MUSIC IN THE SOMERSET HILLS INC (EIN 273418121) - 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

JANINE MURTHA

Phone

9084073066

Tax Period

2024-08-01 to 2025-07-31

MUSIC IN THE SOMERSET HILLS INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $333K in total revenue in fiscal year 2024. Expenses of $309K left a modest 7% surplus.

Mission

PROVIDE MUSICAL EXPERIENCES OF THE HIGHEST QUALITY TO PEOPLE IN THE SOMERSET HILLS AREA.

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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 $230,741

Program Service Revenue $50,723

Investment Income $1,306

Other Revenue $50,127

TOTAL REVENUE $332,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,076

Fundraising Expenses $17,603

Program Expenses $236,544

Other Expenses $187,295

TOTAL EXPENSES $309,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,897	$318,720	+0.0%
Expenses	$309,371	$242,557	+0.3%
Net Income	$23,526	$76,163	-0.7%

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

$91,800

Total Directors

$91,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN SANDS	ARTISTIC DIRECTOR	40.00	Officer Director	$91,800	$0	$91,800
ERIC COLWELL	PRESIDENT	4.00	Officer Director	$0	$0	$0
JANINE MURTHA	TREASURER	1.00	Officer Director	$0	$0	$0
ERIN MISTELE	SECRETARY	1.00	Officer Director	$0	$0	$0
FERRILL ROLL	CHAIR OF FINANCE COMMITTEE	2.00	Officer Director	$0	$0	$0
PAMELA NARDONE	CHAIR OF EVENTS	4.00	Officer Director	$0	$0	$0
ROBERT SIMON	CHAIR OF PERSONNEL	2.00	Officer Director	$0	$0	$0
JOANNE BOREK	TRUSTEE	1.00	Director	$0	$0	$0
GLORIA CHU	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA FRENCH	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE A PANE	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN SANDS	TRUSTEE	1.00	Director	$0	$0	$0
JOAN SEIGLE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SOMERSET-WARD	TRUSTEE	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	$332,897	$309,371	$127,655	$23,526
2024	$318,720	$242,557	$110,186	$76,163
2023	$172,784	$204,609	$31,314	$-31,825
2022	$171,204	$204,587	$33,828	$-33,383
2021	$205,638	$208,005	$67,211	$-2,367
2020	$187,107	$193,804	$69,578	$-6,697
2018	$183,856	$161,091	$73,165	$22,765

MUSIC IN THE SOMERSET HILLS INC