COMMUNITY MUSIC CENTER OF BOSTON I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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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.

Program Service Accomplishments

Program 1

Expenses: $1,538,006 Revenue: $819,865

COMMUNITY MUSIC CENTER OF BOSTON ("CMCB") IS A NATIONALLY RECOGNIZED AND ACCREDITED INSTITUTION. CORE PROGRAMS INCLUDE: MUSICAL INSTRUCTION IN OVER 20 INSTRUMENTS AND A VARIETY OF GENRES AND STYLES; OFFERINGS FOR A RANGE OF INDIVIDUALS, FROM EARLY CHILDHOOD CLASSES TO ADVANCED PERFORMING ENSEMBLES; AND CLINICALLY-CERTIFIED MUSIC THERAPY SERVICES FOR INDIVIDUALS OF ALL AGES. CMCB SUPPORTS OVER 400 INDIVIDUALS TO PARTICIPATE EACH WEEK AT ITS HEADQUARTERS IN THE BOSTON CENTER FOR THE ARTS AND NEARLY 2,500 INDIVIDUALS IN PARTNERSHIP WITH 20 SCHOOLS, COMMUNITY CENTERS, AND SOCIAL SERVICE AGENCIES THROUGHOUT NEARLY EVERY NEIGHBORHOOD IN BOSTON.

Program 2

Expenses: $473,912 Revenue: $212,878

FOUNDED IN 1978, CMCB'S SCHOOL PROGRAMS PARTNER WITH BOSTON SCHOOLS TO HELP MAKE MUSIC AN INFLUENTIAL PART OF EVERY CHILD'S EDUCATION. CMCB'S PARTNERSHIP WITH OVER A DOZEN SCHOOLS PROVIDES WEEKLY...

FOUNDED IN 1978, CMCB'S SCHOOL PROGRAMS PARTNER WITH BOSTON SCHOOLS TO HELP MAKE MUSIC AN INFLUENTIAL PART OF EVERY CHILD'S EDUCATION. CMCB'S PARTNERSHIP WITH OVER A DOZEN SCHOOLS PROVIDES WEEKLY MUSIC AND PERFORMING ARTS INSTRUCTION TO 2,000 STUDENTS EACH WEEK. CMCB STRIVES TO PROVIDE HIGH-QUALITY MUSIC INSTRUCTION AND ARTS PARTICIPATION OPPORTUNITIES CITYWIDE, AND PROVIDES SCHOOLS WITH THE CAPACITY-BUILDING SUPPORT NECESSARY TO ENSURE PROGRAMS CAN BE SUCCESSFULLY ADMINISTERED AND SUSTAINED. FOUNDED AT THE HEIGHT OF BOSTON'S SCHOOL SEGREGATION CRISIS, THE SCHOOL PROGRAM IS AN IMPORTANT PART OF CMCB'S LEGACY OF SERVICE TO THE CITY OF BOSTON.

Program 3

Expenses: $287,227

CMCB'S YOUTH DEVELOPMENT PROGRAM PROVIDES MENTORSHIP, COLLEGE/CAREER TRAINING, AND WORKFORCE DEVELOPMENT THROUGH A PAID EMPLOYMENT MODEL AT A WAGE OF $18/HR. PARTICIPANTS TEND TO BE BETWEEN 14 AND...

CMCB'S YOUTH DEVELOPMENT PROGRAM PROVIDES MENTORSHIP, COLLEGE/CAREER TRAINING, AND WORKFORCE DEVELOPMENT THROUGH A PAID EMPLOYMENT MODEL AT A WAGE OF $18/HR. PARTICIPANTS TEND TO BE BETWEEN 14 AND 24, AND WORK ON A PART-TIME BASIS (5-25 HOURS/WEEK) AT CMCB'S MAIN CAMPUS. THEY WORK WITHIN A MUSIC EDUCATION NONPROFIT, LEARNING THE CORE FUNCTIONS OF RUNNING AN ORGANIZATION. PARTICIPANTS SUPPORT WORK SUCH AS PROGRAM DESIGN, MARKETING, GRAPHIC DESIGN, RESEARCH, FINANCE, COMMUNICATION, CUSTOMER SERVICE, AND MORE, PROVIDING A WELL-ROUNDED EXPERIENCE IN NONPROFIT ADMINISTRATION. THIS PROGRAM IS FUNDED BY PRIMARILY BY GRANT AND CONTRIBUTION REVENUE.

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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