Hyattsville, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Ottley Music School Inc, founded in 1999, is a small nonprofit in the Education sector that reported $132K in total revenue in fiscal year 2022. Expenses of $154K exceeded revenue, resulting in a 17% operating deficit.
The school was established to offer music instruction to any person regardless of age, race, creed, national origin or musical goals who wishes to learn and perform music on a variety of musical instruments and/or to serve in the community. Students and teachers come from the entire Washington DC and Baltimore metropolitan area. During the pandemic, we have students and teachers all across the states as well.
Music instruction for all instruments, primarily piano. For the 2022-23 school year we had a total enrollment of 45 students which was less than the prior year. We did some community activities as...
Music instruction for all instruments, primarily piano. For the 2022-23 school year we had a total enrollment of 45 students which was less than the prior year. We did some community activities as the pandemic was ending providing musical talent to churches and nursing home community as well as working with CAAPA (Coalition for African Americans in the Performing Arts).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $131,991 | $128,729 | +0.0% |
| Expenses | $154,353 | $236,063 | -0.3% |
| Net Income | $-22,362 | $-107,334 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Nevilla E Ottley | Secretary/Principal | 15 |
Officer
|
$21,070 | $0 | $21,070 |
| Tyrone Short | Executive Director | 8 |
Officer
|
$0 | $0 | $0 |
| Rhonda F Bedell MBA CPA | Contract CFO | 10 |
Officer
|
$14,200 | $0 | $14,200 |
| Darien Claxton | Member | 1 |
Director
|
$0 | $0 | $0 |
| Jonathan Adjahoe | Member | 1 |
Director
|
$0 | $0 | $0 |
| Karen Simmons-Bethea | Member | 1 |
Director
|
$0 | $0 | $0 |
| Alis Adjahoe | Member | 1 |
Director
|
$0 | $0 | $0 |
| Sharon Johnson | Member | 1 |
Director
|
$0 | $0 | $0 |
| Cleavon Davis | Member | 1 |
Director
|
$0 | $0 | $0 |
| Jason Henderson | Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $131,991 | $154,353 | $99,482 | $-22,362 |
| 2022 | $128,729 | $236,063 | $112,280 | $-107,334 |
| 2021 | $125,767 | $221,376 | $70,191 | $-95,609 |
| 2020 | $115,323 | $148,333 | $110,314 | $-33,010 |
| 2019 | $168,430 | $139,417 | $71,220 | $29,013 |
| 2018 | $145,551 | $158,351 | $43,585 | $-12,800 |
Compare Ottley Music School Inc with other nonprofits in Maryland and across the country.