COMMUNITY SCHOOL OF MUSIC & ARTS (EIN 160877976) - 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

1961

Legal Domicile

Principal Officer

MEGAN OMOHUNDRO

Phone

6072721474

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY SCHOOL OF MUSIC & ARTS, founded in 1961, is a small nonprofit in the Arts, Culture & Humanities sector that reported $400K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE QUALITY INSTRUCTION IN MUSIC AND THE ARTS, DEVELOPING AND OFFERING CULTURAL AND ARTISTIC PROGRAMS AND EVENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $174,785

Program Service Revenue $201,003

Investment Income $117

Other Revenue $24,272

TOTAL REVENUE $400,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,067

Fundraising Expenses $23,633

Program Expenses $322,166

Other Expenses $180,156

TOTAL EXPENSES $434,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,177	$247,707	+0.6%
Expenses	$434,623	$348,160	+0.2%
Net Income	$-34,446	$-100,453	-0.7%

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

Governance

Voting Members

Independent Members

Employees

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

$75,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN BAKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA BORG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID STINSON	TREASURER	1.00	Officer Director	$0	$0	$0
MAR PEREZ -THRU 102023	SECRETARY	1.00	Officer Director	$0	$0	$0
MANUELA AMZALLAG	TRUSTEE	1.00	Director	$0	$0	$0
FRANCISCO PALER-LARGE -	TRUSTEE	1.00	Director	$0	$0	$0
MIRIAM NUSSBAUM -	TRUSTEE	1.00	Director	$0	$0	$0
JACKIE BARRETT -	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN TROPPER-HERBEL -	EXECUTIVE DIRECTOR	40.00	Officer	$61,023	$0	$61,023
STEPHANIE L ANDRES -	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$14,000	$0	$14,000

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	No data	No data	No data	No data
2023	$400,177	$434,623	$1,073,181	$-34,446
2022	$247,707	$348,160	$1,136,265	$-100,453
2021	$326,886	$323,856	$1,104,285	$3,030
2020	$341,665	$342,794	$1,123,028	$-1,129
2019	$391,072	$439,106	$1,011,585	$-48,034
2018	$393,943	$393,005	$1,032,117	$938

COMMUNITY SCHOOL OF MUSIC & ARTS