ROCKPORT MUSIC INC (EIN 222479696) - 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

1982

Legal Domicile

Principal Officer

JEANNETTE MCINTYRE

Phone

9785467391

Tax Period

2024-04-01 to 2025-03-31

ROCKPORT MUSIC INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2024. Expenses of $5.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO INSPIRE A LOVE AND UNDERSTANDING OF MUSIC.

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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 $2,750,314

Program Service Revenue $1,966,383

Investment Income $478,572

Other Revenue $16,214

TOTAL REVENUE $5,211,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,979,045

Fundraising Expenses $652,262

Program Expenses $4,549,153

Other Expenses $3,869,573

TOTAL EXPENSES $5,848,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,211,483	$4,909,746	+0.1%
Expenses	$5,848,618	$5,267,658	+0.1%
Net Income	$-637,135	$-357,912	+0.8%

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

151

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

$145,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY BEADLE	EXECUTIVE DIRECTOR THROUGH 5/28/24	40.00		$169,840	$6,967	$176,807
SUZANNE WILSON	PRESIDENT & CEO AS OF 7/1/24	40.00	Officer	$138,619	$7,074	$145,693
KAREN HERLITZ	DIRECTOR OF MARKETING	40.00	Highest	$127,420	$13,359	$140,779
LORI CORREALE	DIRECTOR OF DEVELOPMENT	40.00	Highest	$126,148	$26,079	$152,227
JEANNIE MCINTYRE	CHAIR	4.00	Officer Director	$0	$0	$0
EDWARD BECKER	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
SANDRA JESSE	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
PETER CALKINS	TREASURER	4.00	Officer Director	$0	$0	$0
LINDA WALKER	SECRETARY	4.00	Officer Director	$0	$0	$0
J ROBERT CASSADY MD	TRUSTEE	2.00	Director	$0	$0	$0
JIM COOPER	TRUSTEE	2.00	Director	$0	$0	$0
IAN CROWN	TRUSTEE	2.00	Director	$0	$0	$0
NINA DOGGETT	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS FLAHERTY	TRUSTEE	2.00	Director	$0	$0	$0
JERRY HAUSMAN	TRUSTEE	2.00	Director	$0	$0	$0
AMY HUBER	TRUSTEE	2.00	Director	$0	$0	$0
GREGG KVISTAD	TRUSTEE	2.00	Director	$0	$0	$0
HARRY LASKER	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA LAWRENCE	TRUSTEE	2.00	Director	$0	$0	$0
NED MORSE	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA THEISEN MORSS	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN PERRY	TRUSTEE	2.00	Director	$0	$0	$0
DOUG RICH	TRUSTEE	2.00	Director	$0	$0	$0
HILARY ROBINSON	TRUSTEE	2.00	Director	$0	$0	$0
DAVID W SCUDDER	TRUSTEE	2.00	Director	$0	$0	$0
LAURA STEVENS	TRUSTEE	2.00	Director	$0	$0	$0
NAOMI R STONBERG	TRUSTEE	2.00	Director	$0	$0	$0
WINAND VAN EEGHEN	TRUSTEE	2.00	Director	$0	$0	$0
DAN WATERS	TRUSTEE	2.00	Director	$0	$0	$0
PETER WERNAU	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA ZEIGLER	TRUSTEE	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	$5,211,483	$5,848,618	$33,403,265	$-637,135
2024	$4,909,746	$5,267,658	$33,452,312	$-357,912
2023	$2,459,031	$2,598,079	$31,355,599	$-139,048
2022	$5,770,125	$4,980,370	$31,175,312	$789,755
2021	$3,077,762	$2,846,514	$34,853,263	$231,248
2020	$3,720,672	$3,641,914	$31,791,427	$78,758
2019	$5,080,472	$4,927,006	$31,085,057	$153,466

ROCKPORT MUSIC INC