METHUEN MEMORIAL MUSIC HALL INC (EIN 026011075) - 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

1946

Legal Domicile

Principal Officer

MATTHEW M BELLOCCHIO

Phone

9786821414

Tax Period

2023-01-01 to 2023-12-31

METHUEN MEMORIAL MUSIC HALL INC, founded in 1946, is a small nonprofit in the Arts, Culture & Humanities sector that reported $337K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $134K, a strong 40% operating margin.

Mission

PRESERVE AND CONTINUE THE OPERATION OF THE MUSIC HALL AND THE GREAT ORGAN. PRESENT CULTURAL PROGRAMS INVOLVING ORGAN MUSIC, OPERETTAS AND MUSICAL RECORDINGS.

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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 $109,706

Program Service Revenue $124,550

Investment Income $87,475

Other Revenue $14,840

TOTAL REVENUE $336,571

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $3,989

Fundraising Expenses $0

Program Expenses $140,571

Other Expenses $196,304

TOTAL EXPENSES $202,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,571	$1,424,220	-0.8%
Expenses	$202,293	$156,851	+0.3%
Net Income	$134,278	$1,267,369	-0.9%

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

Total Directors

$49,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY HASELTINE	Executive Dir.	40.00	Director	$49,038	$0	$49,038
DAVID F CUNNINGHAM JR	Trustee	2.00	Director	$0	$0	$0
ROBERT JAY WHITE	Trustee	2.00	Director	$0	$0	$0
GAIL DOW	Trustee	2.00	Director	$0	$0	$0
MICHAEL DOW	Treasurer	6.00	Officer Director	$0	$0	$0
RANDY STEERE	Trustee	2.00	Director	$0	$0	$0
RICHARD OUELLETTE	Clerk/Secretary	4.00	Officer Director	$0	$0	$0
MATTHEW M BELLOCCHIO	President	6.00	Officer Director	$0	$0	$0
PAUL STEPHEN	Trustee	2.00	Director	$0	$0	$0
MEAGHANN M JACKSON	Trustee	2.00	Director	$0	$0	$0
JOSEPHINE THOMAS	Trustee	2.00	Director	$0	$0	$0
JANET M JABER	Trustee	2.00	Director	$0	$0	$0
CHAD P DOW	Vice President	4.00	Officer Director	$0	$0	$0
JOYCE PAINTER RICE	Trustee	2.00	Director	$0	$0	$0
RICHARD HOEHN	Trustee	2.00	Director	$0	$0	$0
SHIRLEY A MACKENZIE	Trustee	2.00	Director	$0	$0	$0
BARBARA OWEN	Trustee	2.00	Director	$0	$0	$0
JOHN SKELTON	Trustee	2.00	Director	$0	$0	$0
GREGORY L'HEUREUX	Trustee	2.00	Director	$0	$0	$0
ROBERT REICH	Trustee	2.00	Director	$0	$0	$0
MARK S PAINE	Trustee	2.00	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
2024	No data	No data	No data	No data
2023	$336,571	$202,293	$3,206,099	$134,278
2022	$1,424,220	$156,851	$3,047,552	$1,267,369
2021	$103,115	$119,515	$1,865,372	$-16,400
2020	$78,682	$127,681	$1,739,691	$-48,999
2019	$123,526	$132,373	$1,764,451	$-8,847
2018	$142,692	$132,649	$1,647,683	$10,043

METHUEN MEMORIAL MUSIC HALL INC