STUDIO SCHOOL OF MUSIC (EIN 464916791) - 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

Jason Erby

Phone

9729577150

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $825,727

Program Service Revenue $24,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $849,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,000

Fundraising Expenses $0

Program Expenses $447,400

Other Expenses $69,400

TOTAL EXPENSES $447,400

Year-over-Year Comparison

	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%

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

100

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

$156,000

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

STUDIO SCHOOL OF MUSIC