CENTER OF MUSICAL STUDIES INC

EIN: 521962698 501(c)(3) Arts, Culture & Humanities

SILVER SPRING, MD

Total Revenue
$615,659
Total Expenses
$609,359
Total Assets
$202,115
Net Assets
$201,627
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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
1997
Legal Domicile
MD
Principal Officer
Alexander Katsnelson
Phone
3015877848
Tax Period
2023-01-01 to 2023-12-31

CENTER OF MUSICAL STUDIES INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $616K in total revenue in fiscal year 2023.

Mission

TO IMPROVE MUSICAL EDUCATION AND SUPPORT SCIENTIFIC RESEARCH RELATED TO MUSIC AND THE PERFORMING ARTS BY HELPING MUSICIANS AND PERFORMERS DEVELOP THEIR CAREERS AND PROTECT THEIR HEALTH.

Program Service Accomplishments

Program 1
Expenses: $516,094 Revenue: $573,077

ACMF FESTIVAL: ORGANIZES AND CONDUCTS ANNUAL SUMMER MUSIC FESTIVAL AND INSTITUTE IN ITALY. INSTITUTE CONSISTS OF INTENSIVE STUDY SESSION WHERE STUDENTS REGISTER AND PAY TUITION TO RECEIVE PRIVATE...

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ACMF FESTIVAL: ORGANIZES AND CONDUCTS ANNUAL SUMMER MUSIC FESTIVAL AND INSTITUTE IN ITALY. INSTITUTE CONSISTS OF INTENSIVE STUDY SESSION WHERE STUDENTS REGISTER AND PAY TUITION TO RECEIVE PRIVATE INSTRUCTION IN A FULL-IMMERSION FORMAT WHILE AT THE SAME TIME PARTICIPATING IN GROUP WORKSHOPS AND MASTER CLASSES. THE FESTIVAL HAS TAKEN PLACE EVERY YEAR SINCE 1997, WITH THE EXCEPTION OF 2020 AND 2021 WHEN THE COVID PANDEMIC FORCED CANCELLATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,860
Program Service Revenue $573,077
Investment Income $40,722
Other Revenue $0
TOTAL REVENUE $615,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $148,021
Fundraising Expenses $1,480
Program Expenses $516,094
Other Expenses $461,338
TOTAL EXPENSES $609,359

Year-over-Year Comparison

2023 2022 Change
Revenue $615,659 $630,871 0.0%
Expenses $609,359 $637,660 0.0%
Net Income $6,300 $-6,789 -1.9%
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

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Governance

Voting Members
9
Independent Members
7
Employees
2
Volunteers
N/A

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
2
$140,486
Total Directors
9
$140,486
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE HYDE SECRETARY-TREASURER 30.0
Officer Director
$48,000 $22,400 $70,400
ALEXANDER KATSNELSON PRESIDENT 30.0
Officer Director
$54,000 $16,086 $70,086
ANDREW G HYDE BOARD MEMBER 1.0
Director
$0 $0 $0
KETTNER GRISWOLD BOARD MEMBER 1.0
Director
$0 $0 $0
DR FREDERICK MARSHALL BOARD MEMBER 1.0
Director
$0 $0 $0
PETER BARTON BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL DANIELS-DECEASED APRIL 2024 BOARD MEMBER 1.0
Director
$0 $0 $0
ALBERT SCHLACHTMEYER BOARD MEMBER 1.0
Director
$0 $0 $0
CORRINE WINBURNE BOARD MEMBER 1.0
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 No data No data No data No data
2023 $615,659 $609,359 $202,115 $6,300
2022 $630,871 $637,660 $209,070 $-6,789
2020 $200,261 $458,273 $542,069 $-258,012
2019 $535,157 $594,012 $766,282 $-58,855
2018 $437,005 $614,361 $743,041 $-177,356
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