JOY OF MUSIC PROGRAM INC

EIN: 043055099 501(c)(3) Arts, Culture & Humanities

WORCESTER, MA

Total Revenue
$1,332,652
Total Expenses
$1,461,299
Total Assets
$3,764,945
Net Assets
$3,721,227
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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
1989
Legal Domicile
MA
Principal Officer
JENNIFER GRIFFIN GAUL
Phone
5088569541
Tax Period
2024-09-01 to 2025-08-31

JOY OF MUSIC PROGRAM INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $3.7M represent 34 months of operating reserves.

Mission

TO PROVIDE MUSIC EDUCATION AND PERFORMANCE TO THE CENTRAL MASSACHUSETTS COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,103,489 Revenue: $886,282

APPROXIMATELY 474 INDIVIDUAL STUDENTS STUDY MUSIC IN CLASSES AND RECEIVE LESSONS. PROGRAM ENROLLMENT TOTALS 574, WHICH REFLECTS ACTUAL OPERATIONS, AND INCLUDES STUDENTS TAKING PRIVATE LESSONS AS WELL...

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APPROXIMATELY 474 INDIVIDUAL STUDENTS STUDY MUSIC IN CLASSES AND RECEIVE LESSONS. PROGRAM ENROLLMENT TOTALS 574, WHICH REFLECTS ACTUAL OPERATIONS, AND INCLUDES STUDENTS TAKING PRIVATE LESSONS AS WELL AS ORCHESTRA (COUNTED TWICE).

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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 (2024)

Revenue Breakdown

Contributions & Grants $427,223
Program Service Revenue $845,154
Investment Income $40,800
Other Revenue $19,475
TOTAL REVENUE $1,332,652

Expense Breakdown

Grants Paid $172,511
Salaries & Benefits $885,507
Fundraising Expenses $61,140
Program Expenses $1,103,489
Other Expenses $403,281
TOTAL EXPENSES $1,461,299

Year-over-Year Comparison

2024 2023 Change
Revenue $1,332,652 $1,436,095 -0.1%
Expenses $1,461,299 $1,468,231 0.0%
Net Income $-128,647 $-32,136 +3.0%
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

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Governance

Voting Members
13
Independent Members
13
Employees
48
Volunteers
15

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
5
$119,113
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET FREIJE PRESIDENT 2.00
Officer Director
$0 $0 $0
JUSTIN DUFFY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TARIK BUXTON TREASURER 2.00
Officer Director
$0 $0 $0
LINA NGUYEN SECRETARY 2.00
Officer Director
$0 $0 $0
MARY ELLEN BEATON DIRECTOR 2.00
Director
$0 $0 $0
PENELOPE DILLON DIRECTOR 2.00
Director
$0 $0 $0
ERICKA FISHER DIRECTOR 2.00
Director
$0 $0 $0
DAVID GERBEREUX DIRECTOR 2.00
Director
$0 $0 $0
DAN PACEK DIRECTOR 2.00
Director
$0 $0 $0
SHARON MAHONEY DIRECTOR 2.00
Director
$0 $0 $0
KATHLEEN ROCHE-GOGGINS DIRECTOR 2.00
Director
$0 $0 $0
LUKE ROSSEEL DIRECTOR 2.00
Director
$0 $0 $0
HARUM THIMMIAH MD DIRECTOR 2.00
Director
$0 $0 $0
JENNY PACILLO DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER GRIFFIN GAUL EXECTIVE DIRECTOR 40.00
Officer
$119,113 $0 $119,113
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 $1,332,652 $1,461,299 $3,764,945 $-128,647
2024 $1,436,095 $1,468,231 $3,948,475 $-32,136
2023 $1,346,783 $1,331,098 $3,922,170 $15,685
2022 $1,557,883 $1,088,680 $3,886,405 $469,203
2021 $1,203,304 $1,002,270 $3,394,238 $201,034
2020 $1,219,009 $1,040,160 $3,313,498 $178,849
2019 $1,238,512 $970,438 $3,014,342 $268,074
2018 $915,717 $983,061 $2,740,714 $-67,344
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