SUNSET PARK SCHOOL OF MUSIC INC

EIN: 112684169 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$51,900
Total Expenses
$46,050
Total Assets
$5,850
Net Assets
$5,850
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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
1985
Legal Domicile
NY
Principal Officer
Junya Kurita
Phone
9178253478
Tax Period
2020-07-01 to 2021-06-30

SUNSET PARK SCHOOL OF MUSIC INC, founded in 1985, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2020. Expenses of $46K left a modest 11% surplus.

Mission

Teaching of musical instruments, and providing access to music events/education to the community. Free public concerts in the Brooklyn community and throughout NYC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $29,400
Program Service Revenue $20,000
Investment Income $0
Other Revenue $2,500
TOTAL REVENUE $51,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $46,050
Other Expenses $46,050
TOTAL EXPENSES $46,050

Year-over-Year Comparison

2020 2019 Change
Revenue $51,900 N/A N/A
Expenses $46,050 N/A N/A
Net Income $5,850 $0 N/A
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
1
$0
Key Employees
1
$12,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Krassimira Ivantchev Assistant to director. Primary teacher 15
Key Emp
$12,000 $0 $12,000
Junya Kurtita Board President 10
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
2021 $51,900 $46,050 $5,850 $5,850
2018 $37,560 $38,750 $8,570 $-1,190
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