LONDONDERRY FRIENDS OF MUSIC

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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

1978

Legal Domicile

Principal Officer

SERGE BEAULIEU

Phone

6172331703

Tax Period

2023-07-01 to 2024-06-30

LONDONDERRY FRIENDS OF MUSIC, founded in 1978, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $10K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 651% operating deficit.

Mission

MARCHING BAND AND COLOR GUARD TRIPS IN VARIOUS PARADES.

Program Service Accomplishments

Program 1

Expenses: $69,574 Revenue: $0

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE EDUCATION IN THE FIELD OF MUSIC FOR THOSE WHO ATTEND LONDONDERRY HIGH SCHOOL 335+/-STUDENTS.

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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 $1,945

Program Service Revenue $26,668

Investment Income $1,057

Other Revenue $-19,996

TOTAL REVENUE $9,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,574

Other Expenses $72,694

TOTAL EXPENSES $72,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,674	$65,376	-0.9%
Expenses	$72,694	$35,943	+1.0%
Net Income	$-63,020	$29,433	-3.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE BARRETT	PRESIDENT	15.00	Director	$0	$0	$0
KELLY HOWARD	VICE PRESIDENT	15.00	Director	$0	$0	$0
MELISSA VARRARO	SECRETARY	15.00	Director	$0	$0	$0
ELEIZABETH COMTOIS	TREASURER	15.00	Director	$0	$0	$0
SERGE BEAULIEU	DIRECTOR	15.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$9,674	$72,694	$77,658	$-63,020
2023	$65,376	$35,943	$140,678	$29,433
2022	$-7,122	$3,557	$111,245	$-10,679
2021	$-15,628	$4,463	$121,924	$-20,091
2020	$106,179	$4,756	$142,015	$101,423