Richardson, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)STUDIO SCHOOL OF MUSIC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $850K in total revenue in fiscal year 2024. The organization ran a surplus of $402K, a strong 47% operating margin.
At The Studio School of Music, our mission is to inspire and empower individuals through the transformative power of music education. We believe that everyone deserves access to high-quality musical instruction, regardless of their background or financial circumstances. Our aim is to cultivate a vibrant and inclusive community where students of all ages can discover, develop, and express their musical talents, fostering a lifelong love and appreciation for music.
Music Education Services: The Studio School of Music provides comprehensive music education to students of all ages through individual lessons, group classes, and ensemble programs. Our professional...
Music Education Services: The Studio School of Music provides comprehensive music education to students of all ages through individual lessons, group classes, and ensemble programs. Our professional instructors offer instruction in various instruments including piano, guitar, voice, drums, and other musical instruments. The program serves over 75 students annually, providing high-quality musical instruction regardless of students' background or financial circumstances. Students develop musical skills, performance abilities, and lifelong appreciation for music. Many of our students have become self-sufficient musicians and music professionals. The program generates revenue through tuition and lesson fees, which directly support the organization's educational mission.
Management and Administrative Support for Music Programs: The organization's management and administrative staff provide essential support services that directly enhance the delivery of music...
Management and Administrative Support for Music Programs: The organization's management and administrative staff provide essential support services that directly enhance the delivery of music education programs. This includes program coordination, student enrollment management, scheduling of lessons and classes, maintenance of educational facilities and equipment, and oversight of educational quality standards. Staff members work to ensure optimal learning environments, coordinate student performances and recitals, and provide administrative support that enables instructors to focus on delivering high-quality music education. This administrative program component is essential to achieving the organization's educational mission and maintaining program excellence.
Fundraising and Community Engagement Programs: The organization conducts fundraising events and community engagement activities that directly support and enhance its music education mission. These...
Fundraising and Community Engagement Programs: The organization conducts fundraising events and community engagement activities that directly support and enhance its music education mission. These programs include the annual Feed the Need Gala and AYP (Annual Youth Program) events, which provide performance opportunities for students while raising funds to support educational programs. These events serve dual educational purposes by giving students real-world performance experience and community engagement opportunities while generating support for music education programs. Approximately 15% of staff time is dedicated to organizing these events, which create valuable learning experiences for students and strengthen community connections to music education.
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 | $849,727 | $844,401 | +0.0% |
| Expenses | $447,400 | $433,727 | +0.0% |
| Net Income | $402,327 | $410,674 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| Jason Erby | CEO | 40 |
Officer
|
$78,000 | $78,000 | $156,000 |
| Kelvin Harris | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Kathryn McNorton | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Jamie Kowlessar | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Michelle Okyere | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Jackie Amos | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Johnathan McNorton | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $849,727 | $447,400 | $1,574,841 | $402,327 |
| 2023 | $844,401 | $433,727 | $1,172,514 | $410,674 |
| 2022 | $794,401 | $415,452 | $787,913 | $378,949 |
| 2021 | $578,401 | $415,012 | $408,964 | $163,389 |
| 2020 | $422,717 | $410,172 | $245,574 | $12,545 |
| 2019 | $643,200 | $410,172 | $483,028 | $233,028 |
Compare STUDIO SCHOOL OF MUSIC with other nonprofits in Texas and across the country.