Creative Music Foundation

EIN: 237390187 501(c)(3)

New York, NY

Total Revenue
$206,869
Total Expenses
$204,776
Total Assets
$18,314
Net Assets
$6,742
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
Gabby Fluke-Mogul
Phone
5615043219
Tax Period
2023-01-01 to 2023-12-31

Creative Music Foundation, founded in 1974, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

Creative Music Foundations pursues its mission through workshops, residencies, coaching, concert performances, recordings and archival projects in the USA and around the world.

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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 (2023)

Revenue Breakdown

Contributions & Grants $182,455
Program Service Revenue $24,409
Investment Income $5
Other Revenue $0
TOTAL REVENUE $206,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,929
Fundraising Expenses $39,203
Program Expenses $124,884
Other Expenses $81,847
TOTAL EXPENSES $204,776

Year-over-Year Comparison

2023 2022 Change
Revenue $206,869 $168,005 +0.2%
Expenses $204,776 $191,652 +0.1%
Net Income $2,093 $-23,647 -1.1%
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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
3

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
$78,510
Total Directors
9
$29,000
Key Employees
1
$78,510
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Martin President 45.00
Officer Key Emp Highest
$78,510 $0 $78,510
Karl Berger Director 3.00
Director
$7,150 $0 $7,150
Mitch Van Dusen Director 10.00
Director
$0 $0 $6,500
Ingrid Sertso Director 2.00
Director
$15,350 $0 $15,350
Mike Gassmann Director 5.00
Director
$0 $0 $0
Hollis Hedrick Director 3.00
Director
$0 $0 $0
Bill Horberg Director 3.00
Director
$0 $0 $0
Stuart Leigh Director 5.00
Director
$0 $0 $0
Ilene Marder Hinchey Director 1.00
Director
$0 $0 $0
Rick Maurer Director 3.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $206,869 $204,776 $18,314 $2,093
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