UPPER VALLEY MUSIC CENTER INC

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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

1995

Legal Domicile

Principal Officer

AMY DINGLEY

Phone

6034481642

Tax Period

2023-07-01 to 2024-06-30

UPPER VALLEY MUSIC CENTER INC, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $2.6M represent 25 months of operating reserves.

Mission

TO PROVIDE AND PROMOTE THE BEST IN MUSIC EDUCATION IN THE UPPER VALLEY REGION OF VT AND NH.

Program Service Accomplishments

Program 1

Expenses: $744,262 Revenue: $674,600

INDIVIDUAL LESSONS - ONE ON ONE INSTRUCTION BY UVMC'S PROFESSIONAL FACULTY. STUDENTS ARE BEGINNERS THROUGH PROFESSIONAL LEVEL AND AGES 4 THROUGH 90.

Program 2

Expenses: $227,889 Revenue: $197,682

GROUP CLASSES AND ENSEMBLES: GROUP CLASSES - A VARIETY OF INSTRUMENTS AND GENRES ARE TAUGHT IN WEEKLY CLASSES FOR ALL AGES AND ABILITY LEVELS. ENSEMBLES - STUDENTS AGES 7 THROUGH ADULTHOOD...

GROUP CLASSES AND ENSEMBLES: GROUP CLASSES - A VARIETY OF INSTRUMENTS AND GENRES ARE TAUGHT IN WEEKLY CLASSES FOR ALL AGES AND ABILITY LEVELS. ENSEMBLES - STUDENTS AGES 7 THROUGH ADULTHOOD PARTICIPATE IN COACHED MUSICAL ENSEMBLES INCLUDING CHAMBER MUSIC (SMALL GROUPS), ORCHESTRAS AND CHORUS. IN ADDITION TO TEACHING COLLABORATIVE MUSICAL SKILLS, ENSEMBLES PROVIDE COMMUNITY BUILDING SOCIAL ENVIRONMENTS FOR CHILDREN AND ADULTS.

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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 $356,041

Program Service Revenue $858,445

Investment Income $25,689

Other Revenue $13,837

TOTAL REVENUE $1,254,012

Expense Breakdown

Grants Paid $44,738

Salaries & Benefits $918,602

Fundraising Expenses $50,613

Program Expenses $972,151

Other Expenses $311,748

TOTAL EXPENSES $1,275,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,254,012	$1,095,549	+0.1%
Expenses	$1,275,088	$1,093,437	+0.2%
Net Income	$-21,076	$2,112	-11.0%

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

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

$84,401

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS CORNELL	DIRECTOR	2.00	Director	$0	$0	$0
AMY DINGLEY	DIRECTOR	2.00	Officer Director	$0	$0	$0
DEECIE DENISON	VICE PRESIDENT	3.00	Director	$0	$0	$0
ZHENG DUAN	TREASURER	2.00	Officer Director	$0	$0	$0
JUDY POND	SECRETARY	3.00	Officer Director	$0	$0	$0
NISSANKA KIRIDENA	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN GREENSTEIN	PRESIDENT	3.00	Officer Director	$0	$0	$0
RACHEL SILVER	DIRECTOR THROUGH 4/5/24	2.00	Director	$0	$0	$0
RENEE SNOW	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE HENRY	DIRECTOR	2.00	Director	$0	$0	$0
LUCAS MENDELSOHN	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN VAN VLIET	EXECUTIVE DIRECTOR	40.00	Officer	$84,401	$0	$84,401

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	$1,254,012	$1,275,088	$2,761,935	$-21,076
2023	$1,095,549	$1,093,437	$2,755,630	$2,112
2022	$1,356,178	$1,036,976	$2,789,125	$319,202
2021	$1,982,663	$865,191	$2,795,970	$1,117,472
2020	$1,153,348	$896,173	$1,548,615	$257,175
2019	$835,166	$824,056	$1,171,695	$11,110