SOCIETY OF THE THIRD STREET MUSIC SCHOOL SETTLEMENT (EIN 135596825) - 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

1894

Legal Domicile

Principal Officer

VALERIE LEWIS

Phone

2127773240

Tax Period

2024-07-01 to 2025-06-30

SOCIETY OF THE THIRD STREET MUSIC SCHOOL SETTLEMENT, founded in 1894, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THIRD STREET MUSIC SCHOOL SETTLEMENT IS TO PROVIDE ACCESS TO MUSIC AND DANCE EDUCATION TO NEW YORKERS OF ALL AGES.

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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 $4,764,588

Program Service Revenue $6,467,963

Investment Income $729,239

Other Revenue $94,769

TOTAL REVENUE $12,056,559

Expense Breakdown

Grants Paid $1,279,094

Salaries & Benefits $7,741,026

Fundraising Expenses $785,288

Program Expenses $10,026,481

Other Expenses $2,898,550

TOTAL EXPENSES $11,918,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,056,559	$10,054,927	+0.2%
Expenses	$11,918,670	$11,232,180	+0.1%
Net Income	$137,889	$-1,177,253	-1.1%

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

209

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

$540,360

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER FLINT JR	CHAIR	1.00	Officer Director	$0	$0	$0
ANDREA DIPASQUALE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ARIEL FAUSTO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW L SPERLING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM LIVINGSTON IV	TREASURER	1.00	Officer Director	$0	$0	$0
STAN SAGNER	SECRETARY	1.00	Director	$0	$0	$0
BYRON BELL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA CHU	DIRECTOR	1.00	Director	$0	$0	$0
SYLVIA V DOOLEY	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE ELSTON TUNICK	DIRECTOR	1.00	Director	$0	$0	$0
BEAU EVERETT	DIRECTOR	1.00	Director	$0	$0	$0
MARTY FRIDSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HWANG	DIRECTOR	1.00	Director	$0	$0	$0
SHVETA KAKAR	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY MACCIARULO	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA M MIGLIACCIO	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
LINA NOEL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PERETZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON REED	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN ROSS	DIRECTOR	1.00	Director	$0	$0	$0
KARA SAXON	DIRECTOR	1.00	Director	$0	$0	$0
PETER FG SCHUUR	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
RACHNA SHAH	DIRECTOR	1.00	Director	$0	$0	$0
YOHANNA SOWLER	DIRECTOR	1.00	Director	$0	$0	$0
FELIPE TOEWS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA TRACY	DIRECTOR	1.00	Director	$0	$0	$0
DIANA WEGE	DIRECTOR	1.00	Director	$0	$0	$0
KANA YOSHIZAWA	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE LEWIS	EXECUTIVE DIRECTOR	35.00	Officer	$314,577	$12,308	$326,885
SEEROJNEE HENRY	DIRECTOR OF FINANCE & ADMINISTRATION	35.00	Officer	$206,520	$6,955	$213,475
LOYI MALU	DIRECTOR OF STUDENT SERVICES	35.00	Highest	$182,258	$9,736	$191,994
PATRICK PIERRE	DIRECTOR OF FACILITIES & OPERATIONS	35.00	Highest	$142,850	$7,581	$150,431
HANNAH MARGOLIES	DIRECTOR OF DEVELOPMENT	35.00	Highest	$132,073	$6,677	$138,750
BRANDON TESH	DIRECTOR OF MUSIC AND DANCE SCHOOL	35.00	Highest	$122,106	$7,881	$129,987
KRISTEN KENTNER	DIRECTOR OF MARKETING	35.00	Highest	$116,710	$0	$116,710

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	$12,056,559	$11,918,670	$25,430,381	$137,889
2024	$10,054,927	$11,232,180	$23,969,945	$-1,177,253
2023	$12,190,339	$10,387,933	$23,622,768	$1,802,406
2022	$10,995,495	$10,298,899	$20,136,475	$696,596
2021	$9,331,737	$9,044,791	$23,512,540	$286,946
2020	$9,233,067	$9,892,524	$20,539,086	$-659,457
2019	$9,318,214	$9,186,714	$21,513,281	$131,500
2018	$9,507,304	$8,254,633	$21,133,459	$1,252,671

SOCIETY OF THE THIRD STREET MUSIC SCHOOL SETTLEMENT