Melrose Orchestral Association Inc (EIN 046112869) - 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

1919

Legal Domicile

Principal Officer

Joan Cassidy

Phone

7816620641

Tax Period

2024-06-01 to 2025-05-31

Melrose Orchestral Association Inc, founded in 1919, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Expenses of $171K left a modest 5% surplus.

Mission

Educate & entertain with classical music.

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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 $163,775

Program Service Revenue $0

Investment Income $5,752

Other Revenue $10,024

TOTAL REVENUE $179,551

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $38,000

Fundraising Expenses $0

Program Expenses $142,333

Other Expenses $131,617

TOTAL EXPENSES $170,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,551	N/A	N/A
Expenses	$170,617	N/A	N/A
Net Income	$8,934	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Radley	President	20.00	Officer	$0	$0	$0
Joan Cassidy	Co-Vice President	1.00	Officer	$0	$0	$0
Nick Quinci	Co-Vice President	1.00	Officer	$0	$0	$0
Deborah Walsh	Treasurer	15.00	Officer	$0	$0	$0
Myron Dittmer	Secretary	1.00	Officer	$0	$0	$0
Richard Iascone	Director	1.00	Director	$0	$0	$0
Joseph Messina	Director	1.00	Director	$0	$0	$0
Richard Weeks	Director	1.00	Director	$0	$0	$0
Denise Gaffey	Director	1.00	Director	$0	$0	$0
Sean Going	Director	1.00	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	$179,551	$170,617	$223,811	$8,934

Melrose Orchestral Association Inc