COMMUNITY STRING PROJECT INC (EIN 270676956) - 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

2010

Legal Domicile

Principal Officer

PETER BODNER

Phone

4015001243

Tax Period

2023-07-01 to 2024-06-30

COMMUNITY STRING PROJECT INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $157K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $213K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE AFFORDABLE STRING INSTRUMENT LESSONS TO STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,373

Program Service Revenue $67,655

Investment Income $5,635

Other Revenue $33,274

TOTAL REVENUE $156,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,596

Fundraising Expenses $0

Program Expenses $193,605

Other Expenses $112,520

TOTAL EXPENSES $213,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,937	$210,518	-0.3%
Expenses	$213,116	$168,034	+0.3%
Net Income	$-56,179	$42,484	-2.3%

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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BODNER	PRESIDENT	4.00	Officer Director	$0	$0	$0
FRAN O'DONNELL	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
CHRISTINE MANCHESTER	SECRETARY	4.00	Officer Director	$0	$0	$0
JOANNE CAMARA	TREASURER	4.00	Officer Director	$0	$0	$0
MARY ALMEIDA	DIRECTOR	1.00	Director	$0	$0	$0
LAUREL CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE HAWKES	DIRECTOR	1.00	Director	$0	$0	$0
LOREN PALMER	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN STRADTMAN	DIRECTOR	1.00	Director	$0	$0	$0
LORNA TIERNAN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
GLENN WOLF	DIRECTOR	1.00	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	$156,937	$213,116	$151,246	$-56,179
2023	$210,518	$168,034	$196,492	$42,484
2022	$191,075	$157,091	$156,903	$33,984

COMMUNITY STRING PROJECT INC