Director	$0	$0	$0
POLLY TOWNER	EXEC DTR JUN	40.00	Officer	$0	$0	$0
BIANCA GARCIA	EXEC DTR SEP	40.00	Officer	$23,189	$245	$23,434

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	$2,712,486	$1,237,888	$3,035,617	$1,474,598
2023	$1,095,405	$1,139,454	$1,598,719	$-44,049
2022	$1,577,243	$1,071,560	$1,661,997	$505,683
2021	$1,138,182	$985,595	$1,328,158	$152,587
2020	$1,031,158	$964,528	$1,170,022	$66,630
2019	$1,094,700	$980,789	$1,014,596	$113,911
2018	$1,029,916	$987,775	$902,137	$42,141

MANCHESTER COMMUNITY MUSIC SCHOOL