MUSIC STUDIO OF WESTCHESTER INC

EIN: 133862522 501(c)(3)

MAMARONECK, NY

Total Revenue
$548,093
Total Expenses
$520,498
Total Assets
$263,284
Net Assets
$263,284
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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
1995
Legal Domicile
NY
Phone
9143812070
Tax Period
2024-09-01 to 2025-08-31

MUSIC STUDIO OF WESTCHESTER INC, founded in 1995, is a small nonprofit that reported $548K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $520K left a modest 5% surplus.

Mission

MUSIC SCHOOL FOR THE PROMOTION OF THE ART OF MUSIC

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $457,315
Investment Income $10,959
Other Revenue $79,819
TOTAL REVENUE $548,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $288,373
Fundraising Expenses $0
Program Expenses $418,004
Other Expenses $232,125
TOTAL EXPENSES $520,498

Year-over-Year Comparison

2024 2023 Change
Revenue $548,093 $466,549 +0.2%
Expenses $520,498 $476,805 +0.1%
Net Income $27,595 $-10,256 -3.7%
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
3
Independent Members
1
Employees
8
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
3
$171,934
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VLADIMIR BABADZHAM Secy/treas 40.00
Officer
$87,730 $0 $87,730
DOMINIQUE RIVIERE Pres/Exec Dir 40.00
Officer
$84,204 $0 $84,204
ESME BERG Vice President 5.00
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 $548,093 $520,498 $263,284 $27,595
2024 $466,549 $476,805 $235,689 $-10,256
2023 $471,228 $483,199 $245,945 $-11,971
2022 $523,526 $552,130 $259,920 $-28,604
2021 $431,506 $378,550 $288,068 $52,956
2020 $488,263 $441,395 $234,712 $46,868
2019 $544,639 $559,481 $187,238 $-14,842
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