PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SETTLEMENT MUSIC SCHOOL OF PHILADELPHIA, founded in 1908, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.6M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 23% operating margin.
SETTLEMENT MUSIC SCHOOL'S MISSION IS TO PROVIDE THE HIGHEST QUALITY INSTRUCTION IN MUSIC AND THE RELATED ARTS TO CHILDREN AND ADULTS, WITHOUT REGARD TO AGE, RACE OR FINANCIAL CIRCUMSTANCES. SETTLEMENT'S BROAD RANGE OF PROGRAMS, TAUGHT BY HIGHLY CREDENTIALED AND DEDICATED FACULTY, HELP STUDENTS OF ALL AGES ACHIEVE ARTISTIC, EDUCATIONAL, AND SOCIAL GOALS. SETTLEMENT OFFERS MORE THAN 11,000 WEEKLY SERVICES OF MUSIC AND ARTS INSTRUCTION IN MORE THAN 20 INSTRUMENTS, GROUP CLASSES, CHOIRS, CHAMBER GROUPS, JAZZ ENSEMBLES, ORCHESTRA, ARTS THERAPY, DANCE, AND CREATIVE MOVEMENT, BOTH ONSITE AND ONLINE AT FIVE COMMUNITY BRANCHES AND ONLINE, AND WITH MORE THAN 70 COMMUNITY PARTNERSHIPS. WE ARE LEADING THE NATION IN INCREASING ACCESS TO MUSIC EDUCATION AND PIONEERING TOOLS TO EDUCATE TOMORROW'S CHILDREN.
SETTLEMENT'S FINANCIAL AID PROGRAM IS THE VEHICLE THROUGH WHICH UNDERSERVED CHILDREN GAIN ACCESS TO THE SCHOOL'S PROGRAMS. THE SCHOOL ANNUALLY PROVIDES APPROXIMATELY $3 MILLION IN FINANCIAL AID AND...
SETTLEMENT'S FINANCIAL AID PROGRAM IS THE VEHICLE THROUGH WHICH UNDERSERVED CHILDREN GAIN ACCESS TO THE SCHOOL'S PROGRAMS. THE SCHOOL ANNUALLY PROVIDES APPROXIMATELY $3 MILLION IN FINANCIAL AID AND SCHOLARSHIPS ACROSS ALL PROGRAMS TO NEARLY 60% OF ITS STUDENTS. SETTLEMENT HAS BEEN SUCCESSFUL IN RECRUITING AND RETAINING CREDENTIALED AND EXPERIENCED FACULTY. THIS FACULTY PROVIDES 11,000 WEEKLY MUSIC AND ARTS RELATED PROGRAMS AND SERVICES TO ALL THE COMMUNITIES THAT THE SCHOOL SERVES, INCLUDING LOW-INCOME AND UNDERSERVED COMMUNITIES. SETTLEMENT EMPLOYS APPROXIMATELY 160 FACULTY, MAKING IT ONE OF THE LARGEST EMPLOYERS OF MUSIC EDUCATORS IN PENNSYLVANIA.
THE KALEIDOSCOPE PROGRAM USES THE ARTS TO PREPARE 114 LOW-INCOME PRESCHOOL STUDENTS FOR ACADEMIC SUCCESS. THE PROGRAM HAS A PROVEN RECORD OF SUCCESS, WITH PARTICIPANT'S SCHOOL READINESS SCORES THREE...
THE KALEIDOSCOPE PROGRAM USES THE ARTS TO PREPARE 114 LOW-INCOME PRESCHOOL STUDENTS FOR ACADEMIC SUCCESS. THE PROGRAM HAS A PROVEN RECORD OF SUCCESS, WITH PARTICIPANT'S SCHOOL READINESS SCORES THREE TIMES HIGHER THAN PEERS IN NON-ARTS ENRICHED PROGRAMS. 90% OF THE STUDENTS IN THE KALEIDOSCOPE PROGRAM QUALIFY FOR HEAD START FUNDING DUE TO FAMILY INCOME OR SPECIAL NEEDS AND ATTEND TUITION-FREE. THE INNOVATION AND QUALITY OF KALEIDOSCOPE HAS HELPED IT BECOME A NATIONAL MODEL OF ARTS-BASED PRESCHOOL EDUCATION.
SETTLEMENT'S MUSIC EDUCATION PATHWAYS PROGRAM IS AN AFTERSCHOOL PROGRAM AT EIGHT PHILADELPHIA SCHOOLS, IN OPERATION SINCE 2012, SERVING OVER 250 STUDENTS WITH OVER 130 HOURS OF ENSEMBLE AND GROUP...
SETTLEMENT'S MUSIC EDUCATION PATHWAYS PROGRAM IS AN AFTERSCHOOL PROGRAM AT EIGHT PHILADELPHIA SCHOOLS, IN OPERATION SINCE 2012, SERVING OVER 250 STUDENTS WITH OVER 130 HOURS OF ENSEMBLE AND GROUP LESSONS IN BAND, ORCHESTRA, AND CHOIR. RESEARCH HAS SHOWN STUDENTS LIVING IN POVERTY TO EXPERIENCE GAINS IN SOCIO-EMOTIONAL LEARNING WHILE ENGAGED IN THIS PROGRAM.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $18,638,348 | $13,493,210 | +0.4% |
| Expenses | $14,327,605 | $14,205,761 | +0.0% |
| Net Income | $4,310,743 | $-712,551 | -7.0% |
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 |
|---|---|---|---|---|---|---|
| HELEN EATON | CHIEF EXECUTIVE OFFICER | 65.00 |
Officer
|
$260,829 | $8,022 | $268,851 |
| PATRICK LEITER | CHIEF INFORMATION OFFICER | 55.00 |
Highest
|
$148,395 | $421 | $148,816 |
| AMELIA SCHMERTZ | CHIEF ADVANCEMENT OFFICER | 55.00 |
Highest
|
$129,700 | $3,034 | $132,734 |
| MEGAN LOOBY | CHIEF MARKETING & COMM. OFFICER | 40.00 |
Highest
|
$100,525 | $2,532 | $103,057 |
| LOLA ODUNSI | FORMER CFO (06/24-02/25) | 65.00 |
Officer
|
$78,325 | $4,345 | $82,670 |
| MICHAEL ARMENTO | CFO (AS OF 06/25) | 65.00 |
Officer
|
$0 | $0 | $0 |
| BRUCE LETO | CHAIR OF TRUSTEES | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANA BROWN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA MENIN | VICE PRESIDENT (WGB) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY BETH KRAMER | VICE PRESIDENT (KNE) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATE BRONSTEIN | VICE PRESIDENT (MLC) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GUISSOU DABIRI | VICE PRESIDENT (WFB) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEN WEINER | VICE PRESIDENT (GTN) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN CUNNINGHAM | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN PINHEIRO | ASSISTANT TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW EISENSTEIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID CONNOR | ASSISTANT SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN ALSHEFSKI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLEN S FRIEDELL | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| SUSAN GLEEKSMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN KLEIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY LEVINSOHN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY MARGOLIES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANCES MCNEAL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM RIESENBACH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN ROTHENBERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CRYSTLE ROYE-GILL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PHILIP N RUSSO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBIN SHAPIRO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOEL SMITH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE UTKUS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL VANCE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEANNINE WEBBER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM WHITTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $18,638,348 | $14,327,605 | $39,337,121 | $4,310,743 |
| 2024 | $13,493,210 | $14,205,761 | $34,209,025 | $-712,551 |
| 2024 | No data | No data | No data | No data |
| 2023 | $12,058,099 | $13,522,626 | $33,885,531 | $-1,464,527 |
| 2023 | $12,058,099 | $13,660,690 | $33,840,693 | $-1,602,591 |
| 2023 | $14,967,644 | $13,660,690 | $33,840,693 | $1,306,954 |
| 2022 | $11,287,219 | $12,363,384 | $32,561,525 | $-1,076,165 |
| 2022 | $11,287,219 | $12,363,384 | $32,561,525 | $-1,076,165 |
| 2021 | $14,057,233 | $11,288,053 | $34,802,698 | $2,769,180 |
| 2020 | $11,776,126 | $11,925,085 | $31,743,525 | $-148,959 |
| 2019 | $12,208,779 | $11,754,576 | $30,633,398 | $454,203 |
| 2018 | $10,993,387 | $11,576,522 | $31,050,386 | $-583,135 |
Compare SETTLEMENT MUSIC SCHOOL OF PHILADELPHIA with other nonprofits in Pennsylvania and across the country.