THE PIANO SCHOOL OF NEW YORK CITY … - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

VERA BARSKAYA ANSELMO

Tax Period

2023-07-01 to 2024-06-30

THE PIANO SCHOOL OF NEW YORK CITY INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $983K left a modest 9% surplus.

Mission

TO MAKE A POSITIVE IMPACT AND BROADEN THE PERSPECTIVES OF ALL CHILDREN AND ADULTS BY PROVIDING EXPOSURE TO AND AVAILABILITY OF PIANO AND MUSIC INSTRUCTION BY HIGHLY TRAINED MUSICIANS.

Program Service Accomplishments

Program 1

Expenses: $545,304 Revenue: $990,666

PROVIDE MUSIC INSTRUCTION TO STUDENTS VIA GROUP OR PRIVATE LESSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $58,361

Program Service Revenue $990,666

Investment Income $27,617

Other Revenue $0

TOTAL REVENUE $1,076,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $869,823

Fundraising Expenses $63,394

Program Expenses $545,304

Other Expenses $112,704

TOTAL EXPENSES $982,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,076,644	$884,644	+0.2%
Expenses	$982,527	$953,665	+0.0%
Net Income	$94,117	$-69,021	-2.4%

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

132

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

$134,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERA BARSKAYA ANSELMO	EXECUTIVE DIRECTOR	40.00	Officer	$134,000	$0	$134,000
DR LEROY NICKLES	DIRECTOR	2.00	Director	$0	$0	$0
KELLY AYERS	DIRECTOR	2.00	Director	$0	$0	$0
LINDA CALANDRA	DIRECTOR	2.00	Director	$0	$0	$0
PEDRO JANOWITZER	DIRECTOR	2.00	Director	$0	$0	$0
NICK TINCH	DIRECTOR	2.00	Director	$0	$0	$0
DEBOPRIYA HALDER	DIRECTOR	2.00	Director	$0	$0	$0
BENITO PIUZZI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JUSTIN WILSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBIN DSOUZA	SECRETARY	2.00	Officer Director	$0	$0	$0
ESTHER ESCAPA	TRESURER	2.00	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	No data	No data	No data	No data
2024	$1,076,644	$982,527	$455,529	$94,117
2023	$884,644	$953,665	$369,121	$-69,021
2022	$952,412	$781,163	$428,419	$171,249
2021	$549,861	$364,062	$311,526	$185,799
2020	$685,891	$652,676	$127,696	$33,215
2019	$715,013	$708,860	$24,717	$6,153
2018	$661,815	$688,310	$26,883	$-26,495

THE PIANO SCHOOL OF NEW YORK CITY INC