SUZUKI MUSIC SCHOOL OF WESTPORT INC (EIN 061498198) - 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

1997

Legal Domicile

Principal Officer

ALISTAIR SHAW

Phone

2032279474

Tax Period

2023-09-01 to 2024-08-31

SUZUKI MUSIC SCHOOL OF WESTPORT INC, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

OUR MISSION IS TO GUIDE STUDENTS TO ACQUIRE A LIFELONG LOVE OF MUSIC AND DEVELOP EXCELLENT MUSICAL SKILLS. WE PROVIDE A HIGH STANDARD OF MUSICAL EDUCATION USING THE SUZUKI METHOD, A METHOD THAT PROMOTES THE VALUES OF RESPECT, DISCIPLINE, PERSONAL CONFIDENCE, TEAMWORK AND A STRONG WORK ETHIC, WITHIN A NURTURING ENVIRONMENT THAT ENRICHES FAMILY BONDS.

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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 $172,457

Program Service Revenue $1,116,386

Investment Income $10,907

Other Revenue $-79,686

TOTAL REVENUE $1,220,064

Expense Breakdown

Grants Paid $17,580

Salaries & Benefits $867,680

Fundraising Expenses $67,180

Program Expenses $1,046,673

Other Expenses $474,373

TOTAL EXPENSES $1,359,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,220,064	$1,203,881	+0.0%
Expenses	$1,359,633	$1,247,562	+0.1%
Net Income	$-139,569	$-43,681	+2.2%

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

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

$119,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISTAIR SHAW	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA BYRNE MCGOVERN	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$0	$0
APARNA SRINVASAN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD MICHALEK	DIRECTOR/SECRETARY	2.00	Officer Director	$0	$0	$0
LISA BLAKE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$105,427	$14,400	$119,827

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	$1,220,064	$1,359,633	$1,777,444	$-139,569
2023	$1,203,881	$1,247,562	$1,774,506	$-43,681
2022	$1,487,483	$1,258,181	$1,017,069	$229,302
2021	$1,254,687	$1,201,124	$907,383	$53,563
2020	$1,340,642	$1,287,895	$849,277	$52,747
2019	$1,464,374	$1,322,858	$736,219	$141,516
2018	$1,358,678	$1,332,211	$670,299	$26,467

SUZUKI MUSIC SCHOOL OF WESTPORT INC