Springfield, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMUNITY MUSIC SCHOOL OF SPRINGFIELD INC, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 15% operating deficit.
To provide an equitable and inclusive center of excellence in music education that empowers individuals, inspires creative passion, and promotes well-being in our greater community.
The organization provides private music lessons and a variety of classes and ensembles for all levels and ages of students. The organization also has music therapy instruction for children and adults...
The organization provides private music lessons and a variety of classes and ensembles for all levels and ages of students. The organization also has music therapy instruction for children and adults with developmental delays, special education students, and individuals diagnosed with autism, emotional issues or other needs. The organization participates in a music partnership program with area Public Schools. Sonido Musica aims to reduce high school drop-out rates through student engagement, leadership and performance opportunities.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,796,099 | $3,163,832 | -0.1% |
| Expenses | $3,217,149 | $3,068,338 | +0.0% |
| Net Income | $-421,050 | $95,494 | -5.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Eileen McCaffery | Exec. Director | 40.00 |
Officer
|
$70,000 | $0 | $70,000 |
| Joel Vengco | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Charles Beresford | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Susan Valania | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| George Arwady | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Jeanmarie Deliso | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Azell Cavaan | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Robyn A Newhouse | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Eric Lesser | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Jay Therrien | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Betsy Ward | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Janine Idelson | President | 5.00 |
Officer
|
$0 | $0 | $0 |
| Ellen W Freyman | Clerk | 5.00 |
Officer
|
$0 | $0 | $0 |
| Gregory Thomas | Treasurer | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,796,099 | $3,217,149 | $4,949,265 | $-421,050 |
| 2024 | $3,163,832 | $3,068,338 | $5,645,466 | $95,494 |
| 2023 | $2,544,962 | $3,043,069 | $5,210,410 | $-498,107 |
| 2022 | $4,175,399 | $2,389,115 | $5,695,619 | $1,786,284 |
| 2021 | $2,001,147 | $1,851,535 | $4,045,762 | $149,612 |
| 2020 | $2,199,699 | $2,099,967 | $3,849,901 | $99,732 |
| 2019 | $1,943,785 | $1,962,396 | $3,767,835 | $-18,611 |
| 2018 | $1,659,285 | $1,764,696 | $3,749,520 | $-105,411 |
Compare COMMUNITY MUSIC SCHOOL OF SPRINGFIELD INC with other nonprofits in Massachusetts and across the country.