The Music Academy

EIN: 251150099 501(c)(3) Arts, Culture & Humanities

State College, PA

Total Revenue
$242,962
Total Expenses
$262,677
Total Assets
$69,853
Net Assets
$64,071
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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

Principal Officer
Caroline Stahl
Phone
8142383451
Tax Period
2023-09-01 to 2024-08-31

The Music Academy is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

Provides Music Instruction

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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 $1,925
Program Service Revenue $241,036
Investment Income $1
Other Revenue $0
TOTAL REVENUE $242,962

Expense Breakdown

Grants Paid $0
Salaries & Benefits $187,469
Fundraising Expenses $0
Program Expenses $214,411
Other Expenses $75,208
TOTAL EXPENSES $262,677

Year-over-Year Comparison

2023 2022 Change
Revenue $242,962 $278,717 -0.1%
Expenses $262,677 $316,535 -0.2%
Net Income $-19,715 $-37,818 -0.5%
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
4
Independent Members
N/A
Employees
23
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
0
$0
Total Directors
1
$32,984
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Caroline Stahl Director 30.00
Director
$32,984 $0 $32,984
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 $242,962 $262,677 $69,853 $-19,715
2023 $278,717 $316,535 $93,015 $-37,818
2022 $265,688 $289,458 $134,428 $-23,770
2020 $300,196 $264,001 $83,338 $36,195
2019 $257,518 $256,368 $7,071 $1,150
2018 $248,563 $237,740 $5,865 $10,823
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