Claremont Community School of Music

EIN: 237230839 501(c)(3) Arts, Culture & Humanities

Claremont, CA

Total Revenue
$1,801,168
Total Expenses
$1,682,368
Total Assets
$969,202
Net Assets
$791,804
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CA
Principal Officer
Matthew Keating
Phone
9096243012
Tax Period
2024-09-01 to 2025-08-31

Claremont Community School of Music, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 7% surplus.

Mission

The mission of Claremont Community School of Music is to enrich the lives of individuals and the community through music; to provide outstanding instruction for amateur and aspiring professional musicians of all ages; to reach out to the community through diverse programs and public performances; to promote and nurture a lifelong passion for music; and most importantly to make music education available to all...one note at a time.

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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 (2024)

Revenue Breakdown

Contributions & Grants $171,585
Program Service Revenue $1,540,119
Investment Income $9,212
Other Revenue $80,252
TOTAL REVENUE $1,801,168

Expense Breakdown

Grants Paid $22,297
Salaries & Benefits $1,159,262
Fundraising Expenses $0
Program Expenses $1,217,517
Other Expenses $500,809
TOTAL EXPENSES $1,682,368

Year-over-Year Comparison

2024 2023 Change
Revenue $1,801,168 $1,636,504 +0.1%
Expenses $1,682,368 $1,544,795 +0.1%
Net Income $118,800 $91,709 +0.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
71
Volunteers
15

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
$0
Total Directors
11
$123,914
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Keating Executive Dir. 40.00
Director
$123,914 $0 $123,914
Lee Waggener President 2.00
Officer Director
$0 $0 $0
Stuart M Davis Vice President 2.00
Officer Director
$0 $0 $0
Win Aldrich Secretary 3.00
Officer Director
$0 $0 $0
David Sawhill Treasurer 3.00
Officer Director
$0 $0 $0
Carol Hersch Development 4.00
Director
$0 $0 $0
John Burdett Director 1.00
Director
$0 $0 $0
Sandra Lee Director 1.00
Director
$0 $0 $0
Gabe Petrocelli Director 1.00
Director
$0 $0 $0
Su-San Yio Director 1.00
Director
$0 $0 $0
Mark MacKenzie Director 0.00
Director
$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
2025 $1,801,168 $1,682,368 $969,202 $118,800
2024 $1,636,504 $1,544,795 $818,653 $91,709
2023 $1,472,528 $1,407,708 $745,042 $64,820
2022 $1,260,118 $1,226,214 $591,718 $33,904
2021 $1,051,699 $1,054,500 $555,743 $-2,801
2020 $1,228,165 $1,143,003 $524,509 $85,162
2019 $1,082,023 $1,072,564 $386,568 $9,459
2018 $1,059,966 $1,075,338 $366,906 $-15,372
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