OPUS 118 HARLEM SCHOOL OF MUSIC (EIN 133648982) - 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

1992

Legal Domicile

Principal Officer

BEDFORD BENTLY III

Phone

6468422775

Tax Period

2024-09-01 to 2025-08-31

OPUS 118 HARLEM SCHOOL OF MUSIC, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $440K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $379K left a modest 14% surplus.

Mission

TO ESTABLISH, OPERATE, CONDUCT, MAINTAIN AND PROMOTE PROGRAMS OFFERING INSTRUCTION IN THE PLAYING OF MUSICAL INSTRUMENTS.

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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 $319,777

Program Service Revenue $120,257

Investment Income $1

Other Revenue $0

TOTAL REVENUE $440,035

Expense Breakdown

Grants Paid $45,484

Salaries & Benefits $268,315

Fundraising Expenses $17,626

Program Expenses $260,828

Other Expenses $65,035

TOTAL EXPENSES $378,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$440,035	$326,970	+0.3%
Expenses	$378,834	$435,913	-0.1%
Net Income	$61,201	$-108,943	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY SOBEL	MEMBER	3.00	Director	$0	$0	$0
NAOMI SMITH	MEMBER	3.00	Director	$0	$0	$0
NICK TZAVARAS	MEMBER	3.00	Director	$0	$0	$0
BEDFORD BENTLY III	CHAIR	3.00	Officer	$0	$0	$0
JOSEPH ZILUCA	TREASURER	3.00	Officer	$0	$0	$0
JAIRUS STEED	SECRETARY	3.00	Officer	$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
2025	$440,035	$378,834	$80,328	$61,201
2024	$326,970	$419,560	$49,926	$-92,590
2023	$376,659	$384,103	$123,638	$-7,444
2023	$389,439	$384,103	$119,918	$5,336
2022	$361,648	$402,409	$193,503	$-40,761
2021	$347,065	$404,832	$239,871	$-57,767
2020	$517,014	$515,526	$291,102	$1,488
2019	$529,546	$521,064	$280,827	$8,482
2018	$529,097	$473,932	$262,522	$55,165

OPUS 118 HARLEM SCHOOL OF MUSIC