NEW YORK STATE SCHOOL MUSIC ASSOCIATION (EIN 111976465) - 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

1932

Legal Domicile

Principal Officer

DR DAVID A GAINES

Phone

5169977200

Tax Period

2022-01-01 to 2022-12-31

NEW YORK STATE SCHOOL MUSIC ASSOCIATION, founded in 1932, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ADVANCE MUSIC EDUCATION ACROSS NEW YORK STATE FOR ITS MEMBERSHIP AND STUDENTS IN MEMBER SCHOOL PROGRAMS

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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 (2022)

Revenue Breakdown

Contributions & Grants $754,136

Program Service Revenue $2,185,047

Investment Income $226,404

Other Revenue $0

TOTAL REVENUE $3,165,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $636,375

Fundraising Expenses $0

Program Expenses $3,121,148

Other Expenses $3,034,337

TOTAL EXPENSES $3,670,712

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,165,587	$2,432,452	+0.3%
Expenses	$3,670,712	$2,576,984	+0.4%
Net Income	$-505,125	$-144,532	+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

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

Key Employees

$187,680

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M BROWN	PAST PRESIDENT	10.00	Officer Director	$0	$0	$0
RUSS FAUNCE	PRESIDENT	10.00	Officer Director	$0	$0	$0
EDMUND A CHIARELLO	PRESIDENT ELECT	10.00	Officer Director	$0	$0	$0
KATHY PERCONTI	3RD VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
PAIGE HARDISON	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
SCOTT CANNAN	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
JENNIFER GREENE	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
WILLIAM A MCCOY	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
ASHLEY TRUDELL	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
JEANETTE WOODRUFF	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
GREGORY A VERHEYN	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
JULIE SMITH	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
LYNDA KEECH	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
SAMANTHA MCSHANE	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
KIMBERLY DUNKIN	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
SHELLY BAUER	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
RUTH BREIDENBACH	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
JAMES C UZZI	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
COLLIN SMITH	ZONE REPRESENTATIVE	5.000	Director	$0	$0	$0
EMMA URUBURU	COLLEGIATE PRESIDENT	5.000	Director	$0	$0	$0
DR DAVID A GAINES	EXECUTIVE DIRECTOR	40.00	Key Emp	$160,680	$27,000	$187,680
DARYLE REDMOND	3RD VICE PRESIDENT	10.00	Officer 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
2022	$3,165,587	$3,670,712	$5,335,324	$-505,125
2021	$2,432,452	$2,576,984	$6,535,424	$-144,532
2020	$1,086,078	$1,573,428	$6,476,372	$-487,350
2019	$3,856,445	$3,926,168	$6,685,973	$-69,723
2018	$4,173,407	$3,816,392	$6,446,106	$357,015

NEW YORK STATE SCHOOL MUSIC ASSOCIATION