BLOOMINGDALE SCHOOL OF MUSIC (EIN 132562192) - 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

1966

Legal Domicile

Principal Officer

ERIKA M ATKINS

Phone

2126636021

Tax Period

2024-07-01 to 2025-06-30

BLOOMINGDALE SCHOOL OF MUSIC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 5% surplus.

Mission

TO PROVIDE ACCESS TO HIGH-QUALITY MUSIC EDUCATION FOR ANYONE WHO SEEKS IT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,816,222

Program Service Revenue $1,807,341

Investment Income $24,640

Other Revenue $121,534

TOTAL REVENUE $3,769,737

Expense Breakdown

Grants Paid $288,000

Salaries & Benefits $2,584,737

Fundraising Expenses $336,016

Program Expenses $2,683,848

Other Expenses $668,264

TOTAL EXPENSES $3,571,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,769,737	$2,598,278	+0.5%
Expenses	$3,571,001	$3,336,265	+0.1%
Net Income	$198,736	$-737,987	-1.3%

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

$159,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN MICHAELS	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRADLEY KULMAN	VP/AUDIT CHAIR	1.00	Officer Director	$0	$0	$0
SHERRY GLIED	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIANA ZHANG	TREASURER	1.00	Officer Director	$0	$0	$0
JEAN MARIE DE VEAUX	ADVISORY COUNCIL	1.00	Director	$0	$0	$0
ANDREA GURAL	GOVERNANCE CO-CHAIR	1.00	Director	$0	$0	$0
PATRICE JEAN	GOVERNANCE CO-CHAIR	1.00	Director	$0	$0	$0
CATHERINE MCKENZIE	EVENT CHAIR	1.00	Director	$0	$0	$0
KRISTIN BOOTH GLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BURTON KASSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH PAUL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE CINTI	FACILITIES CHAIR	1.00	Director	$0	$0	$0
FENNEY KUO	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE AGARD	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH LEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY PHELPS	PROGRAMMING & OUTREACH CHAIR	1.00	Director	$0	$0	$0
JOE MANGRUM	STRATEGY AND CAPACITY CHAIR	1.00	Director	$0	$0	$0
MARGARET WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KOMAL TIRMAL	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNAH HART	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZY STEIN	BOARD MEMBER THRU 1/25	1.00	Director	$0	$0	$0
ERIKA M ATKINS	EXECUTIVE DIRECTOR	40.00	Officer	$146,538	$13,022	$159,560
BRANDON VAZQUEZ	SR. DIRECTOR OF OPERATIONS	40.00	Highest	$116,177	$4,329	$120,506

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	$3,769,737	$3,571,001	$2,404,760	$198,736
2024	$2,598,278	$3,336,265	$2,003,874	$-737,987
2023	$3,222,647	$2,888,335	$2,748,255	$334,312
2022	$3,008,035	$2,436,214	$2,315,743	$571,821
2021	$2,380,481	$2,114,543	$1,994,044	$265,938
2020	$2,475,814	$2,404,372	$1,650,136	$71,442
2019	$2,426,389	$2,280,265	$1,328,713	$146,124
2018	$2,180,774	$2,185,505	$1,168,461	$-4,731

BLOOMINGDALE SCHOOL OF MUSIC