WESTERHOFF SCHOOL OF MUSIC & ART INC

EIN: 223608221 501(c)(3) Education

METUCHEN, NJ

Total Revenue
$441,879
Total Expenses
$504,467
Total Assets
$524,358
Net Assets
$483,835
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Phone
7325488680
Tax Period
2024-01-01 to 2024-12-31

WESTERHOFF SCHOOL OF MUSIC & ART INC, founded in 1998, is a small nonprofit in the Education sector that reported $442K in total revenue in fiscal year 2024. Expenses of $504K exceeded revenue, resulting in a 14% operating deficit.

Mission

OUTREACH TO PUBLIC IN THE FIELD OF MUSIC AND ART

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $518
Program Service Revenue $368,559
Investment Income $72,802
Other Revenue $0
TOTAL REVENUE $441,879

Expense Breakdown

Grants Paid $25
Salaries & Benefits $436,397
Fundraising Expenses $0
Program Expenses $416,769
Other Expenses $68,045
TOTAL EXPENSES $504,467

Year-over-Year Comparison

2024 2023 Change
Revenue $441,879 $435,131 +0.0%
Expenses $504,467 $513,410 0.0%
Net Income $-62,588 $-78,279 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
22
Volunteers
N/A

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
1
$133,086
Total Directors
1
$0
Key Employees
1
$133,086
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HELGA WESTERHOFF FOUNDER 8.00
Director
$0 $0 $0
DAVID ISKOWITZ DIRECTOR 40.00
Officer Key Emp Highest
$133,086 $0 $133,086
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
2024 $441,879 $504,467 $524,358 $-62,588
2023 $435,131 $513,410 $555,843 $-78,279
2022 $348,499 $461,518 $624,701 $-113,019
2021 $574,593 $345,793 $686,196 $228,800
2021 $620,375 $411,195 $739,700 $209,180
2020 $420,627 $465,648 $613,527 $-45,021
2020 $347,502 $465,648 $540,402 $-118,146
2019 $465,015 $530,502 $575,882 $-65,487
2018 $522,956 $479,331 $588,420 $43,625
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WESTERHOFF SCHOOL OF MUSIC & ART INC with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.