COMMUNITY MUSIC SCHOOL OF SPRINGFIELD INC (EIN 222501478) - 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

1983

Legal Domicile

Phone

4137328428

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

To make quality music instruction, participation, and exposure accessible and affordable to all children and adults in the greater Springfield area.

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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 $1,367,248

Program Service Revenue $1,074,360

Investment Income $287,477

Other Revenue $67,014

TOTAL REVENUE $2,796,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,330,468

Fundraising Expenses $180,427

Program Expenses $2,493,540

Other Expenses $886,681

TOTAL EXPENSES $3,217,149

Year-over-Year Comparison

	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%

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

115

Volunteers

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

COMMUNITY MUSIC SCHOOL OF SPRINGFIELD INC