DEDHAM SCHOOL OF MUSIC INCORPORATED (EIN 262755832) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Phone

7814419372

Tax Period

2024-07-01 to 2025-06-30

DEDHAM SCHOOL OF MUSIC INCORPORATED, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $342K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $327K left a modest 5% surplus.

Mission

DEDHAM SCHOOL OF MUSIC PROVIDES AN ENVIRONMENT FOR PEOPLE OF ALL AGES, ABILITIES, AND MEANS TO LEARN, PLAY, AND ENJOY MUSIC.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $158,966

Program Service Revenue $178,432

Investment Income $4,761

Other Revenue $292

TOTAL REVENUE $342,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,266

Fundraising Expenses $660

Program Expenses $270,737

Other Expenses $92,493

TOTAL EXPENSES $326,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,451	$245,799	+0.4%
Expenses	$326,759	$260,530	+0.3%
Net Income	$15,692	$-14,731	-2.1%

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

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

$72,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED WOFFORD	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL EMERY	BOARD MEMBER	6.00	Director	$0	$0	$0
MARCY MERRILL	TREASURER	6.00	Officer Director	$0	$0	$0
JOHN MONAHAN	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
MICHAEL BUTLER	BOARD MEMBER	6.00	Director	$0	$0	$0
SAM GILMAN	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
HEATHER KIRBY	BOARD MEMBER	6.00	Director	$0	$0	$0
JESSICA REECE	BOARD MEMBER	6.00	Director	$0	$0	$0
BRENDEN SMITH	SECRETARY	6.00	Officer Director	$0	$0	$0
TOMMY CHIU	BOARD MEMBER	6.00	Director	$0	$0	$0
DEEPAK KAPOOR	BOARD MEMBER	6.00	Director	$0	$0	$0
SALLY LEE	BOARD MEMBER	6.00	Director	$0	$0	$0
CHRIS STEWARD	BOARD MEMBER	6.00	Director	$0	$0	$0
DIANE WILCOX	BOARD MEMBER	6.00	Director	$0	$0	$0
LISA SEIBERT	BOARD MEMBER	6.00	Director	$0	$0	$0
JODY ANN PONGRATZ	EXECUTIVE DIRECTOR	30.00	Officer	$72,204	$0	$72,204

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	$342,451	$326,759	$95,540	$15,692
2024	No data	No data	No data	No data
2023	$245,685	$225,624	$90,117	$20,061
2022	$233,791	$175,204	$69,063	$58,587
2021	$195,487	$174,142	$43,347	$21,345
2020	$230,566	$250,432	$22,908	$-19,866
2019	$262,133	$269,095	$11,298	$-6,962
2018	$256,741	$264,161	$17,284	$-7,420

DEDHAM SCHOOL OF MUSIC INCORPORATED