CENTER OF MUSICAL STUDIES INC (EIN 521962698) - 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

1997

Legal Domicile

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

CONDUCTS SUMMER MUSIC FESTIVAL ON THE AMALFI COAST, ITALY.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$140,486

Total Directors

$140,486

Key Employees

Highest Compensated

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

CENTER OF MUSICAL STUDIES INC