Center for Traditional Music and D… - Form 990 Financial Data

🔒

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

Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

Peter I Rushefsky

Phone

9173269659

Tax Period

2024-07-01 to 2025-06-30

Center for Traditional Music and Dance Inc, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.0M left a modest 3% surplus.

Mission

The Center for Traditional Music and Dance works in partnership with New York City immigrant communities to sustain diverse performing arts traditions and share them with the general public.

Program Service Accomplishments

Program 1

Expenses: $44,308 Revenue: $34,176

Implemented a mariachi education program.

Program 2

Expenses: $42,214 Revenue: $32,898

Implemented a Peruvian arts education program

Program 3

Expenses: $40,641 Revenue: $35,137

Implemented Colombian cultural programs.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $939,959

Program Service Revenue $122,062

Investment Income $68

Other Revenue $0

TOTAL REVENUE $1,062,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,097

Fundraising Expenses $47,461

Program Expenses $886,011

Other Expenses $733,027

TOTAL EXPENSES $1,030,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,062,089	$1,380,542	-0.2%
Expenses	$1,030,124	$1,370,756	-0.2%
Net Income	$31,965	$9,786	+2.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Rushefsky	Executive Director	40.00	Highest	$95,449	$0	$95,449

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	$1,062,089	$1,030,124	$1,218,880	$31,965
2024	$1,380,542	$1,370,756	$1,103,044	$9,786
2024	$1,143,504	$1,146,668	$1,397,901	$-3,164
2023	$1,102,696	$1,105,114	$1,319,796	$-2,418
2023	$1,258,219	$1,221,381	$1,461,127	$36,838
2022	$1,005,323	$1,004,439	$1,297,261	$884
2021	$1,063,431	$1,030,123	$1,218,880	$33,308

Center for Traditional Music and Dance Inc