WILMINGTON, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE MUSIC SCHOOL OF DELAWARE INC, founded in 1924, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $3.3M exceeded revenue, resulting in a 10% operating deficit.
IT IS THE MISSION OF THE MUSIC SCHOOL OF DELAWARE TO PROVIDE EXCELLENCE IN MUSIC EDUCATION, TRAINING, AND EXPERIENCES FOR PEOPLE OF ALL AGES AND ABILITIES.
IN FY25, THE MUSIC SCHOOL OF DELAWARE SERVED YOUTH AND ADULT STUDENTS THROUGH OUR STATEWIDE ARRAY OF COMMUNITY MUSIC EDUCATION PROGRAMS, OFFERED AT EIGHT LOCATIONS IN URBAN, EXURBAN, AND RURAL...
IN FY25, THE MUSIC SCHOOL OF DELAWARE SERVED YOUTH AND ADULT STUDENTS THROUGH OUR STATEWIDE ARRAY OF COMMUNITY MUSIC EDUCATION PROGRAMS, OFFERED AT EIGHT LOCATIONS IN URBAN, EXURBAN, AND RURAL COMMUNITIES. WE ARE PROUD TO HAVE PROVIDED HIGH-QUALITY ONE-ON-ONE PERSONALIZED MUSIC INSTRUCTION THROUGH PRIVATE LESSONS; TO HAVE SUPPORTED STUDENTS IN DEVELOPING THEIR SKILLS AND CREATIVE EXPRESSION THROUGH ENSEMBLE PROGRAMS LIKE DELAWARE YOUTH SYMPHONY, CANTABILE WOMEN'S CHORALE, AND WILMINGTON COMMUNITY ORCHESTRA; AND THROUGH INTENSIVE AND FAMILY-FOCUSED MUSIC EDUCATION PROGRAMS LIKE MELODY (FREE MUSIC EDUCATION FOR UNDERSERVED WILMINGTON YOUTH), SUZUKI (RESEARCH-PROVEN YOUTH DEVELOPMENT PROGRAM), AND EARLY CHILDHOOD (SUPPORTING AGES SIX MONTHS TO FIVE YEARS IN MOTOR SKILL AND FAMILY BONDING THROUGH MUSIC EDUCATION). IN FY22, THE MUSIC SCHOOL RECEIVED A BEQUEST OF $10 MILLION TO ESTABLISH THE NORTHROP ENDOWED FUND FOR MUSIC EDUCATION. INCOME FROM THAT FUND CAN BE APPLIED ONLY TO CERTAIN SCHOLARSHIPS IN LIMITED AMOUNTS AND FOR NO MORE THAN TWO YEARS FOR ANY STUDENT, AND FOR ADMINISTRATIVE EXPENSES OF THE FUND, AND THE FUND'S PRINCIPAL CANNOT BE USED FOR OPERATING EXPENSES. ACCORDINGLY, THE TERMS OF THE BEQUEST SIGNIFICANTLY LIMIT THE EXTENT OF FINANCIAL BENEFIT TO THE MUSIC SCHOOL. IN 2025, THE MUSIC SCHOOL CELEBRATED A CENTURY OF PROVIDING MUSIC EDUCATION FOR OUR COMMUNITY.
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 | $2,955,501 | $2,828,609 | +0.0% |
| Expenses | $3,261,506 | $3,952,024 | -0.2% |
| Net Income | $-306,005 | $-1,123,415 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| LAWRENCE A HAMERMESH | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN BOOKER | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| ROBERT RINALDI | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN H SALVIN MD | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| CHRIS STOUT | BOARD CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE DITTMAR PHD | MEMBER EMERITUS | 5.00 |
Director
|
$0 | $0 | $0 |
| MARIE STEWART | DIRECTOR EMERITA | 5.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER CRESSWELL | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELYSE POINSETT | SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| NINA ANDERSON DNP | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| JOHN G DAY | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID L DEVOLL | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| KATHY NACHBAR | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH STOUT | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN BEAUDOIN | PRESIDENT AND CEO (THRU 10/24) | 50.00 |
Officer
|
$42,020 | $3,077 | $45,097 |
| TERESA AVERY | INTERIM CEO (EFF 11/24) | 40.00 |
Officer
|
$20,000 | $0 | $20,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,955,501 | $3,261,506 | $15,473,623 | $-306,005 |
| 2024 | No data | No data | No data | No data |
| 2023 | $2,629,552 | $3,612,122 | $14,411,363 | $-982,570 |
| 2022 | $12,233,069 | $3,056,619 | $14,353,950 | $9,176,450 |
| 2021 | $2,920,919 | $2,635,961 | $5,836,646 | $284,958 |
| 2020 | $2,429,628 | $2,689,314 | $5,130,918 | $-259,686 |
| 2019 | $2,751,685 | $2,616,138 | $5,027,753 | $135,547 |
Compare THE MUSIC SCHOOL OF DELAWARE INC with other nonprofits in Delaware and across the country.