BERKSHIRE HILLS MUSIC ACADEMY INC

EIN: 043458789 501(c)(3) Education

SOUTH HADLEY, MA

Total Revenue
$5,719,005
Total Expenses
$4,871,685
Total Assets
$11,716,607
Net Assets
$11,295,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MA
Principal Officer
MICHELLE THEROUX
Phone
4135409720
Tax Period
2023-07-01 to 2024-06-30

BERKSHIRE HILLS MUSIC ACADEMY INC, founded in 1999, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2023. Expenses of $4.9M left a modest 15% surplus.

Mission

BHMA USES A COMPREHENSIVE PROGRAM WITH MUSIC AT ITS CORE TO HELP INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES ADVANCE THEIR SKILLS FOR COMMUNICATION, INDEPENDENCE, AND EMPLOYMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $379,228
Program Service Revenue $4,939,825
Investment Income $453,429
Other Revenue $-53,477
TOTAL REVENUE $5,719,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,600,383
Fundraising Expenses $5,535
Program Expenses $4,143,044
Other Expenses $1,271,302
TOTAL EXPENSES $4,871,685

Year-over-Year Comparison

2023 2022 Change
Revenue $5,719,005 $5,433,631 +0.1%
Expenses $4,871,685 $4,643,558 +0.0%
Net Income $847,320 $790,073 +0.1%
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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Governance

Voting Members
10
Independent Members
10
Employees
102
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
5
$121,664
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAITLIN CROWE MEMBER 2.00
Director
$0 $0 $0
ANDY KROL MEMBER 2.00
Director
$0 $0 $0
SUSANNA PEYTON MEMBER 2.00
Director
$0 $0 $0
KAREN PHILIPS MEMBER 2.00
Director
$0 $0 $0
MARY RICHARDSON MEMBER 2.00
Director
$0 $0 $0
ELIZABETH SCHEIBEL MEMBER 2.00
Director
$0 $0 $0
VINCE A DABOUL CHAIR 3.00
Officer Director
$0 $0 $0
CAROLYN WARGER VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOHN BRZEZENSKI TREASURER 2.00
Officer Director
$0 $0 $0
FORREST SPATCHER CLERK 2.00
Officer Director
$0 $0 $0
MICHELLE THEROUX CHIEF EXECUTIVE OFFICER 40.00
Officer
$121,664 $0 $121,664
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 $5,719,005 $4,871,685 $11,716,607 $847,320
2023 $5,433,631 $4,643,558 $10,975,473 $790,073
2022 $4,776,730 $4,268,339 $10,087,054 $508,391
2021 $4,865,646 $3,755,836 $9,534,823 $1,109,810
2020 $3,981,884 $4,006,042 $8,788,827 $-24,158
2019 $3,667,942 $3,983,229 $8,299,172 $-315,287
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