The Musical Arts Association

EIN: 340714468 501(c)(3) Arts, Culture & Humanities

Cleveland, OH

Total Revenue
$78,823,318
Total Expenses
$72,359,344
Total Assets
$412,782,135
Net Assets
$346,955,558
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
OH
Principal Officer
Andre Gremillet
Phone
2162317300
Tax Period
2024-07-01 to 2025-06-30

The Musical Arts Association, founded in 1925, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $78.8M in total revenue in fiscal year 2024. Expenses of $72.4M left a modest 8% surplus.

Mission

The Cleveland Orchestra inspires and enriches lives by creating extraordinary musical experiences at the highest level of artistic excellence.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,030,353
Program Service Revenue $25,076,927
Investment Income $11,882,548
Other Revenue $-166,510
TOTAL REVENUE $78,823,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,057,542
Fundraising Expenses $4,216,263
Program Expenses $58,422,539
Other Expenses $29,194,323
TOTAL EXPENSES $72,359,344

Year-over-Year Comparison

2024 2023 Change
Revenue $78,823,318 $79,412,615 0.0%
Expenses $72,359,344 $71,767,644 +0.0%
Net Income $6,463,974 $7,644,971 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
65
Independent Members
65
Employees
688
Volunteers
1060

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
9
$1,720,591
Total Directors
70
$0
Key Employees
1
$374,595
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard K Smucker Chairman & Resident Trustee 13.00
Officer Director
$0 $0 $0
Dennis W LaBarre Immediate Past Chair & Resident Trustee 3.00
Officer Director
$0 $0 $0
Richard Kramer Vice Chair, Treasurer & Resident Trustee 3.00
Officer Director
$0 $0 $0
David J Hooker Secretary & Resident Trustee 3.00
Officer Director
$0 $0 $0
Beth E Mooney Treasurer until 11/24, Resident Trustee 3.00
Officer Director
$0 $0 $0
Hewitt B Shaw Secretary & Resident Trustee until 11/24 3.00
Officer Director
$0 $0 $0
Victor Alexander Resident Trustee 1.00
Director
$0 $0 $0
Robin Blossom Resident Trustee 1.00
Director
$0 $0 $0
Yuval Brisker Resident Trustee 1.00
Director
$0 $0 $0
Richard J Bogomolny Resident Trustee until 11/24 1.00
Director
$0 $0 $0
Helen Rankin Butler Resident Trustee 1.00
Director
$0 $0 $0
Nancy Slocum Callahan Resident Trustee 1.00
Director
$0 $0 $0
Irad Carmi Resident Trustee 1.00
Director
$0 $0 $0
Matthew V Crawford Resident Trustee 1.00
Director
$0 $0 $0
Dr Hiroyuki Fujita Resident Trustee 1.00
Director
$0 $0 $0
Michael Frank Resident Trustee 1.00
Director
$0 $0 $0
Robert Glick Resident Trustee 1.00
Director
$0 $0 $0
Arthur C Hall III Resident Trustee 1.00
Director
$0 $0 $0
Iris Harvie Resident Trustee 1.00
Director
$0 $0 $0
Dee Haslam Resident Trustee 1.00
Director
$0 $0 $0
Stephen H Hoffman Resident Trustee 1.00
Director
$0 $0 $0
Sarah Johnston Resident Trustee 1.00
Director
$0 $0 $0
Michelle Shan Jeschelnig Resident Trustee 1.00
Director
$0 $0 $0
Elizabeth B Juliano Resident Trustee 1.00
Director
$0 $0 $0
Nancy F Keithley Resident Trustee 1.00
Director
$0 $0 $0
Douglas A Kern Resident Trustee 1.00
Director
$0 $0 $0
John D Koch Jr Resident Trustee 1.00
Director
$0 $0 $0
Heather Lennox Resident Trustee 1.00
Director
$0 $0 $0
Cathy Lincoln Resident Trustee 1.00
Director
$0 $0 $0
Norma Lerner Resident Trustee until 11/24 1.00
Director
$0 $0 $0
Robert W Malone Resident Trustee 1.00
Director
$0 $0 $0
Milton S Maltz Resident Trustee until 11/24 1.00
Director
$0 $0 $0
Ben Mathews Resident Trustee 1.00
Director
$0 $0 $0
Nancy McCann Resident Trustee 1.00
Director
$0 $0 $0
Steven J McHale Resident Trustee 1.00
Director
$0 $0 $0
Scott C Mueller Resident Trustee 1.00
Director
$0 $0 $0
Thomas F McKee Resident Trustee until 11/24 1.00
Director
$0 $0 $0
Christine Myeroff Resident Trustee 1.00
Director
$0 $0 $0
Katherine T O'Neill Resident Trustee 1.00
Director
$0 $0 $0
Hyun Park Resident Trustee 1.00
Director
$0 $0 $0
Alfred M Rankin Jr Resident Trustee 1.00
Director
$0 $0 $0
Charles A Ratner Resident Trustee 1.00
Director
$0 $0 $0
Zoya Reyzis Resident Trustee 1.00
Director
$0 $0 $0
James C Spira Resident Trustee 1.00
Director
$0 $0 $0
R Thomas Stanton Resident Trustee 1.00
Director
$0 $0 $0
Richard Stovsky Resident Trustee 1.00
Director
$0 $0 $0
Dr Russell A Trusso Resident Trustee 1.00
Director
$0 $0 $0
Daniel P Walsh Resident Trustee 1.00
Director
$0 $0 $0
Thomas A Waltermire Resident Trustee 1.00
Director
$0 $0 $0
Jeffrey J Weaver Resident Trustee 1.00
Director
$0 $0 $0
Anya Weaving Resident Trustee 1.00
Director
$0 $0 $0
Meredith Smith Weil Resident Trustee 1.00
Director
$0 $0 $0
Paul E Westlake Jr Resident Trustee 1.00
Director
$0 $0 $0
David A Wolfort Resident Trustee 1.00
Director
$0 $0 $0
Anthony Wynshaw-Boris Resident Trustee 1.00
Director
$0 $0 $0
Wolfgang C Berndt International Trustee 1.00
Director
$0 $0 $0
Herbert Kloiber International Trustee 1.00
Director
$0 $0 $0
Virginia Nord Barbato National Trustee 1.00
Director
$0 $0 $0
Mary Jo Eaton National Trustee 1.00
Director
$0 $0 $0
Michael J Horvitz National Trustee 1.00
Director
$0 $0 $0
Thomas Lauria National Trustee 1.00
Director
$0 $0 $0
Loretta J Mester National Trustee 1.00
Director
$0 $0 $0
Benjamin Pyne National Trustee 1.00
Director
$0 $0 $0
Geraldine B Warner National Trustee 1.00
Director
$0 $0 $0
Tony White National Trustee 1.00
Director
$0 $0 $0
Todd Diacon Trustee Ex-Officio 1.00
Director
$0 $0 $0
Lisa Fedorovich Trustee Ex-Officio 1.00
Director
$0 $0 $0
Eric Kaler Trustee Ex-Officio 1.00
Director
$0 $0 $0
Judith E Matsko Trustee Ex-Officio 1.00
Director
$0 $0 $0
Beverly Schneider Trustee Ex-Officio 1.00
Director
$0 $0 $0
Andre Gremillet President & CEO 60.00
Officer
$1,080,869 $229,063 $1,309,932
James E Menger Asst. Treasurer, CFO 50.00
Officer
$294,718 $29,334 $324,052
Amy Egle Asst. Secretary & Executive Asst. 40.00
Officer
$83,582 $3,025 $86,607
Jane Hargraft CDO until 10/24 40.00
Key Emp
$331,261 $43,334 $374,595
David Radzynski Musician until 9/24 40.00
Highest
$333,026 $32,393 $365,419
Michael Sachs Musician 40.00
Highest
$315,098 $52,997 $368,095
Joshua Smith Musician 40.00
Highest
$309,054 $40,094 $349,148
Mark Kosower Musician 40.00
Highest
$306,082 $37,530 $343,612
Afendi Yusuf Musician 40.00
Highest
$352,300 $27,567 $379,867
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 $78,823,318 $72,359,344 $412,782,135 $6,463,974
2024 $79,412,615 $71,767,644 $390,655,885 $7,644,971
2023 $76,819,625 $66,565,856 $362,318,173 $10,253,769
2022 $62,138,155 $57,033,615 $327,213,396 $5,104,540
2021 $69,418,564 $41,880,215 $368,313,121 $27,538,349
2020 $54,210,898 $52,250,064 $284,635,926 $1,960,834
2019 $56,781,169 $57,988,415 $291,916,435 $-1,207,246
2018 $61,994,445 $57,048,912 $282,093,303 $4,945,533
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare The Musical Arts Association with other nonprofits in Ohio and across the country.