NEIGHBORHOOD MUSIC SCHOOL INC (EIN 060662152) - 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

1966

Legal Domicile

Principal Officer

NOAH BLOOM

Phone

2036245189

Tax Period

2024-07-01 to 2025-06-30

NEIGHBORHOOD MUSIC SCHOOL INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 11% surplus.

Mission

NMS PROVIDES QUALITY EDUCATION IN MUSIC AND DANCE BY CREATING COMMUNITY, SPARKING POTENTIAL AND SHARING JOY THROUGH THE ARTS.

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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 $1,732,153

Program Service Revenue $3,485,610

Investment Income $492,378

Other Revenue $33,512

TOTAL REVENUE $5,743,653

Expense Breakdown

Grants Paid $419,722

Salaries & Benefits $3,484,779

Fundraising Expenses $187,356

Program Expenses $3,750,920

Other Expenses $1,211,095

TOTAL EXPENSES $5,115,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,743,653	$5,162,749	+0.1%
Expenses	$5,115,596	$4,987,226	+0.0%
Net Income	$628,057	$175,523	+2.6%

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

176

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

$133,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMITY DOOLITTLE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
ALBERT LEE	DEVELOPMENT COMMITTEE CO CHAIR	2.00	Officer Director	$0	$0	$0
ALEXIS SMITH	DEVELOPMENT COMMITTEE CO CHAIR	2.00	Officer Director	$0	$0	$0
DIANE BROWN	DIRECTOR	1.50	Director	$0	$0	$0
BERNADETTE HUANG	DIRECTOR	1.50	Director	$0	$0	$0
STEVEN R LATHAM	DIRECTOR	1.50	Director	$0	$0	$0
GREGORY P MUCCILLI	DIRECTOR	1.50	Director	$0	$0	$0
KATHRIN DAY LASSILA	DIRECTOR	1.50	Director	$0	$0	$0
KRISTEN NWANYANANWU	DIRECTOR	1.50	Director	$0	$0	$0
NEAL DELAURENTIS	DIRECTOR	1.50	Director	$0	$0	$0
DEBORAH FISCHER TEASON	DIRECTOR	1.50	Director	$0	$0	$0
MELISSA SCHEVE	GOVERNANCE COMMITTEE CO CHAIR	2.00	Officer Director	$0	$0	$0
ALAN H BOWIE JR	GOVERNANCE COMMITTEE CO CHAIR	2.00	Officer Director	$0	$0	$0
JUDY OFFUTT	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID SOPER	TREASURER	2.00	Officer Director	$0	$0	$0
NOAH BLOOM	EXECUTIVE DIRECTOR	60.00	Officer	$130,738	$2,712	$133,450

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	$5,743,653	$5,115,596	$11,060,567	$628,057
2024	$5,162,749	$4,987,226	$10,792,346	$175,523
2023	$4,663,212	$4,681,410	$8,470,641	$-18,198
2022	$5,408,099	$4,139,825	$8,041,622	$1,268,274
2021	$4,178,613	$3,814,299	$7,654,853	$364,314
2020	$4,761,658	$4,703,544	$5,771,252	$58,114
2019	$4,349,583	$4,966,144	$5,544,964	$-616,561

NEIGHBORHOOD MUSIC SCHOOL INC