EDUCATION THROUGH MUSIC INC (EIN 133613210) - 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

1991

Legal Domicile

Principal Officer

JANICE WEINMAN

Phone

2129724788

Tax Period

2024-07-01 to 2025-06-30

EDUCATION THROUGH MUSIC INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 35% operating deficit.

Mission

ETM PARTNERS WITH UNDER-RESOURCED SCHOOLS TO PROVIDE MUSIC (CONTINUES ON SCHEDULE "O") AS A CORE SUBJECT FOR ALL CHILDREN, AND UTILIZES MUSIC EDUCATION AS A CATALYST TO IMPROVE ACADEMIC ACHIEVEMENT, MOTIVATION FOR SCHOOL AND SELF-CONFIDENCE.

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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 $2,485,211

Program Service Revenue $1,952,656

Investment Income $201,351

Other Revenue $1,255

TOTAL REVENUE $4,640,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,509,008

Fundraising Expenses $816,853

Program Expenses $4,924,087

Other Expenses $1,754,488

TOTAL EXPENSES $6,263,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,640,473	$7,596,133	-0.4%
Expenses	$6,263,496	$5,552,375	+0.1%
Net Income	$-1,623,023	$2,043,758	-1.8%

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

$585,652

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI STAMAS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT A WEISSTUCH	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ALY ALIBHAI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHERINE ELLIOTT	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS ATLAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD BERNSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
WALEED DIAB	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNIE DUTOIT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID EVANS	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIEL HERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH KERN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT LESCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH F MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
AMIE PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MEISHA PORTER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN RIGO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXIS ROSENBLUM	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHAEFER	BOARD MEMBER	1.00	Director	$0	$0	$0
CECIL SMART JR	BOARD MEMBER	1.00	Director	$0	$0	$0
GERARD SCHUMM	BOARD MEMBER	1.00	Director	$0	$0	$0
MANOJ SUSARLA	BOARD MEMBER	1.00	Director	$0	$0	$0
IGOR YASENOVETS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUNE WU	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE WEINMAN	CHIEF EXECUTIVE OFFICER	45.00	Officer	$296,800	$3,200	$300,000
RAINAH BERLOWITZ	SECRETARY/SR. DIR. FINANCE	45.00	Officer	$146,641	$6,465	$153,106
MIRANDA ALTMAN	CHIEF OPERATING OFFICER	45.00	Officer	$117,963	$14,583	$132,546
STEPANIE NANTELL	SENIOR DIR OF PROGRAMS	45.00	Highest	$130,275	$6,576	$136,851

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	$4,640,473	$6,263,496	$6,306,016	$-1,623,023
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,349,388	$5,217,570	$4,700,839	$-868,182
2022	$7,280,519	$4,001,868	$5,410,840	$3,278,651
2021	$4,504,496	$4,222,021	$3,082,173	$282,475
2020	$4,590,136	$6,094,667	$2,774,702	$-1,504,531
2019	$5,550,430	$5,706,899	$3,336,396	$-156,469
2018	$5,192,158	$5,410,134	$3,381,533	$-217,976

EDUCATION THROUGH MUSIC INC