Wolfeboro, NH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WOLFEBORO FRIENDS OF MUSIC, founded in 1935, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2020. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 92% operating margin.
We sponsor concerts for the community with a mix of classical and popular music genres. We also educate students and promote music in local schools.
Concerts: Due to the Global Pandemic, we were unable to provide in-person concerts to the public. However, we presented 6 virtual concerts, representing a mix of classical and popular music genres...
Concerts: Due to the Global Pandemic, we were unable to provide in-person concerts to the public. However, we presented 6 virtual concerts, representing a mix of classical and popular music genres, that were customized for our local audience. In addition, we referred members of our community to virtual concerts with non-customized content. Because of stresses of the Global Pandemic, we decided to offer virtual concerts free of charge. We also decided not to seek advertising of sponsorship revenue from local businesses, which were also under stress. We were unable to track the number of people who viewed our virtual concerts either at the time originally offered or subsequently. We plan to return to providing in-person concerts to the public when it is safe to do so and when concert venues become available to us.
Education: The Global Pandemic forced us to curtail the majority of our education-related activities. However, we were able to assist students by paying for music lessons for 2 students, awarding...
Education: The Global Pandemic forced us to curtail the majority of our education-related activities. However, we were able to assist students by paying for music lessons for 2 students, awarding money to 2 high-school seniors for achievement in music programs and paying part of tuition for 1 student to attend music school. In each case, local schools schools nominated students for our consideration, two Board Members recommended students and awards, and the Board of Directors approved the recommendation. No students were related to Board Members.
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $228,727 | $81,546 | +1.8% |
| Expenses | $18,714 | $42,563 | -0.6% |
| Net Income | $210,013 | $38,983 | +4.4% |
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 |
|---|---|---|---|---|---|---|
| Jeff Smith | Board Member and Vice-President Development | 5 |
Officer
Director
|
$200 | $0 | $200 |
| Carl Crosley | President and Board Chair | 15 |
Officer
Director
|
$0 | $0 | $0 |
| Elizabeth McCrae | Board Member and Vice-President Artist Liaison | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Shirley Richardson | Board Member and Vice-President Programming | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Gregory Jonas | Board Member and Treasurer | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Lynne Slocum | Board Member and Board Secretary | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Kelly Barbarisi | Board Member | 3 |
Director
|
$0 | $0 | $0 |
| Anne Marie Bedford | Board Member | 3 |
Director
|
$0 | $0 | $0 |
| Claudia Bissett | Board Member | 3 |
Director
|
$0 | $0 | $0 |
| Eric Taussig | Board Member | 3 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $228,727 | $18,714 | $375,962 | $210,013 |
Compare WOLFEBORO FRIENDS OF MUSIC with other nonprofits in New Hampshire and across the country.