SUZUKI ORFF SCHOOL FOR YOUNG MUSICIANS

EIN: 363137564 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$899,847
Total Expenses
$888,339
Total Assets
$479,819
Net Assets
$232,818
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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
1981
Legal Domicile
IL
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

MUSIC INSTRUCTION FOR YOUNG CHILDREN

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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%)

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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
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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

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Governance

Voting Members
10
Independent Members
10
Employees
29
Volunteers
20

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
5
$121,876
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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