BOSTON STRING ACADEMY INC (EIN 461423890) - 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

MARIELISA ALVAREZ

Phone

6177806728

Tax Period

2022-07-01 to 2023-06-30

BOSTON STRING ACADEMY INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $606K in total revenue in fiscal year 2022. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $147K, a strong 24% operating margin.

Mission

PROVIDE A VIBRANT AFTER SCHOOL STRING PROGRAM FOR INNER CITY YOUTHS. GIVING THEM THE NECESSARY SKILLS TO BUILD A STRONG FOUNDATION FOR THEIR MUSICAL GROWTH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $354,888

Program Service Revenue $251,311

Investment Income $0

Other Revenue $0

TOTAL REVENUE $606,199

Expense Breakdown

Grants Paid $58,535

Salaries & Benefits $0

Fundraising Expenses $16,107

Program Expenses $422,296

Other Expenses $395,815

TOTAL EXPENSES $459,575

Year-over-Year Comparison

	2022	2021	Change
Revenue	$606,199	$324,639	+0.9%
Expenses	$459,575	$340,195	+0.4%
Net Income	$146,624	$-15,556	-10.4%

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

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

$144,578

Total Directors

$144,578

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIELISA ALVAREZ	CO-EXECUTIVE	40.00	Officer Director	$72,459	$0	$72,459
MARIESTHER ALVAREZ	CO-EXECUTIVE	40.00	Officer Director	$72,119	$0	$72,119
GREGORY KARAS	TREASURER	1.00	Officer Director	$0	$0	$0
MARIA TARAJANO RODMAN	DIRECTOR	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$606,199	$459,575	$307,185	$146,624
2022	$324,639	$340,195	$144,537	$-15,556
2021	$343,817	$244,546	$155,909	$99,271
2020	$290,514	$278,675	$76,436	$11,839
2019	$270,731	$252,652	$41,832	$18,079

BOSTON STRING ACADEMY INC