ELLIS MARSALIS CENTER FOR MUSIC INC (EIN 204218706) - 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

2006

Legal Domicile

Principal Officer

ANN MARIE WILKINS

Phone

6173542736

Tax Period

2024-01-01 to 2024-12-31

ELLIS MARSALIS CENTER FOR MUSIC INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 77% operating deficit.

Mission

TO OVERSEE THE OPERATION OF A COMMUNITY CENTER/PERFORMANCE HALL/RECORDING STUDIO. THE CENTER BROADENS OPPORTUNITIES FOR UNDERSERVED CHILDREN, YOUTH AND MUSICIANS. THE CENTER PROVIDES A SAFE, POSITIVE ENVIRONMENT WHERE CHILDREN CAN DEVELOP MUSICALLY, ACADEMICALLY AND SOCIALLY. THE CENTER ALSO DELIVERS STRATEGIC ASSISTANCE AND TOOLS TO VILLAGE MUSICIANS THAT CAN ENHANCE THEIR PROFESSIONAL GROWTH AND OFFERS OPPORTUNITIES FOR MUSICIANS THROUGHOUT NEW ORLEANS.

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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 $1,281,683

Program Service Revenue $56,095

Investment Income $75,448

Other Revenue $256

TOTAL REVENUE $1,413,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,161,641

Fundraising Expenses $142,023

Program Expenses $2,168,711

Other Expenses $1,297,227

TOTAL EXPENSES $2,504,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,413,482	$1,701,507	-0.2%
Expenses	$2,504,191	$2,462,654	+0.0%
Net Income	$-1,090,709	$-761,147	+0.4%

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

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

101

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN MARIE WILKINS	CHAIRPERSON & PRESIDENT	10.00	Officer Director	$0	$0	$0
HARRY CONNICK JR	BOARD DIRECTOR	0.30	Director	$0	$0	$0
BRANFORD MARSALIS	BOARD DIRECTOR	0.30	Director	$0	$0	$0
TRACEY FREEMAN	BOARD DIRECTOR	3.00	Director	$0	$0	$0
W GARNER ROBINSON	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ANDREW R LEE	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL J SIEGEL	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JACK LEAHY	BOARD DIRECTOR	2.00	Director	$0	$0	$0
MARTHA MURPHY	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CELINE LEFEBVRE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
HAYLEY CROWN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
MARK A MAYER	BOARD DIRECTOR	2.00	Director	$0	$0	$0
GRETCHEN F CHASE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ANN CUIELLETTE-MARR	BOARD DIRECTOR	2.00	Director	$0	$0	$0
WAYNETTE DABNEY	EXECUTIVE DIRECTOR	40.00	Highest	$121,000	$11,796	$132,796
DARYL DICKERSON	DIRECTOR OF MUSIC	40.00	Highest	$115,374	$1,341	$116,715
MICHAEL TORREGANO	ASST MUSIC DIRECTOR	40.00	Highest	$103,254	$0	$103,254

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	$1,413,482	$2,504,191	$9,182,508	$-1,090,709
2023	$1,701,507	$2,462,654	$10,268,067	$-761,147
2022	$2,757,973	$2,166,000	$11,024,089	$591,973
2021	$1,543,651	$2,229,325	$10,484,961	$-685,674
2020	$1,824,146	$2,205,432	$10,995,036	$-381,286
2019	$1,233,940	$2,198,461	$11,057,537	$-964,521

ELLIS MARSALIS CENTER FOR MUSIC INC