TROY SAVINGS BANK MUSIC HALL CORPORATION (EIN 222270512) - 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

1979

Legal Domicile

Principal Officer

JON ELBAUM

Phone

5182738945

Tax Period

2024-07-01 to 2025-06-30

TROY SAVINGS BANK MUSIC HALL CORPORATION, founded in 1979, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.0M, a strong 77% operating margin.

Mission

THE MISSION OF THE TROY SAVINGS BANK MUSIC HALL CORPORATION IS TO ENRICH THE COMMUNITY AND INSPIRE PASSION FOR THE CREATIVE ARTS BY FOSTERING DIVERSE, ENGAGING, INCLUSIVE, AND TRANSFORMATIVE CULTURAL EXPERIENCES THROUGH PERFORMANCES, COLLABORATION, COMMUNITY EVENTS, AND EDUCATION.

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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 $8,634,910

Program Service Revenue $1,289,354

Investment Income $123,528

Other Revenue $329,097

TOTAL REVENUE $10,376,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $809,541

Fundraising Expenses $50,716

Program Expenses $1,824,464

Other Expenses $1,552,947

TOTAL EXPENSES $2,362,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,376,889	$5,513,630	+0.9%
Expenses	$2,362,488	$3,333,148	-0.3%
Net Income	$8,014,401	$2,180,482	+2.7%

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

140

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

$207,698

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SAUER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DORI MCDANNOLD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE HOGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL FAHEY	TREASURER	1.00	Officer Director	$0	$0	$0
JULIA ALSARRAF	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
ALAN J GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
KARL MOSCHNER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY RIDER	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE CHEU	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
JON ELBAUM	EXECUTIVE DIRECTOR	40.00	Officer	$115,986	$0	$115,986
STACEY BRIDGE	MANAGING DIRECTOR	40.00	Officer	$91,712	$0	$91,712

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	$10,376,889	$2,362,488	$14,623,837	$8,014,401
2024	$5,513,630	$3,333,148	$5,109,334	$2,180,482
2023	$1,798,005	$2,182,741	$1,742,209	$-384,736
2022	$2,615,236	$2,011,314	$2,088,126	$603,922
2021	$1,041,385	$751,590	$1,628,375	$289,795
2020	$1,554,864	$1,601,453	$1,248,362	$-46,589
2019	$1,923,713	$1,669,172	$707,665	$254,541

TROY SAVINGS BANK MUSIC HALL CORPORATION