CRESCENDO ACADEMY OF MUSIC

EIN: 382787387 501(c)(3)

KALAMAZOO, MI

Total Revenue
$785,256
Total Expenses
$783,221
Total Assets
$636,752
Net Assets
$558,427
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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
1988
Legal Domicile
MI
Principal Officer
SARAH PRESSLEY
Phone
2693456664
Tax Period
2024-07-01 to 2025-06-30

CRESCENDO ACADEMY OF MUSIC, founded in 1988, is a small nonprofit that reported $785K in total revenue in fiscal year 2024.

Mission

TO PROVIDE MUSIC EDUCATION TO STUDENTS OF ALL AGES

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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 $219,899
Program Service Revenue $561,718
Investment Income $3,639
Other Revenue $0
TOTAL REVENUE $785,256

Expense Breakdown

Grants Paid $29,341
Salaries & Benefits $503,503
Fundraising Expenses $10,232
Program Expenses $578,704
Other Expenses $250,377
TOTAL EXPENSES $783,221

Year-over-Year Comparison

2024 2023 Change
Revenue $785,256 $747,031 +0.1%
Expenses $783,221 $747,110 +0.0%
Net Income $2,035 $-79 -26.8%
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
12
Independent Members
12
Employees
48
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH PRESSLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
LESLIE BARON VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MELISSA TALLON TREASURER 1.00
Officer Director
$0 $0 $0
BARBARA GRAHAM-PALMER SECRETARY 1.00
Officer Director
$0 $0 $0
GRETCHEN BONNEMA BOARD MEMBER 1.00
Director
$0 $0 $0
MARGIT VIZETHUM CHUI BOARD MEMBER 1.00
Director
$0 $0 $0
MARY KOTHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
J LUDEKER BOARD MEMBER 1.00
Director
$0 $0 $0
EBENEZER MUSOOKHO BOARD MEMBER 1.00
Director
$0 $0 $0
ARIEL PALAU BOARD MEMBER 1.00
Director
$0 $0 $0
GARRET JONES BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELA PENA BOARD MEMBER 1.00
Director
$0 $0 $0
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 $785,256 $783,221 $636,752 $2,035
2024 $747,031 $747,110 $576,750 $-79
2023 $673,258 $675,262 $559,837 $-2,004
2022 $667,178 $586,285 $519,421 $80,893
2021 $575,780 $525,003 $514,761 $50,777
2020 $617,582 $613,188 $458,732 $4,394
2019 $695,712 $673,816 $371,852 $21,896
2018 $674,130 $636,351 $347,900 $37,779
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