WINCHESTER COMMUNITY MUSIC SCHOOL … - 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

1984

Legal Domicile

Principal Officer

LAURIE RUSSELL

Phone

7817212950

Tax Period

2024-08-01 to 2025-07-31

WINCHESTER COMMUNITY MUSIC SCHOOL TRUST, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 38% operating margin.

Mission

THE MISSION OF WINCHESTER COMMUNITY MUSIC SCHOOL IS TO PROVIDE OUTSTANDING AND DIVERSE MUSICAL EDUCATION AND PERFORMANCE, ACCESSIBLE TO ALL, IN WINCHESTER, NEIGHBORING COMMUNITIES, AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $1,829,616 Revenue: $2,014,390

WCMS IS A VIBRANT REGIONAL HUB FOR WORLD-CLASS MUSIC EDUCATION AND PROGRAMMING. EACH YEAR WE SERVE MORE THAN 900 STUDENTS OF ALL AGES, INTERESTS, AND SKILL LEVELS, FROM OVER 30 TOWNS. OUR APPROACH IS INDIVIDUALIZED, INTENTIONAL, AND IMMERSIVE. WE BELIEVE THAT A COMPREHENSIVE APPROACH DEVELOPS STRONG MUSICAL COMPETENCIES, AND CULTIVATES LIFE SKILLS SUCH AS MINDFULNESS, CONFIDENCE, PERSISTENCE, AND ACHIEVEMENT. WE CARE DEEPLY ABOUT EXPERT INSTRUCTION AND QUALITY PROGRAMMING, AND WORK HARD TO ESTABLISH SUPPORTIVE AND INSPIRING RELATIONSHIPS. OUR FACULTY OF 60 PERFORMING ARTISTS OFFER PRIVATE LESSONS IN A WIDE RANGE OF INSTRUMENTS AND VOICE. NEW STUDENTS CAN ENROLL AT ANY TIME AND CAN AUGMENT THEIR MUSIC STUDY WITH LESSONS IN ENSEMBLES, GROUP CLASSES, AND LESSONS IN COMPOSITION, SONG WRITING, RECORDING/PRODUCTION, OR MUSIC THEORY.

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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 $1,728,485

Program Service Revenue $2,014,390

Investment Income $268,221

Other Revenue $0

TOTAL REVENUE $4,011,096

Expense Breakdown

Grants Paid $71,169

Salaries & Benefits $1,756,900

Fundraising Expenses $87,222

Program Expenses $1,829,616

Other Expenses $640,176

TOTAL EXPENSES $2,468,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,011,096	$2,857,709	+0.4%
Expenses	$2,468,245	$2,414,627	+0.0%
Net Income	$1,542,851	$443,082	+2.5%

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

135

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

$195,593

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE RUSSELL	EXECUTIVE DIRECTOR	40.00	Officer	$144,070	$3,432	$147,502
ROBERT PALMER	BUSINESS MANAGER	25.00	Officer	$48,091	$0	$48,091
LANCE GRENZEBACK	TRUSTEE/CHAIR	1.00	Officer Director	$0	$0	$0
VIRGINIA HUNG	TRUSTEE/VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEIGH HURD	TREASURER/TRUSTEE	1.00	Officer Director	$0	$0	$0
MICHELLE BERGSTROM	TRUSTEE	1.00	Director	$0	$0	$0
HORACIO CAPERAN	TRUSTEE	1.00	Director	$0	$0	$0
CHEN CHEN	TRUSTEE	1.00	Director	$0	$0	$0
ANITA COLASANTE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DIETEL	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD FOUGERE	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH GOODELL	TRUSTEE	1.00	Director	$0	$0	$0
WEI HAN	TRUSTEE	1.00	Director	$0	$0	$0
DANA ISRAELSKI	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS MALONE	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY MATTHEWS	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN VERDICCHIO	TRUSTEE	1.00	Director	$0	$0	$0
SHARON MUENTENER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA PEJROLO	TRUSTEE	1.00	Director	$0	$0	$0
HONG YU	TRUSTEE	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	$4,011,096	$2,468,245	$11,256,324	$1,542,851
2024	$2,857,709	$2,414,627	$8,482,690	$443,082
2023	$3,051,134	$2,335,929	$7,777,340	$715,205
2022	$2,332,765	$2,076,709	$6,691,042	$256,056
2021	$2,651,514	$1,836,000	$7,261,065	$815,514
2020	$2,121,619	$2,009,453	$6,410,714	$112,166
2019	$1,935,537	$2,036,938	$6,125,177	$-101,401
2018	$2,046,261	$2,019,393	$6,234,347	$26,868

WINCHESTER COMMUNITY MUSIC SCHOOL TRUST