Buffalo, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Colored Musicians Club of Buffalo New York Inc, founded in 1935, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 777% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 94% operating margin.
To develop and promote civic, social, recreational and physical wellbeing of its member. To improve, enhance the professional and economic status of its members, to stimulate its members to greater musical expression. To encourage and develop a fuller appreciation of music on the part of its members and the public.
To preserve and protect the building known as "The Colored Musicians Club" at 145 Broadway Street in Buffalo, New York, 14203 $1,601,986 in capital expenditures to purchase of 129-143 Broadway and...
To preserve and protect the building known as "The Colored Musicians Club" at 145 Broadway Street in Buffalo, New York, 14203 $1,601,986 in capital expenditures to purchase of 129-143 Broadway and $1,696,015 in capital expenditures for the historic rennovation of 145 Broadway
To foster and promote public knowledge and interest in local and national African American music history
To promote and encourage historical research, education, and preservation of the history of African American music in Buffalo, New York and globally.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,307,138 | $490,959 | +7.8% |
| Expenses | $249,034 | $270,378 | -0.1% |
| Net Income | $4,058,104 | $220,581 | +17.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| George W Scott | President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kevin Robinson | Vice President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Yvonne B Evans | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Linda Appleby | Secretary | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sabu Adeyola | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Linda Mack Freedman | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Allison DeHonney | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Roderick Bonner | Board Member | 1.00 |
Director
|
$800 | $0 | $800 |
| Catherine Roberts | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Craig Steiger | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Omar Overstreet | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,307,138 | $249,034 | $5,474,312 | $4,058,104 |
| 2024 | No data | No data | No data | No data |
| 2023 | $490,959 | $270,378 | $1,663,761 | $220,581 |
| 2022 | $561,455 | $185,281 | $1,509,451 | $376,174 |
| 2021 | $90,643 | $138,717 | $1,143,892 | $-48,074 |
| 2020 | $1,074,756 | $64,318 | $2,100,325 | $1,010,438 |
Compare Colored Musicians Club of Buffalo New York Inc with other nonprofits in New York and across the country.