KINHAVEN MUSIC SCHOOL INC

EIN: 030214324 501(c)(3) Arts, Culture & Humanities

MAPLEWOOD, NJ

Total Revenue
$2,401,324
Total Expenses
$1,316,781
Total Assets
$4,568,757
Net Assets
$4,493,306
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
VT
Principal Officer
KEVIN TALLY
Phone
9733785854
Tax Period
2023-10-01 to 2024-09-30

KINHAVEN MUSIC SCHOOL INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 45% operating margin.

Mission

KINHAVEN OFFERS JOYOUS AND RIGOROUS MUSIC-MAKING EDUCATION TO ACCOMPLISHED YOUTH AND ADULTS IN A NURTURING, NONCOMPETITIVE, AND COLLABORATIVE ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,410,163
Program Service Revenue $892,820
Investment Income $88,142
Other Revenue $10,199
TOTAL REVENUE $2,401,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $632,936
Fundraising Expenses $14,392
Program Expenses $781,691
Other Expenses $669,453
TOTAL EXPENSES $1,316,781

Year-over-Year Comparison

2023 2022 Change
Revenue $2,401,324 $1,335,204 +0.8%
Expenses $1,316,781 $1,322,754 0.0%
Net Income $1,084,543 $12,450 +86.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
72
Volunteers
N/A

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
4
$0
Total Directors
17
$74,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH BUCK EXECUTIVE DI 40.00
Director
$74,500 $0 $74,500
ANTHONY MAZZOCCHI EXECUTIVE DI N/A
Director
$0 $0 $0
ELIZABETH GOMBOSI TRUSTEE N/A
Director
$0 $0 $0
KENNIE LYMAN TRUSTEE N/A
Director
$0 $0 $0
KEVIN TALLY TREASURER N/A
Officer
$0 $0 $0
NEVIN DAWSON TRUSTEE N/A
Director
$0 $0 $0
GEORGE VALLEY TRUSTEE N/A
Director
$0 $0 $0
TARA EPPINGER TRUSTEE N/A
Director
$0 $0 $0
AUDREY DUNN SECRETARY N/A
Officer Director
$0 $0 $0
MIMI HYMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
ELLEN COHEN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
PETER CHARIG TRUSTEE N/A
Director
$0 $0 $0
PHIL EATON TRUSTEE N/A
Director
$0 $0 $0
BRENT LEWIS TRUSTEE N/A
Director
$0 $0 $0
ROBERT SARLY TRUSTEE N/A
Director
$0 $0 $0
NANCY SHARKEY FOX TRUSTEE N/A
Director
$0 $0 $0
ANASTASIA TSIOULCAS TRUSTEE N/A
Director
$0 $0 $0
PUJA VOHRA TRUSTEE N/A
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 $2,401,324 $1,316,781 $4,568,757 $1,084,543
2023 $1,335,204 $1,322,754 $3,522,062 $12,450
2022 $1,650,950 $1,292,701 $3,507,135 $358,249
2022 $1,592,942 $1,285,919 $3,642,645 $307,023
2021 $1,562,223 $1,225,991 $3,494,599 $336,232
2020 $675,129 $667,882 $3,188,042 $7,247
2019 $1,441,709 $1,368,529 $3,172,978 $73,180
2018 $1,444,292 $1,240,238 $3,039,224 $204,054
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