FRIENDS OF MUSIC OF STAMFORD N Y INC

EIN: 223256836 501(c)(3) Arts, Culture & Humanities

Stamford, NY

Total Revenue
$49,427
Total Expenses
$33,483
Total Assets
$81,476
Net Assets
$65,690
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NY
Principal Officer
Miriam Sharick
Phone
5189624095
Tax Period
2020-01-01 to 2020-12-31

FRIENDS OF MUSIC OF STAMFORD N Y INC, founded in 1987, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $49K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $16K, a strong 32% operating margin.

Mission

Organize and produce 9 affordably priced donation - no one would be turned away - musical concerts open to the public at Stamford United Methodist Church. Featuring classically trained musicians drawing audiences from local and surrounding towns and communities.

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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 (2020)

Revenue Breakdown

Contributions & Grants $48,074
Program Service Revenue $1,281
Investment Income $72
Other Revenue $0
TOTAL REVENUE $49,427

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,420
Fundraising Expenses $0
Program Expenses $29,909
Other Expenses $24,063
TOTAL EXPENSES $33,483

Year-over-Year Comparison

2020 2019 Change
Revenue $49,427 $59,195 -0.2%
Expenses $33,483 $50,838 -0.3%
Net Income $15,944 $8,357 +0.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$9,420
Total Directors
5
$9,420
Key Employees
4
$9,420
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dusanka Miscevic Artistic Director 9
Officer Director Key Emp
$4,820 $0 $4,820
Sara Evans Business Administrator & Treasurer 8
Officer Director Key Emp
$4,600 $0 $4,600
Miriam Sharick President/Recording Secretary 2
Officer Director Key Emp
$0 $0 $0
Marcella Gonzales Vice President 0.15
Officer Director
$0 $0 $0
Michael Kane Member at Large 0.15
Director
$0 $0 $0
Eva Lisa Kovalik Founder/Board Member 0.05
$0 $0 $0
Marianne Mukai Web Director 1
Key Emp
$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
2020 $49,427 $33,483 $81,476 $15,944
2019 $59,195 $50,838 $49,746 $8,357
2018 $56,107 $47,480 $42,416 $8,627
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