Colored Musicians Club of Buffalo New York Inc

EIN: 160703048 501(c)(3) Arts, Culture & Humanities

Buffalo, NY

Total Revenue
$4,307,138
Total Expenses
$249,034
Total Assets
$5,474,312
Net Assets
$4,737,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
NY
Principal Officer
George W Scott
Phone
7168559383
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $4,266,683
Program Service Revenue $24,148
Investment Income $737
Other Revenue $15,570
TOTAL REVENUE $4,307,138

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,996
Fundraising Expenses $885
Program Expenses $231,713
Other Expenses $199,038
TOTAL EXPENSES $249,034

Year-over-Year Comparison

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%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
3
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
4
$0
Total Directors
11
$800
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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
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