CONCORD COMMUNITY MUSIC SCHOOL (EIN 222552850) - 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

1984

Legal Domicile

Principal Officer

STEVE MURRAY

Phone

6032281196

Tax Period

2023-07-01 to 2024-06-30

CONCORD COMMUNITY MUSIC SCHOOL, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO FOSTER A SENSE OF COMMUNITY THROUGH MUSIC BY PROVIDING THE FULLEST POSSIBLE ARRAY OF MUSICAL EXPERIENCES FOR PEOPLE OF ALL AGES, MUSICAL ABILITIES, AND BACKGROUNDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $426,189

Program Service Revenue $974,504

Investment Income $1,996

Other Revenue $0

TOTAL REVENUE $1,402,689

Expense Breakdown

Grants Paid $121,863

Salaries & Benefits $1,093,302

Fundraising Expenses $65,267

Program Expenses $1,217,279

Other Expenses $377,148

TOTAL EXPENSES $1,592,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,402,689	$1,493,422	-0.1%
Expenses	$1,592,313	$1,529,389	+0.0%
Net Income	$-189,624	$-35,967	+4.3%

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

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

$113,685

Total Directors

$20,065

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BAIER	TRUSTEE	1.00	Director	$0	$0	$0
CARMINE TOMAS ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
CATHY YI	TRUSTEE	1.00	Director	$0	$0	$0
DOUG BECHTEL	TRUSTEE	1.00	Director	$0	$0	$0
EMILY PRESTON	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA FORREST	CLERK	1.00	Officer Director	$0	$0	$0
KAREN HICKS	TRUSTEE	1.00	Director	$0	$0	$0
KAREN JANTZEN	TRUSTEE	1.00	Director	$0	$0	$0
STEFANI BURK	FACULTY REPRESENTATIVE	20.00	Director	$20,065	$0	$20,065
STEVE MURRAY	TREASURER	1.00	Officer Director	$0	$0	$0
W CARL COOLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL ACSADI	EXECUTIVE DIRECTOR	40.00	Officer	$113,685	$0	$113,685

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	No data	No data	No data	No data
2024	$1,402,689	$1,592,313	$959,893	$-189,624
2023	$1,704,070	$1,529,389	$1,477,813	$174,681
2022	$1,590,338	$1,410,842	$1,380,856	$179,496
2021	$1,585,620	$1,308,666	$1,545,273	$276,954
2020	$1,389,797	$1,548,659	$1,564,023	$-158,862
2019	$1,375,468	$1,638,928	$1,686,732	$-263,460
2018	$2,081,557	$1,714,127	$1,956,164	$367,430

CONCORD COMMUNITY MUSIC SCHOOL