CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OLD TOWN SCHOOL OF FOLK MUSIC, founded in 1960, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $14.0M in total revenue in fiscal year 2024.
THE OLD TOWN SCHOOL OF FOLK MUSIC TEACHES AND CELEBRATES MUSIC AND CULTURAL EXPRESSIONS ROOTED IN THE TRADITIONS OF DIVERSE AMERICAN AND GLOBAL COMMUNITIES.
ART INSTRUCTION: OLD TOWN SCHOOL OF FOLK MUSIC IS THE LARGEST COMMUNITY MUSIC SCHOOL IN THE US, THE LARGEST EMPLOYER OF TEACHING ARTISTS AND AN INTERNATIONAL MODEL FOR COMMUNITY MUSIC AND MOVEMENT...
ART INSTRUCTION: OLD TOWN SCHOOL OF FOLK MUSIC IS THE LARGEST COMMUNITY MUSIC SCHOOL IN THE US, THE LARGEST EMPLOYER OF TEACHING ARTISTS AND AN INTERNATIONAL MODEL FOR COMMUNITY MUSIC AND MOVEMENT. ALL OF OLD TOWN SCHOOL OF FOLK MUSIC'S ACCREDITED INSTRUMENTAL DANCE, MUSIC AND ANCILLARY PROGRAMS ARE DESIGNED TO STIMULATE CREATIVITY AND COMMUNAL ARTS PARTICIPATION AMONG PEOPLE OF ALL AGES. WHILE CLASSES CONTINUE (AND WILL CONTINUE) TO BE OFFERED ONLINE, THE VAST MAJORITY OF STUDENTS ATTENDED IN PERSON CLASSES DURING 2024.REGISTRATION VOLUMES CONTINUE TO BUILD BACK TO PRE-PANDEMIC LEVELS FOR THE ADULT PROGRAMS; THE NUMBER OF REGISTRATIONS FOR 2024 WERE 15,296 OR 94% OF 2019 STUDENT VOLUME. THE CHILDREN'S PROGRAM IS TAKING LONGER TO REACH PRE PANDEMIC STUDENT NUMBERS; THE NUMBER OF REGISTRATIONS IN 2024 WAS 6,796, 61% OF 2019 VOLUMES. THE TOTAL NUMBER OF REGISTRATIONS FOR ALL GROUP CLASSES AND WORKSHOPS COMBINED WAS 25,647, 85% OF 2019 VOLUMES. A TOTAL OF 5,019 PRIVATE LESSONS WERE OFFERED, VS 6,543 IN 2019.
CONCERTS: OLD TOWN SCHOOL OF FOLK MUSIC IS A PROLIFIC CONCERT VENUE. EVENTS INCLUDE ON-SITE AND OFF-SITE CONCERTS FEATURING BIG NAME ACTS AND EMERGING ARTISTS IN STATE-OF-THE-ART FACILITIES. THE...
CONCERTS: OLD TOWN SCHOOL OF FOLK MUSIC IS A PROLIFIC CONCERT VENUE. EVENTS INCLUDE ON-SITE AND OFF-SITE CONCERTS FEATURING BIG NAME ACTS AND EMERGING ARTISTS IN STATE-OF-THE-ART FACILITIES. THE POPULAR WORLD MUSIC WEDNESDAY SERIES SHOWCASES INTERNATIONAL ARTISTS CO-PRODUCED WITH DOZENS OF COMMUNITY PARTNERS. THE SCHOOL PRESENTED A FULL SLATE OF CONCERTS IN 2024, PRESENTING A WIDE VARIETY OF ARTISTS; 43,439 PEOPLE ATTENDED 183 EVENTS.OUR ANNUAL SQUARE ROOTS FESTIVAL DREW AN ESTIMATED CROWD OF 40,465 AND FEATURED 50 DIFFERENT ARTISTS. THE SCHOOL ALSO PRODUCED AN EVENT AT CHICAGO'S MILLENIUM PARK, GLOBAL CARNIVAL. GLOBAL CARNIVAL WAS A DYNAMIC, IMMERSIVE PERFORMANCE EXPERIENCE THAT FEATURED A NUMBER OF INTERNATIONAL ARTISTS, AS WELL AS LOCAL GROUPS.
OUTREACH: OLD TOWN SCHOOL OF FOLK MUSIC SERVES THOUSANDS OF CHICAGO'S CHILDREN EACH YEAR, PROVIDING ARTS EDUCATION PROGRAMMING THROUGHOUT THE CITY. OLD TOWN SCHOOL ANNUALLY PROVIDES COMMUNITY-BASED...
OUTREACH: OLD TOWN SCHOOL OF FOLK MUSIC SERVES THOUSANDS OF CHICAGO'S CHILDREN EACH YEAR, PROVIDING ARTS EDUCATION PROGRAMMING THROUGHOUT THE CITY. OLD TOWN SCHOOL ANNUALLY PROVIDES COMMUNITY-BASED ARTS EDUCATION FOR THOUSANDS OF CHILDREN THROUGH ARTIST RESIDENCIES IN CPS SCHOOLS, CENTER-BASED EARLY CHILDHOOD MUSIC PROGRAMMING IN NORTH LAWNDALE AND ALBANY PARK, AND ROBUST FIELD TRIP AND FINANCIAL AID PROGRAMS. OUR MUSIC MOVES CHICAGO INITIATIVE CONNECTS NON-ARTS COMMUNITY PARTNERS LOCATED IN CHICAGO'S SOUTH SIDE AND WEST SIDE NEIGHBORHOODS WITH HIGH-QUALITY ARTS PROGRAMMING THAT BUILD ARTS CAPACITY, SKILL ACQUISITION IN MUSIC PERFORMANCE AND EQUITY THOUGH PERFORMANCE AND DISCOURSE RELATED TO LIBERATORY FUTURES, PERSONAL GROWTH, CURIOSITY AND IMAGINATION.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $13,967,599 | $14,028,278 | 0.0% |
| Expenses | $15,045,290 | $14,030,232 | +0.1% |
| Net Income | $-1,077,691 | $-1,954 | +550.5% |
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 |
|---|---|---|---|---|---|---|
| KATE TOMFORD | CHAIRMAN | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT D OSPALIK | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL WARNER | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KENNETH KAUFMAN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY BETH BERKOFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERNEST DAWKINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUISE FRANK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM HUNTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF JUDGE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GERALDINE KEEFE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTINA KELLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN KESSELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KISH KHEMANI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANA KOMAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| YOLANDA LAWLER | DIRECTOR (BEG. 7/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID LENTZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM MORAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC NORDNESS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE PHILLIPS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| OLIVER G PRINCE JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN PROCTOR | DIRECTOR (THRU 6/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE PRUSSIAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS P REGAN | DIRECTOR (THRU 6/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| CANDICE ROSEVEAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LORI SEAMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH BETSY M SOLARO | DIRECTOR (THRU 6/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES NEWCOMB | CEO (THRU 9/2024) | 40.00 |
Officer
|
$252,580 | $57,207 | $309,787 |
| WELZ KAUFFMAN | CEO (10/2024-11/2024) | 40.00 |
Officer
|
$101,020 | $1,137 | $102,157 |
| TROY ANDERSON | DIR. OF ED. (THRU 10/2024), CEO | 40.00 |
Officer
|
$182,194 | $414 | $182,608 |
| GAIL PRETE | CFO | 40.00 |
Officer
|
$118,512 | $10,210 | $128,722 |
| MARY JANE DREWS | DIR. OF INSTITUTIONAL ADVA | 40.00 |
Key Emp
|
$252,981 | $18,347 | $271,328 |
| TROY HANSBROUGH | SR DIRECTOR OF PROGRAMMING | 40.00 |
Highest
|
$135,110 | $19,569 | $154,679 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $13,967,599 | $15,045,290 | $26,666,761 | $-1,077,691 |
| 2023 | $14,028,278 | $14,030,232 | $26,984,307 | $-1,954 |
| 2022 | $14,379,785 | $12,123,604 | $26,848,548 | $2,256,181 |
| 2021 | $13,585,929 | $10,254,391 | $26,291,664 | $3,331,538 |
| 2020 | $10,641,260 | $9,504,125 | $22,895,606 | $1,137,135 |
| 2019 | $12,079,577 | $12,359,210 | $21,198,007 | $-279,633 |
| 2018 | $12,486,697 | $12,961,593 | $21,441,866 | $-474,896 |
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