ELLSWORTH, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ELLSWORTH COMMUNITY MUSIC INSTITUTE, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $38K, a strong 17% operating margin.
ECMI PROVIDES MUSIC INSTRUCTION AND PERFORMANCE OPPORTUNITIES FOR PEOPLE OF ALL AGES, MUSICAL ABILITIES, AND BACKGROUNDS. WE GIVE THE PUBLIC ACCESS TO HEAR, SEE, ENJOY AND CELEBRATE AS MEMBERS OF A CREATIVE COMMUNITY.
OUR MIDDAY CONCERT @ 1 SERIES CONTINUES TO BE A COMMUNITY FAVORITE WITH AN INTERGENERATIONAL AUDIENCE OF APPROXIMATELY 1,000 ATTENDEES IN 2024. ALL CONCERTS ARE PERFORMED BY PROFESSIONAL MUSICIANS...
OUR MIDDAY CONCERT @ 1 SERIES CONTINUES TO BE A COMMUNITY FAVORITE WITH AN INTERGENERATIONAL AUDIENCE OF APPROXIMATELY 1,000 ATTENDEES IN 2024. ALL CONCERTS ARE PERFORMED BY PROFESSIONAL MUSICIANS AND ARE COMPLETELY FREE FOR ALL ATTENDEES. FINANCIAL SUPPORT FROM THE CITY OF ELLSWORTH ALLOWED US TO KEEP THESE CONCERTS FREE OF CHARGE, AS WE HAVE DONE CONTINUALLY SINCE OUR FOUNDING.
ECMI STANDS OUT FOR ITS COMMITMENT TO EXCELLENCE AND INCLUSIVITY IN MUSIC EDUCATION. LESSONS ARE TAUGHT BY HIGHLY SKILLED PROFESSIONAL MUSICIANS DEVOTED TO FOSTERING MUSICAL DISCIPLINE FOR STUDENTS...
ECMI STANDS OUT FOR ITS COMMITMENT TO EXCELLENCE AND INCLUSIVITY IN MUSIC EDUCATION. LESSONS ARE TAUGHT BY HIGHLY SKILLED PROFESSIONAL MUSICIANS DEVOTED TO FOSTERING MUSICAL DISCIPLINE FOR STUDENTS OF ALL AGES AND EXPERIENCE. A BOARD-CERTIFIED MUSIC THERAPIST PROVIDES PERSONALIZED ADAPTIVE LESSONS TO STUDENTS WITH DIVERSE NEEDS. OUR COMMUNITY OUTREACH IS EXPANDING WITH OUR BELOVED INSTRUMENT PETTING ZOO PROGRAM. WE OFFER THIS PROGRAM IN COLLABORATION WITH LOCAL LIBRARIES AND IT GIVES CHILDREN AN OPPORTUNITY TO SEE, TOUCH AND HEAR INSTRUMENTS BEING PLAYED BY OUR FACULTY MEMBERS AND STUDENTS. THE PROGRAM IS EXPANDING AWARENESS OF OUR INCLUSIVE PROGRAMMING TO NEW DEMOGRAPHICS AND ALSO BUILDING NEW RELATIONSHIPS WITH NEIGHBORING COMMUNITIES.
WITH A GOAL OF SUSTAINING ECMI FOR THE NEXT DECADE AND BEYOND, WE SUCCESSFULLY LAUNCHED THE CRESCENDO CAMPAIGN. IN 2023 WE RAISED THE FUNDS NEEDED TO HIRE A PAID EXECUTIVE DIRECTOR WHO WAS HIRED IN...
WITH A GOAL OF SUSTAINING ECMI FOR THE NEXT DECADE AND BEYOND, WE SUCCESSFULLY LAUNCHED THE CRESCENDO CAMPAIGN. IN 2023 WE RAISED THE FUNDS NEEDED TO HIRE A PAID EXECUTIVE DIRECTOR WHO WAS HIRED IN JUNE OF 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $222,622 | $256,140 | -0.1% |
| Expenses | $184,984 | $156,420 | +0.2% |
| Net Income | $37,638 | $99,720 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NANCY COLTER | ARTISTIC DIR | 10.00 |
Director
|
$6,792 | $0 | $6,792 |
| JOANNA DOTTS ASKINS | DIRECTOR | 3.50 |
Director
|
$0 | $0 | $0 |
| MARIE DOYLE | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER GORMLEY | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| SANDRA HENDERSON | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAUREN KONCINSKY | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| VIVIAN PYLE | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELISSA ROCKWOOD | VICE PRESIDE | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| SEAN TODD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $222,622 | $184,984 | $172,957 | $37,638 |
| 2023 | $256,140 | $156,420 | $135,225 | $99,720 |
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