FRIENDS OF SARAH MCLACHLAN SCHOOL OF MUSIC SOCIETY INC (EIN 460765231) - Form 990 Financial Analysis & Trantor Score

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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

2012

Principal Officer

DANIEL CLELAND

Phone

3154221500

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SARAH MCLACHLAN SCHOOL OF MUSIC SOCIETY INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $301K in total revenue in fiscal year 2024. Expenses of $575K exceeded revenue, resulting in a 91% operating deficit.

Mission

TO SUPPORT THE SARAH MCLACHLAN SCHOOL OF MUSIC SOCIETY (AN AFFILIATED ORGANIZATION) AND ITS AFFILIATED CHARITABLE ENTITIES, AND MEET THE NEEDS OF THE SCHOOL BY SUPPORTING THE ACTIVITIES AND OPERATIONS OF THE SCHOOL FOR THE AT-RISK YOUTH. THIS INCLUDES DEVELOPING A LIFELONG LOVE OF THE ARTS, PROVIDING MUSIC LESSONS, PROVIDING OPPORTUNITY TO STUDY WITH PROFESSIONAL MUSICIANS, AND PROVIDING STUDENTS WITH PERFORMANCE OPPORTUNITIES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $301,152

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $301,152

Expense Breakdown

Grants Paid $563,132

Salaries & Benefits $0

Fundraising Expenses $4,150

Program Expenses $563,132

Other Expenses $12,081

TOTAL EXPENSES $575,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,152	$294,250	+0.0%
Expenses	$575,213	$6,059	+93.9%
Net Income	$-274,061	$288,191	-2.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL M CLELAND	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GERO	PRESIDENT	0.50	Officer Director	$0	$0	$0
PAUL PREDMORE	SECRETARY	0.50	Officer 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	$301,152	$575,213	$42,908	$-274,061
2024	$294,250	$6,059	$316,969	$288,191
2019	$434,177	$191,108	$280,105	$243,069

FRIENDS OF SARAH MCLACHLAN SCHOOL OF MUSIC SOCIETY INC