World Music Inc

EIN: 223036665 501(c)(3) Arts, Culture & Humanities

Cambridge, MA

Total Revenue
$2,867,522
Total Expenses
$2,478,898
Total Assets
$2,441,767
Net Assets
$2,126,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
Constance Chin
Phone
6178764275
Tax Period
2023-07-01 to 2024-06-30

World Music Inc, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 14% surplus.

Mission

The presentation of a multi-disciplinary and culturally diverse performing arts series that connects performing artists from many cultures and disciplines with the diverse communities of greater Boston.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,218,136
Program Service Revenue $1,604,096
Investment Income $90,525
Other Revenue $-45,235
TOTAL REVENUE $2,867,522

Expense Breakdown

Grants Paid $0
Salaries & Benefits $836,452
Fundraising Expenses $185,102
Program Expenses $2,104,125
Other Expenses $1,642,446
TOTAL EXPENSES $2,478,898

Year-over-Year Comparison

2023 2022 Change
Revenue $2,867,522 $2,346,727 +0.2%
Expenses $2,478,898 $2,268,688 +0.1%
Net Income $388,624 $78,039 +4.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
37
Volunteers
18

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
4
$550,359
Total Directors
12
$271,923
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maure Aronson Founder and Director of Ar 30.00
Officer Director
$225,547 $46,376 $271,923
Alan Geismer Board Member 1.00
Director
$0 $0 $0
Edith Joyce Treasurer 1.00
Officer Director
$0 $0 $0
Nagesh Mahanthappa President 1.00
Officer Director
$0 $0 $0
Eric Klotch Secretary 1.00
Director
$0 $0 $0
Andrea Itano Board Member 1.00
Director
$0 $0 $0
Purnima Thakre Board Member 1.00
Director
$0 $0 $0
Jean Appolon Board Member 1.00
Director
$0 $0 $0
Yusuf Abudi Board Member 1.00
Director
$0 $0 $0
Kendra Moore Board Member 1.00
Director
$0 $0 $0
Lisa Amaya Price Board Member 1.00
Director
$0 $0 $0
Rima Hyder Board Member 1.00
Director
$0 $0 $0
Constance Chin Chief Executive Officer 30.00
Officer
$229,768 $48,668 $278,436
Jennifer Fox Director of Marketing and Public Relations 40.00
Highest
$105,143 $19,122 $124,265
Catherine Ianno Director of Advancement 40.00
Highest
$109,487 $23,766 $133,253
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 $2,867,522 $2,478,898 $2,441,767 $388,624
2023 $2,346,727 $2,268,688 $2,180,590 $78,039
2022 $2,657,568 $1,866,284 $1,832,037 $791,284
2021 $959,768 $694,990 $1,052,825 $264,778
2020 $1,907,977 $2,146,814 $762,050 $-238,837
2019 $2,203,045 $2,292,295 $1,119,103 $-89,250
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