BERKSHIRE SUMMER MUSIC INC (EIN 464824442) - 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

2014

Legal Domicile

Principal Officer

KRISTEN KRAUSS

Phone

2128740279

Tax Period

2024-01-01 to 2024-12-31

BERKSHIRE SUMMER MUSIC INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $268K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

BERKSHIRE SUMMER MUSIC BRINGS SERIOUS MUSIC STUDENTS TO THE BERKSHIRES TO PROVIDE THEM WITH OUTSTANDING MUSICAL INSTRUCTION. WORKING SIDE BY SIDE WITH TOP TEACHERS AND PLAYERS, STUDENTS HONE THEIR SKILLS AS INSTRUMENTALISTS AND DEEPEN THEIR LOVE FOR MUSIC.

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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 $9,193

Program Service Revenue $259,291

Investment Income $0

Other Revenue $0

TOTAL REVENUE $268,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,694

Fundraising Expenses $0

Program Expenses $235,118

Other Expenses $137,344

TOTAL EXPENSES $274,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,484	$235,247	+0.1%
Expenses	$274,038	$254,288	+0.1%
Net Income	$-5,554	$-19,041	-0.7%

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

$54,000

Total Directors

$54,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN KRAUSS	PRESIDENT	25.00	Officer Director	$52,000	$0	$52,000
DAVID KRAUSS	TREASURER/CLERK	10.00	Officer Director	$2,000	$0	$2,000
ERENDIRA MATZUMURA	DIRECTOR	0.50	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	$268,484	$274,038	$5,268	$-5,554
2023	$235,247	$254,288	$14,474	$-19,041
2022	$212,769	$230,409	$29,865	$-17,640
2021	$256,547	$221,532	$47,505	$35,015
2020	$65,320	$54,955	$12,490	$10,365
2019	$208,294	$209,406	$2,125	$-1,112
2018	$216,697	$217,023	$3,237	$-326

BERKSHIRE SUMMER MUSIC INC