The People's Music School (EIN 510192597) - 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

1976

Legal Domicile

Principal Officer

Miriam Goldberg Owens

Phone

7737847032

Tax Period

2024-09-01 to 2025-08-31

The People's Music School, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $963K, a strong 23% operating margin.

Mission

To deliver high-quality, tuition free 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 (2024)

Revenue Breakdown

Contributions & Grants $3,958,913

Program Service Revenue $0

Investment Income $51,560

Other Revenue $158,440

TOTAL REVENUE $4,168,913

Expense Breakdown

Grants Paid $25,839

Salaries & Benefits $2,538,239

Fundraising Expenses $542,783

Program Expenses $2,400,577

Other Expenses $641,540

TOTAL EXPENSES $3,205,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,168,913	$2,881,972	+0.4%
Expenses	$3,205,618	$3,324,924	0.0%
Net Income	$963,295	$-442,952	-3.2%

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

106

Volunteers

800

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

$312,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Buck	President	2.00	Officer Director	$0	$0	$0
Steven Shaw	Vice President	2.00	Officer Director	$0	$0	$0
Peter Sheren	Treasurer- Left	2.00	Officer Director	$0	$0	$0
Julie Lopez	Secretary- Left	2.00	Officer Director	$0	$0	$0
Uma Chandrasekaran	Director	1.00	Director	$0	$0	$0
Kevin Dolan	Secretary	1.00	Director	$0	$0	$0
Ellen Feldman	Director	1.00	Director	$0	$0	$0
Gary Hart	Director	1.00	Director	$0	$0	$0
Kia Javanmardian	Director- Left	1.00	Director	$0	$0	$0
Carolyn Jaw	Director	1.00	Director	$0	$0	$0
Nalini Kotamraju	Director	1.00	Director	$0	$0	$0
Adam Lucas	Director	1.00	Director	$0	$0	$0
Stephanie Macakanja	Director- Left	1.00	Director	$0	$0	$0
Laura Sutphen	Director- Left	1.00	Director	$0	$0	$0
Cecy VanGetson	Director	1.00	Director	$0	$0	$0
Cici Zheng	Director	1.00	Director	$0	$0	$0
Juanna Blackwell	Director	1.00	Director	$0	$0	$0
Christie Crouch	Director	1.00	Director	$0	$0	$0
EJ Hunter	Director	1.00	Director	$0	$0	$0
Joe Idaszak	Director	1.00	Director	$0	$0	$0
Nancy Power	Director	1.00	Director	$0	$0	$0
Anthony Salazar	Director	1.00	Director	$0	$0	$0
Rob Whiteman	Director	1.00	Director	$0	$0	$0
Miriam Owens	President & CEO	40.00	Officer	$180,443	$7,717	$188,160
Kasia Johnson	Chief Financial Officer	40.00	Officer	$115,000	$9,104	$124,104
Natalie Butler	Chief Program Officer	40.00	Highest	$174,938	$10,487	$185,425
Marc Wilson	Chief of Strategy and Part	40.00	Highest	$135,035	$11,360	$146,395
Jennifer Riskind	Director of Development	40.00	Highest	$106,215	$10,011	$116,226

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	$4,168,913	$3,205,618	$5,108,795	$963,295
2024	$2,881,972	$3,324,924	$3,393,065	$-442,952
2023	$2,755,459	$3,247,810	$3,871,263	$-492,351
2022	$2,512,174	$3,714,082	$4,321,894	$-1,201,908
2021	$3,227,151	$2,864,602	$5,536,992	$362,549
2020	$1,847,958	$2,119,526	$5,382,649	$-271,568
2019	$2,840,138	$1,780,699	$5,300,682	$1,059,439
2018	$2,081,997	$1,461,333	$4,221,944	$620,664

The People's Music School