SUZUKI ORFF SCHOOL FOR YOUNG MUSIC… - Form 990 Financial Data

🔒

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

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

PAULA ELLIOTT

Phone

3127382646

Tax Period

2024-01-01 to 2024-12-31

SUZUKI ORFF SCHOOL FOR YOUNG MUSICIANS, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $900K in total revenue in fiscal year 2024.

Mission

CHIME PROVIDES ACCESS TO EVIDENCE-BASED THERAPY AND ENGAGEMENT-BASED MUSIC PROGRAMS THAT DEVELOP CRITICAL SKILLS AND FOSTER SELF AND SOCIAL GROWTH.

Program Service Accomplishments

Program 1

Expenses: $734,003 Revenue: $559,922

CHIME DELIVERS ITS MISSION THROUGH MUSIC CLASSES, PRIVATE LESSONS, AND MUSIC THERAPY AT OUR WEST TOWN LOCATION AS WELL AS CLASSROOM MUSIC INSTRUCTION DURING AND AFTER SCHOOL AT CHICAGO AREA PARTNER SCHOOLS. EACH OF THE OFFERINGS FALLS UNDER ONE OF TWO MODELS: THE PERFORMANCE MODEL FOR NEUROTYPICAL CHILDREN AND THE THERAPEUTIC MODEL FOR DIVERSE LEARNERS AND CHILDREN WITH DISABILITIES. BOTH MODELS FOCUS ON MUSICAL ENGAGEMENT THROUGH HANDS-ON INSTRUMENTAL MUSIC-MAKING ACTIVITIES AND AN ANTI-BIAS REPERTOIRE AND IMPACT AROUND 3,300 STUDENTS WEEKLY. WE PRIORITIZE ACCESS TO ECONOMICALLY DISADVANTAGED CHILDREN AND DISABLED INDIVIDUALS WHO WOULD NOT HAVE ACCESS TO MUSIC WITHOUT OUR SERVICES. WE BELIEVE THAT EVERYONE SHOULD HAVE ACCESS TO CULTURALLY RESPONSIVE MUSIC PROGRAMS THAT PRIORITIZE BOTH THE JOY OF ACTIVE PARTICIPATION AND THE DEVELOPMENT OF LIFE SKILLS. OUR GOAL IS TO PROVIDE OPPORTUNITIES FOR STUDENTS TO TAP INTO THEIR CREATIVITY, EXPRESS THEMSELVES MUSICALLY, BE PART OF AN INCLUSIVE COMMUNITY, AND REACH THEIR TRUE POTENTIAL. WE AIM AT GIVING STUDENTS SUCCESSFUL MUSIC-MAKING EXPERIENCES THAT BRING THEM JOY, BUILD CHARACTER, AND DEVELOP SKILLS HELPFUL IN ALL AREAS OF THEIR LIVES. OUR VALUES OF ACCOUNTABILITY, RESPONSE-ABILITY, AND TEAMWORK ARE VISIBLE NOT ONLY IN HOW OUR STAFF WORKS, BUT ALSO IN THE CURRICULUM OF OUR PROGRAMS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $342,114

Program Service Revenue $559,922

Investment Income $0

Other Revenue $-2,189

TOTAL REVENUE $899,847

Expense Breakdown

Grants Paid $10,355

Salaries & Benefits $709,718

Fundraising Expenses $67,040

Program Expenses $734,003

Other Expenses $168,266

TOTAL EXPENSES $888,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$899,847	$876,527	+0.0%
Expenses	$888,339	$952,865	-0.1%
Net Income	$11,508	$-76,338	-1.2%

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

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

$121,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA ELLIOTT	PRESIDENT	6.00	Officer Director	$0	$0	$0
MICHAEL GARRITY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BENETT DIXON	TREASURER	3.00	Officer Director	$0	$0	$0
DIANA ALBERTS	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL OSTERMEIER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL REICHART	DIRECTOR	2.00	Director	$0	$0	$0
ROSITA SANDS	DIRECTOR	1.00	Director	$0	$0	$0
NORM SMITH	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD GRAY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SWICEGOOD	DIRECTOR	1.00	Director	$0	$0	$0
GOSIA BAGLEY	EXECUTIVE DIRECTOR	60.00	Officer	$117,399	$4,477	$121,876

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
2024	$899,847	$888,339	$479,819	$11,508
2023	$876,527	$952,865	$471,078	$-76,338
2022	$1,170,742	$1,013,075	$535,898	$157,667
2021	$1,030,627	$910,388	$442,454	$120,239
2020	$879,511	$1,059,855	$462,828	$-180,344
2019	$981,023	$917,407	$517,077	$63,616
2018	$947,478	$941,336	$450,612	$6,142

SUZUKI ORFF SCHOOL FOR YOUNG MUSICIANS