Danbury Music Centre

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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

1935

Legal Domicile

Principal Officer

LAURA FLACHBART

Phone

2037481716

Tax Period

2023-06-01 to 2024-05-31

Danbury Music Centre, founded in 1935, is a small nonprofit in the Arts, Culture & Humanities sector that reported $333K in total revenue in fiscal year 2023. Expenses of $381K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO SPONSOR MUSICAL ORGANIZATIONS, BOTH INSTRUMENTAL AND VOCAL, IN WHICH PERSONS OF A WIDE VARIETY OF MUSICAL BACKGROUNDS ARE ENCOURAGED TO STUDY AND PERFORM CLASSICAL AND MODERN COMPOSITIONS TO IMPROVE THEIR MUSICAL ABILITY AND TO SHARE THE JOY OF MUSIC WITH THE PEOPLE OF THE GREATER DANBURY AREA. THE MUSICAL ORGANIZATIONS OF THE DANBURY MUSIC CENTRE WILL BE COMPOSED OF AMATEUR AND PROFESSIONAL MUSICIANS FROM THE GREATER DANBURY AREA AND WILL BE CONDUCTED BY PROFESSIONAL DIRECTORS.

Program Service Accomplishments

Program 1

Expenses: $370,148 Revenue: $121,807

CONCERTS BOTH CHORAL AND ORCHESTRAL AS WELL AS PERFORMANCES ARE PRESENTED THROUGHOUT THE YEAR TO THE GENERAL PUBLIC. ATTENDANCE FOR ALL EVENTS IS NORMALLY IN EXCESS OF 5,000.

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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 $211,345

Program Service Revenue $121,467

Investment Income $0

Other Revenue $340

TOTAL REVENUE $333,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,766

Fundraising Expenses $4,281

Program Expenses $370,148

Other Expenses $338,186

TOTAL EXPENSES $380,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,152	$335,734	0.0%
Expenses	$380,952	$326,406	+0.2%
Net Income	$-47,800	$9,328	-6.1%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIE GEMZA	DIRECTOR	1.0	Director	$6,000	$0	$6,000
LAURA FLACHBART	PRESIDENT	1.0	Officer Director	$0	$0	$0
GINA CORRIERO	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
JOAN HOWARD	SECRETARY	1.0	Officer Director	$0	$0	$0
PEG HEETMANN	TREASURER	1.0	Officer Director	$0	$0	$0
MICHAEL BANK	DIRECTOR	1.0	Director	$0	$0	$0
ALICE GOTTLIEB	DIRECTOR	1.0	Director	$0	$0	$0
CATHERINE FILIATO	DIRECTOR	1.0	Director	$0	$0	$0
DAWN RINGES	DIRECTOR	1.0	Director	$0	$0	$0
LESLIE REITER	DIRECTOR	1.0	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	$333,152	$380,952	$359,207	$-47,800
2023	$335,734	$326,406	$346,906	$9,328
2022	$413,015	$250,723	$398,553	$162,292
2021	$236,990	$205,840	$432,466	$31,150
2020	$414,710	$457,803	$230,012	$-43,093