SHELTER MUSIC BOSTON INC

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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

LAURA MCTAGGART

Phone

6176053415

Tax Period

2024-01-01 to 2024-12-31

SHELTER MUSIC BOSTON INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $230K in total revenue in fiscal year 2024. Expenses of $318K exceeded revenue, resulting in a 38% operating deficit.

Mission

SHELTER MUSIC BOSTON PRESENTS CLASSICAL CHAMBER MUSIC CONCERTS, OF THE HIGHEST ARTISTIC STANDARDS, IN HOMELESS SHELTERS AND OTHER SHELTERING ENVIRONMENTS. OUR GOAL IS TO PROMOTE COMMUNITY, CREATIVE INTERACTION, RESPECT, AND THERAPEUTIC BENEFIT. WE BELIEVE ALL PEOPLE DESERVE ACCESS TO THE DIGNITY, CREATIVITY, AND PASSION OF CLASSICAL MUSIC WHETHER OR NOT THEY HAVE A HOME.

Program Service Accomplishments

Program 1

Expenses: $165,004 Revenue: $1,151

SHELTER MUSIC BOSTON (SMB) DELIVERED 101 CONCERT PROGRAMS AND PRODUCED 3 CONCERT VIDEOS VIA OUR YOUTUBE CHANNEL IN 2024 ACROSS OUR PARTNER SITES. PROGRAM SITES INCLUDED CASPAR EMERGENCY SHELTER IN...

SHELTER MUSIC BOSTON (SMB) DELIVERED 101 CONCERT PROGRAMS AND PRODUCED 3 CONCERT VIDEOS VIA OUR YOUTUBE CHANNEL IN 2024 ACROSS OUR PARTNER SITES. PROGRAM SITES INCLUDED CASPAR EMERGENCY SHELTER IN CAMBRIDGE, HOMEOWNER'S REHAB INC. IN CAMBRIDGE, HOUSING FAMILIES IN MALDEN, PINE STREET INN'S STABILIZATION PROGRAM IN JAMAICA PLAIN, PROJECT PROMISE IN MATTAPAN, SONESTA HOTEL IN WOBURN, SOUTHAMPTON STREET SHELTER IN BOSTON, AND WOODS MULLEN SHELTER IN BOSTON - ALL IN MASSACHUSETTS FOR ADULTS AND CHILDREN IN NEED. SMB'S CHILDREN'S PROGRAM COLLABORATED WITH CACTUSHEAD PUPPETS, A TOURING PUPPET THEATRE, TO BRING OUR PUPPET PROJECT TO LIFE. THIS PROJECT WAS A SERIES OF FIVE WORKSHOPS FOR THE ENRICHED AFTERSCHOOL PROGRAM AT HOUSING FAMILIES INTRODUCING PUPPETRY, THE ROLE OF MUSIC IN PUPPETRY, CRAFTING PUPPETS, AND HAVING THE KIDS CREATE SKITS WITH THE PUPPETS INVOLVING EMOTIONS AND IMPORTANT TOPICS.THROUGH SURVEYS AFTER EVERY CONCERT, SMB HAS A TREASURE TROVE OF DOCUMENTATION OF THE POSITIVE IMPACT OF OUR PROGRAMS. BEFORE ONE CONCERT IN 2024 AT SOUTHAMPTON STREET SHELTER, A LISTENER TOLD US, "BEFORE THE CONCERT I WAS VERY BORED, WITH NO DESIRE TO DO ANYTHING." AFTER THE CONCERT, HOWEVER, "I FEEL RELIEVED, AND WITH AN IDEA OF THINGS TO DO."

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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 $228,601

Program Service Revenue $0

Investment Income $1,151

Other Revenue $0

TOTAL REVENUE $229,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,047

Fundraising Expenses $89,302

Program Expenses $165,004

Other Expenses $101,144

TOTAL EXPENSES $318,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,752	$221,059	+0.0%
Expenses	$318,191	$322,976	0.0%
Net Income	$-88,439	$-101,917	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE F LEVEN	DIRECTOR	1.00	Director	$0	$0	$0
MARY DEISSLER	DIRECTOR	1.00	Director	$0	$0	$0
PETER TOPORZYCKI	DIRECTOR	1.00	Director	$0	$0	$0
SEYCHELLE DUNN-CORBIN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WOOLWEAVER	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL DE DORA	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MCTAGGART	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL MCWILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA SIMPSON	CLERK	1.00	Officer Director	$0	$0	$0
CHIQUITA RICE	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	$229,752	$318,191	$230,663	$-88,439
2023	$221,059	$322,976	$324,495	$-101,917
2022	$212,800	$275,033	$421,743	$-62,233
2021	$429,793	$234,607	$479,014	$195,186
2020	$358,992	$178,390	$284,076	$180,602
2019	$257,891	$190,378	$150,782	$67,513