Musical Associates of Central New York (EIN 461080817) - 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

Legal Domicile

Principal Officer

Pamela Murchison

Phone

3152995598

Tax Period

2024-09-01 to 2025-08-31

Musical Associates of Central New York, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Expenses of $3.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

To engage and inspire communitymembers throughout Central New York through outstanding orchestraand ensemble performances, and innovative education andand outreach initiatives.

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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 $2,147,755

Program Service Revenue $858,090

Investment Income $71,084

Other Revenue $0

TOTAL REVENUE $3,076,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,757,639

Fundraising Expenses $234,521

Program Expenses $3,130,559

Other Expenses $1,125,028

TOTAL EXPENSES $3,882,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,076,929	$3,144,701	0.0%
Expenses	$3,882,667	$3,932,687	0.0%
Net Income	$-805,738	$-787,986	+0.0%

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

275

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

$95,000

Total Directors

$157,117

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martin Hewitt	President	2.00	Director	$0	$0	$0
Marcus Cerroni	VP & Treasurer	2.00	Director	$0	$0	$0
Jon Garland	Director & Musician	40.00	Director	$94,849	$0	$94,849
John Riley	Secretary	2.00	Director	$0	$0	$0
Kelly Covert	Special Events Manager & Musician	40.00	Director	$62,268	$0	$62,268
Pamela Murchison	Executive Director	40.00	Officer	$95,000	$0	$95,000

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	$3,076,929	$3,882,667	$1,594,378	$-805,738
2024	$3,144,701	$3,932,687	$2,343,431	$-787,986
2023	$2,772,846	$3,238,136	$3,079,952	$-465,290
2022	$4,180,183	$2,665,330	$3,413,784	$1,514,853
2021	$2,842,364	$1,715,361	$2,044,790	$1,127,003
2020	$2,474,742	$2,057,224	$809,888	$417,518
2019	$2,565,997	$2,172,880	$386,901	$393,117
2018	$2,337,237	$2,543,642	$306,132	$-206,405

Musical Associates of Central New York