NEW SCHOOL OF MUSIC INC (EIN 042598978) - 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

1976

Legal Domicile

Principal Officer

ANNE RIESENFELD

Phone

6174928105

Tax Period

2024-09-01 to 2025-08-31

NEW SCHOOL OF MUSIC INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $628K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $597K left a modest 5% surplus.

Mission

PROVIDE HIGH QUALITY MUSIC INSTRUCTION AND ACCESS IN A VARIETY OF MUSICAL FORMS INCLDING CLASSICAL JAZZ POP AND WORK MUSIC FOR STUDENTS OF ALL AGES LEVELS OF TRAINING AND FINACIAL MEANS.

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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 $98,092

Program Service Revenue $523,937

Investment Income $38

Other Revenue $5,470

TOTAL REVENUE $627,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $396,715

Fundraising Expenses $0

Program Expenses $278,692

Other Expenses $200,442

TOTAL EXPENSES $597,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$627,537	$543,921	+0.2%
Expenses	$597,157	$576,024	+0.0%
Net Income	$30,380	$-32,103	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA AGLIO	TRUSTEE	N/A	Officer Director	$0	$0	$0
CHRISTINA ENGLISH	TRUSTEE	N/A	Officer Director	$0	$0	$0
EIRENE KONTOPOULOS	TRUSTEE	N/A	Officer 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
2025	$627,537	$597,157	$436,687	$30,380
2024	$543,921	$576,024	$379,021	$-32,103
2023	$589,935	$545,187	$439,355	$44,748
2022	$531,553	$524,904	$415,993	$6,649
2021	$472,300	$460,200	$345,300	$12,100
2020	$581,900	$529,800	$332,600	$52,100
2019	$506,200	$507,200	$305,800	$-1,000

NEW SCHOOL OF MUSIC INC