ELLSWORTH COMMUNITY MUSIC INSTITUTE (EIN 461827637) - 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

2013

Legal Domicile

Principal Officer

VIVIAN PYLE

Phone

2076649258

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $139,344

Program Service Revenue $83,183

Investment Income $95

Other Revenue $0

TOTAL REVENUE $222,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,996

Fundraising Expenses $32,730

Program Expenses $117,399

Other Expenses $45,988

TOTAL EXPENSES $184,984

Year-over-Year Comparison

	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%

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

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

$6,792

Key Employees

Highest Compensated

reported

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

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
2024	$222,622	$184,984	$172,957	$37,638
2023	$256,140	$156,420	$135,225	$99,720

ELLSWORTH COMMUNITY MUSIC INSTITUTE