KNICKERBOCKER MUSIC CENTER INC (EIN 471925449) - 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

MARK CONNOLLY

Phone

4013155070

Tax Period

2025-01-01 to 2025-12-31

KNICKERBOCKER MUSIC CENTER INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $769K in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. Expenses of $726K left a modest 6% surplus.

Mission

TO PRESERVE, CELEBRATE, CULTIVATE, AND GROW THE UNIQUE STYLE OF BLUES THAT WAS BORN IN WESTERLY, RHODE ISLAND, AND EXPAND ACCESS TO MUSIC OF ALL KINDS BY SERVING AS AN EXCITING REGIONAL PERFORMANCE VENUE AND AN EXCEPTIONAL CENTER FOR MUSIC EDUCATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $329,336

Program Service Revenue $429,268

Investment Income $0

Other Revenue $10,000

TOTAL REVENUE $768,604

Expense Breakdown

Grants Paid $1,054

Salaries & Benefits $242,660

Fundraising Expenses $0

Program Expenses $589,975

Other Expenses $482,455

TOTAL EXPENSES $726,169

Year-over-Year Comparison

	2025	2024	Change
Revenue	$768,604	$958,546	-0.2%
Expenses	$726,169	$957,300	-0.2%
Net Income	$42,435	$1,246	+33.1%

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

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

$95,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES M ROYCE	CHAIRMAN/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NICHOLAS C MOORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS J LIGOURI JR	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARK CONNOLLY	EXECUTIVE DIRECTOR	40.00	Officer	$95,541	$0	$95,541

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
2025	$768,604	$726,169	$40,508	$42,435
2024	$958,546	$957,300	$33,252	$1,246
2023	$927,831	$960,219	$37,213	$-32,388
2022	$612,105	$791,774	$48,090	$-179,669
2021	$654,496	$507,118	$201,676	$147,378
2020	$344,148	$289,791	$46,500	$54,357
2019	$721,577	$772,616	$25,566	$-51,039
2018	$830,779	$796,196	$53,753	$34,583

KNICKERBOCKER MUSIC CENTER INC