Friends of The Music Hall

EIN: 020403452 501(c)(3) Arts, Culture & Humanities

Portsmouth, NH

Total Revenue
$12,704,136
Total Expenses
$9,798,339
Total Assets
$21,484,947
Net Assets
$15,185,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NH
Principal Officer
Joe Gleason
Phone
6034333100
Tax Period
2024-07-01 to 2025-06-30

Friends of The Music Hall, founded in 1986, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.9M, a strong 23% operating margin.

Mission

Educational and cultural community enrichment.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,566,711
Program Service Revenue $6,257,527
Investment Income $112,118
Other Revenue $767,780
TOTAL REVENUE $12,704,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,094,993
Fundraising Expenses $673,296
Program Expenses $7,052,239
Other Expenses $6,703,346
TOTAL EXPENSES $9,798,339

Year-over-Year Comparison

2024 2023 Change
Revenue $12,704,136 $11,649,046 +0.1%
Expenses $9,798,339 $9,493,038 +0.0%
Net Income $2,905,797 $2,156,008 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
145
Volunteers
348

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
8
$564,183
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jay McFarland Chair 1.00
Officer Director
$0 $0 $0
Jude Blake Vice Chair 1.00
Officer Director
$0 $0 $0
Hope Martin Treasurer 1.00
Officer Director
$0 $0 $0
Cynthia Fenneman Secretary 1.00
Officer Director
$0 $0 $0
Tim Allison Board 1.00
Director
$0 $0 $0
Megan Davis Board 1.00
Director
$0 $0 $0
Blair Demers Board 1.00
Director
$0 $0 $0
Paul Durham Board 1.00
Director
$0 $0 $0
Maureen Flaherty Board 1.00
Director
$0 $0 $0
Stephen Gaykan Board 1.00
Director
$0 $0 $0
Dawn Heffron Board 1.00
Director
$0 $0 $0
Eric MacDonald Board 1.00
Director
$0 $0 $0
Jessica McKeon Board 1.00
Director
$0 $0 $0
Amy McLaughlin Board 1.00
Director
$0 $0 $0
Ed Morrell Board 1.00
Director
$0 $0 $0
Cathy Nickerson Board 1.00
Director
$0 $0 $0
Kimery Poldrak Board 1.00
Director
$0 $0 $0
Tara Rutman Board 1.00
Director
$0 $0 $0
Eben Tormey Board 1.00
Director
$0 $0 $0
Brendan Vesey Board 1.00
Director
$0 $0 $0
Matt McFarland Board 1.00
Director
$0 $0 $0
Tina Sawtelle Executive Director 50.00
Officer
$214,870 $5,958 $220,828
Joe Gleason CFO/COO 45.00
Officer
$94,882 $330 $95,212
Mary Beth Johnson Director of Development 40.00
Officer
$140,062 $4,787 $144,849
Ryan Klink Director of Marketing and Communications 40.00
Officer
$102,964 $330 $103,294
Ashleigh Tucker Associate Executive Director 40.00
Highest
$104,003 $0 $104,003
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
2025 $12,704,136 $9,798,339 $21,484,947 $2,905,797
2024 $11,649,046 $9,493,038 $15,059,539 $2,156,008
2023 $7,902,541 $7,568,813 $12,977,731 $333,728
2022 $6,060,196 $4,654,619 $11,111,524 $1,405,577
2021 $3,857,092 $2,736,781 $9,892,467 $1,120,311
2020 $4,793,914 $4,895,273 $8,520,312 $-101,359
2019 $6,093,903 $5,879,602 $8,089,800 $214,301
2018 $5,471,634 $6,054,366 $7,883,265 $-582,732
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