ORIGINAL MUSIC WORKSHOP INC (EIN 272974840) - 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

D KEVIN DOLAN

Phone

6467798455

Tax Period

2023-09-01 to 2024-08-31

ORIGINAL MUSIC WORKSHOP INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $4.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO DEVELOP A UNIQUE VENUE WHICH WILL PROVIDE COMPOSERS AND MUSICIANS ACROSS GENRES A HOME IN WHICH THEY CAN FLOURISH, A SETTING WHERE THEY ARE GIVEN SUPPORT AND CRITICAL RESOURCES ESSENTIAL TO CREATE, AND THEN SHARE, THEIR WORK.

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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 $2,607,973

Program Service Revenue $1,017,472

Investment Income $0

Other Revenue $266,563

TOTAL REVENUE $3,892,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,848,120

Fundraising Expenses $278,516

Program Expenses $3,214,451

Other Expenses $2,529,165

TOTAL EXPENSES $4,377,285

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,892,008	$11,983,427	-0.7%
Expenses	$4,377,285	$3,505,469	+0.2%
Net Income	$-485,277	$8,477,958	-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

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

$339,209

Total Directors

$158,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK D'AVINO	DIRECTOR/VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PETER ZUSPAN	DIRECTOR/SECRETARY	5.00	Officer Director	$0	$0	$0
D KEVIN DOLAN	DIRECTOR/CHAIR	10.00	Officer Director	$0	$0	$0
JILL STEINBERG	DIRECTOR/PRESIDENT	10.00	Officer Director	$0	$0	$0
CHARLES LETOURNEAU	DIRECTOR	1.00	Director	$0	$0	$0
PAOLA PRESTINI	DIRECTOR-ARTISTIC DIRECTOR	40.00	Officer Director	$140,385	$0	$140,385
ELIZABETH MADIGAN JOST	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WHITMAN	DIRECTOR	1.00	Director	$0	$0	$0
FABIEN MOREAU	DIRECTOR	1.00	Director	$0	$0	$0
CHINWE ESIMAI	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BREEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STEIN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WONG	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE ZLATKIN	DIRECTOR	1.00	Director	$0	$0	$0
ELENA PARK	DIRECTOR/CURATOR	1.00	Director	$18,000	$0	$18,000
EMMANUEL MORLET	DIRECTOR	1.00	Director	$0	$0	$0
SUE HERMANN	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA FENWICK-MOORE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
HELEN LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
TERESA TORO	DIRECTOR	1.00	Director	$0	$0	$0
XIAO MA	DIRECTOR	1.00	Director	$0	$0	$0
KATHIE CHOI	DIRECTOR	1.00	Director	$0	$0	$0
KIM CHAN	OFFICER/ADVANCEMENT	40.00	Officer	$86,943	$0	$86,943
KYLE DOLAN	OFFICER/FINANCE AND FACILI	40.00	Officer	$111,881	$0	$111,881

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
2024	$3,859,987	$4,300,133	$22,786,805	$-440,146
2024	$3,892,008	$4,377,285	$22,687,202	$-485,277
2023	$11,983,427	$3,505,469	$23,262,908	$8,477,958
2022	$3,688,614	$2,925,186	$4,538,070	$763,428
2021	$2,706,667	$2,297,963	$4,224,196	$408,704
2020	$4,505,282	$3,275,332	$4,154,949	$1,229,950
2020	$4,427,079	$3,275,332	$4,076,746	$1,151,747
2019	$5,038,808	$4,438,987	$2,874,392	$599,821
2018	$4,460,873	$3,718,167	$1,516,806	$742,706

ORIGINAL MUSIC WORKSHOP INC