NATIONAL ASSOC OF SCHOOLS OF MUSIC

EIN: 426063572 501(c)(3) Education

RESTON, VA

Total Revenue
$3,358,472
Total Expenses
$2,777,750
Total Assets
$14,662,121
Net Assets
$14,662,121
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
VA
Principal Officer
KAREN P MOYNAHAN
Phone
7034370700
Tax Period
2024-09-01 to 2025-08-31

NATIONAL ASSOC OF SCHOOLS OF MUSIC, founded in 1924, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $581K, a strong 17% operating margin.

Mission

DEVELOPING CLOSER RELATIONSHIPS AMONG SCHOOLS AND PROGRAMS OF MUSIC TO IMPROVE STANDARDS IN MUSIC EDUCATION AND TRAINING.

Program Service Accomplishments

Program 1
Expenses: $1,846,748 Revenue: $2,435,121

THE ASSOCIATION PROVIDES THE SERVICE OF SPECIALIZED ACCREDITATION TO INSTITUTIONS OF HIGHER EDUCATION OFFERING PROGRAMS IN MUSIC. THE ACCREDITATION PROCESS INCLUDES MAINTENANCE OF STANDARDS...

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THE ASSOCIATION PROVIDES THE SERVICE OF SPECIALIZED ACCREDITATION TO INSTITUTIONS OF HIGHER EDUCATION OFFERING PROGRAMS IN MUSIC. THE ACCREDITATION PROCESS INCLUDES MAINTENANCE OF STANDARDS, GUIDELINES AND PROCEDURES; MANAGEMENT OF REVIEWS BY PEERS; AND OVERSIGHT OF DECISION MAKING PROCESSES.

Program 2
Expenses: $250,239 Revenue: $159,832

SERVICES INCLUDE THE AVAILABILITY OF PUBLICATIONS, HOLDING OF ANNUAL MEETINGS, AVAILABILITY OF CONSULTATIVE REVIEW, AND TRAINING OF INDIVIDUALS. THE ASSOCIATION HAS 610 INSTITUTIONAL MEMBERS AND 7...

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SERVICES INCLUDE THE AVAILABILITY OF PUBLICATIONS, HOLDING OF ANNUAL MEETINGS, AVAILABILITY OF CONSULTATIVE REVIEW, AND TRAINING OF INDIVIDUALS. THE ASSOCIATION HAS 610 INSTITUTIONAL MEMBERS AND 7 INDIVIDUAL MEMBERS.

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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 $0
Program Service Revenue $2,594,953
Investment Income $763,519
Other Revenue $0
TOTAL REVENUE $3,358,472

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,635,190
Fundraising Expenses $0
Program Expenses $2,096,987
Other Expenses $1,142,560
TOTAL EXPENSES $2,777,750

Year-over-Year Comparison

2024 2023 Change
Revenue $3,358,472 $2,897,071 +0.2%
Expenses $2,777,750 $2,282,080 +0.2%
Net Income $580,722 $614,991 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
21
Employees
12
Volunteers
304

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
8
$441,796
Total Directors
22
$441,796
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN P MOYNAHAN EXECUTIVE DIRECTOR 40.00
Officer Director
$401,633 $40,163 $441,796
TAYLOE HARDING PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES B FORGER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HEATHER LANDES TREASURER 1.00
Officer Director
$0 $0 $0
TRACY COWDEN SECRETARY 1.00
Officer Director
$0 $0 $0
CYNTHIA BRIDGES CHAIR, COMM. ON CC ACCREDI 1.00
Officer Director
$0 $0 $0
DANIEL GOBLE ASSOC. CHAIR, COMMISION ON ACCRED 1.00
Officer Director
$0 $0 $0
H KEITH JACKSON CHAIR, COMMISSION ON ACCRE 1.00
Officer Director
$0 $0 $0
HILARY HARSTON PUBLIC MEMBER 1.00
Director
$0 $0 $0
LAUREN FRAMPTON PUBLIC MEMBER 1.00
Director
$0 $0 $0
ROBERT A HUDAK PUBLIC MEMBER 1.00
Director
$0 $0 $0
ANDREW GLENDENING DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN BRODY DIRECTOR 1.00
Director
$0 $0 $0
DUSTIN D SEIFERT DIRECTOR 1.00
Director
$0 $0 $0
JEAN NEWTON DIRECTOR 1.00
Director
$0 $0 $0
JEFF BRIGHT DIRECTOR 1.00
Director
$0 $0 $0
LAURA M MOORE DIRECTOR 1.00
Director
$0 $0 $0
LINDA APPLE MONSON DIRECTOR 1.00
Director
$0 $0 $0
MARGARET THIELE DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM MATHIS DIRECTOR 1.00
Director
$0 $0 $0
KAREN FANNIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL D WILDER IMMEDIATE PAST PRESIDENT 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 $3,358,472 $2,777,750 $14,662,121 $580,722
2024 No data No data No data No data
2023 $2,670,946 $2,631,508 $11,353,729 $39,438
2022 $2,621,395 $2,428,867 $10,537,122 $192,528
2021 $2,702,412 $2,242,519 $12,242,435 $459,893
2020 $2,436,092 $2,161,472 $9,952,722 $274,620
2019 $2,490,032 $2,039,982 $8,677,598 $450,050
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