THAMES VALLEY MUSIC SCHOOL INC

EIN: 061021061 501(c)(3) Arts, Culture & Humanities

NEW LONDON, CT

Total Revenue
$214,837
Total Expenses
$231,722
Total Assets
$571,485
Net Assets
$569,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CT
Principal Officer
CHRISTOPHER HAMMOND
Phone
8604392749
Tax Period
2023-09-01 to 2024-08-31

THAMES VALLEY MUSIC SCHOOL INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2023. Net assets of $569K represent 32 months of operating reserves.

Mission

THE THAMES VALLEY MUSIC SCHOOL IS A NON-PROFIT MUSIC SCHOOL LOCATED IN NEW LONDON, CONNECTICUT ESTABLISHED TO ENGAGE IN AND OTHERWISE PROMOTE FOR THE BENEFIT OF THE GENERAL PUBLIC LIVE PERFORMANCE OF HIGH QUALITY MUSIC; THE STUDY OF AND TO EDUCATE AND INSTRUCT THE PUBLIC IN FINE MUSIC; AND TO ENCOURAGE INTERESTED MEMBERS OF THE COMMUNITY AND TALENTED INDIVIDUALS TO BECOME INVOLVED AND PERFORM INDIVIDUALLY AND ENSEMBLE, HIGH QUALITY 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,892
Program Service Revenue $165,233
Investment Income $27,712
Other Revenue $0
TOTAL REVENUE $214,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,594
Fundraising Expenses $0
Program Expenses $189,575
Other Expenses $163,128
TOTAL EXPENSES $231,722

Year-over-Year Comparison

2023 2022 Change
Revenue $214,837 $217,279 0.0%
Expenses $231,722 $220,393 +0.1%
Net Income $-16,885 $-3,114 +4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
N/A

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
5
$63,729
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY GALLUP ADMIN. DIREC 40.00
Officer
$53,329 $10,400 $63,729
VICTORIA BOTHE VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ALEXANDRA FRENCH TRUSTEE 2.00
Director
$0 $0 $0
SUSAN GRAHAM TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER HAMMOND PRESIDENT 5.00
Officer Director
$0 $0 $0
SUZUKO KNOTT TRUSTEE 2.00
Director
$0 $0 $0
PERSEPHONE MARIEN TRUSTEE 2.00
Director
$0 $0 $0
AKIL PECK TRUSTEE 2.00
Director
$0 $0 $0
CONNIE READETTE SECRETARY 2.00
Officer Director
$0 $0 $0
DIPTI SHAH TREASURER 2.00
Officer Director
$0 $0 $0
BRETT TERRY TRUSTEE 2.00
Director
$0 $0 $0
LEAH THOMAS TRUSTEE 2.00
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
2024 $214,837 $231,722 $571,485 $-16,885
2023 $234,279 $220,393 $544,357 $13,886
2022 $218,798 $223,955 $534,246 $-5,157
2021 $374,274 $222,368 $624,961 $151,906
2020 $259,950 $254,654 $436,917 $5,296
2019 $367,100 $395,794 $401,668 $-28,694
2018 $502,961 $371,656 $426,343 $131,305
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