COMMUNITY MUSIC CENTER OF BOSTON INC (EIN 042437973) - 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

1910

Legal Domicile

Principal Officer

KURT HAKANSSON

Phone

6174827494

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY MUSIC CENTER OF BOSTON INC, founded in 1910, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 21% operating margin.

Mission

COMMUNITY MUSIC CENTER OF BOSTON ("CMCB") TRANSFORMS LIVES THROUGHOUT GREATER BOSTON BY PROVIDING EQUITABLE ACCESS TO EXCELLENT MUSIC EDUCATION AND ARTS EXPERIENCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,747,264

Program Service Revenue $1,117,475

Investment Income $173,018

Other Revenue $17,415

TOTAL REVENUE $5,055,172

Expense Breakdown

Grants Paid $299,611

Salaries & Benefits $2,836,917

Fundraising Expenses $486,525

Program Expenses $2,449,376

Other Expenses $840,126

TOTAL EXPENSES $3,976,654

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,055,172	$3,963,187	+0.3%
Expenses	$3,976,654	$4,055,235	0.0%
Net Income	$1,078,518	$-92,048	-12.7%

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

$274,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT HAKANSSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
ERICA BROWN	CO-VICE PRESIDENT (THRU 9/24)	4.00	Officer Director	$0	$0	$0
LYNN COLLINS	CO-VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
EVELYN TATE	CO-VICE PRESIDENT (BEG. 9/24)	4.00	Officer Director	$0	$0	$0
ANN-MARIE PUCILLO	CLERK	4.00	Officer Director	$0	$0	$0
RICHARD DOUGHERTY	TREASURER (THRU 9/24)/DIRECTOR	2.00	Officer Director	$0	$0	$0
GEORGE BLOUNT	TREASURER (BEG. 9/24)	4.00	Officer Director	$0	$0	$0
JANET BAILEY	DIRECTOR (THRU 9/24)	2.00	Director	$0	$0	$0
LIZ BECKHARDT	DIRECTOR (THRU 9/24)	2.00	Director	$0	$0	$0
LUCAS BLACKADAR	DIRECTOR	2.00	Director	$0	$0	$0
C THOMAS BROWN	DIRECTOR	2.00	Director	$0	$0	$0
PAULINE DUFRESNE	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL ESCH	DIRECTOR	2.00	Director	$0	$0	$0
ERIC GOULD	DIRECTOR	2.00	Director	$0	$0	$0
JILL HATTON	DIRECTOR (THRU 9/24)	2.00	Director	$0	$0	$0
ANDREA KAISER	DIRECTOR (THRU 9/24)	2.00	Director	$0	$0	$0
TOM KUO	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA LARSON	DIRECTOR (THRU 9/24)	2.00	Director	$0	$0	$0
LIZ MORGAN	DIRECTOR (THRU 5/25)	2.00	Director	$0	$0	$0
MYRAN PARKER-BRASS	DIRECTOR (THRU 9/24)	2.00	Director	$0	$0	$0
SARAH PATRICK	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY PAUL	DIRECTOR	2.00	Director	$0	$0	$0
BARRY REAVES	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA ROSS	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN E SHEETS	DIRECTOR	2.00	Director	$0	$0	$0
DEVON WILSON-HILL	DIRECTOR (THRU 9/24)	2.00	Director	$0	$0	$0
LECOLION WASHINGTON	EXECUTIVE DIRECTOR	40.00	Officer	$263,071	$10,950	$274,021
MEGHAN JASANI	CFO & COO	40.00	Highest	$118,183	$3,346	$121,529
ZACHARY THOMAS SHEETS	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$115,509	$7,931	$123,440

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	$5,055,172	$3,976,654	$12,479,572	$1,078,518
2024	$3,963,187	$4,055,235	$10,587,006	$-92,048
2023	$7,339,614	$3,572,571	$10,392,461	$3,767,043
2022	$4,709,168	$2,682,189	$5,997,832	$2,026,979
2021	$2,782,952	$2,653,966	$4,881,078	$128,986
2020	$2,704,681	$2,908,480	$4,473,937	$-203,799
2019	$2,784,624	$2,771,105	$4,300,074	$13,519
2018	$2,938,542	$2,846,071	$4,339,522	$92,471

COMMUNITY MUSIC CENTER OF BOSTON INC