OLD SONGS INC (EIN 222173973) - 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

Principal Officer

BARBARA BRUNDAGE

Phone

5187652815

Tax Period

2024-08-01 to 2025-07-31

OLD SONGS INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $479K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $76K, a strong 16% operating margin.

Mission

OLD SONGS INC., CENTERED IN THE NEW YORK STATE CAPITAL REGION, IS A NOT- FOR-PROFIT ORGANIZATION DEDICATED TO KEEPING TRADITIONAL MUSIC AND DANCE ALIVE THROUGH THE PRESENTATION OF FESTIVALS, CONCERTS, DANCES AND EDUCATIONAL PROGRAMS.

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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 $191,116

Program Service Revenue $272,033

Investment Income $15,881

Other Revenue $0

TOTAL REVENUE $479,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,617

Fundraising Expenses $21,110

Program Expenses $337,111

Other Expenses $303,963

TOTAL EXPENSES $402,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,030	$410,354	+0.2%
Expenses	$402,580	$380,604	+0.1%
Net Income	$76,450	$29,750	+1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE BLAIN	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA BRUNDAGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBRA BURGER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
WANDA FISCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM GLEASON	SECRETARY	2.00	Officer Director	$0	$0	$0
IAN HAMELIN	BOARD MEMBER	2.00	Director	$0	$0	$0
HOWARD JACK	BOARD MEMBER	2.00	Director	$0	$0	$0
MARYANN MORRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN OZARD	TREASURER	2.00	Officer Director	$0	$0	$0
THERESA SALO	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDITH SHEA	BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL TEUMIM	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE WARD	BOARD MEMBER	2.00	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
2025	$479,030	$402,580	$561,160	$76,450
2024	$410,354	$380,604	$477,614	$29,750
2023	$459,368	$356,938	$426,883	$102,430
2022	$378,531	$341,650	$316,039	$36,881
2021	$215,363	$172,315	$348,945	$43,048
2020	$352,651	$329,121	$290,115	$23,530

OLD SONGS INC