LAGOND MUSIC SCHOOL INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

ROSANNE LANA

Phone

9143450512

Tax Period

2024-09-01 to 2025-08-31

LAGOND MUSIC SCHOOL INC, founded in 2004, is a small nonprofit in the Education sector that reported $502K in total revenue in fiscal year 2024.

Mission

LAGOND'S PURPOSE IS TO PROVIDE THE FACILITIES FOR MUSIC EDUCATORS TO PROVIDE PROGRAMS OF SKILL-BASED INSTRUMENT INSTRUCTION, BAND WORKSHOPS, SONGWRITING, MUSIC TECHNOLOGY AND EDUCATIONAL PROGRAMS TO CHILDREN AND ADULTS, WITH A SPECIAL FOCUS ON EDUCATING INDIVIDUALS WITH SPECIAL NEEDS. LAGOND ALSO PROVIDES REHEARSAL, RECORDING, AND PERFORMANCE FACILITIES TO HOST CURATED EVENTS AND COMMUNAL GATHERINGS.

Program Service Accomplishments

Program 1

Expenses: $386,059 Revenue: $166,648

THE ORGANIZATION PROVIDES MUSIC INSTRUCTION AS WELL AS ENTERTAINMENT FOR THE COMMUNITY THROUGH RECITALS AND PRE-PROFESSIONAL PERFORMANCES BY STUDENTS AS WELL AS PROFESSIONAL ENSEMBLES. THE...

THE ORGANIZATION PROVIDES MUSIC INSTRUCTION AS WELL AS ENTERTAINMENT FOR THE COMMUNITY THROUGH RECITALS AND PRE-PROFESSIONAL PERFORMANCES BY STUDENTS AS WELL AS PROFESSIONAL ENSEMBLES. THE ORGANIZATION OFFERS REHERSAL SPACE FOR INSTRUCTORS, IN ADDITION TO OFFERING PRIVATE LESSONS, BAND WORKSHOPS AND PRODUCTION CLASSES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $323,454

Program Service Revenue $167,218

Investment Income $345

Other Revenue $10,955

TOTAL REVENUE $501,972

Expense Breakdown

Grants Paid $550

Salaries & Benefits $199,529

Fundraising Expenses $0

Program Expenses $386,059

Other Expenses $291,572

TOTAL EXPENSES $491,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,972	$502,382	0.0%
Expenses	$491,651	$433,131	+0.1%
Net Income	$10,321	$69,251	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$101,574

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARI APPELBAUM	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
ED APPELBAUM	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
AMY PASSINGHAM	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
JEFF LASDON	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
ELEANOR SCHWARTZ	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
JONATHAN BISGAIER	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
CHRIS ABAD	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
JEANNETTE LASDON	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
CHARLES LAGOND	VICE PRESIDENT	40.00	Officer	$0	$0	$0
ROSANNE LANA	PRESIDENT	40.00	Officer	$101,574	$0	$101,574

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	$501,972	$491,651	$280,828	$10,321
2024	$502,382	$433,131	$272,707	$69,251
2023	$787,932	$892,297	$263,806	$-104,365
2022	$465,273	$577,301	$389,787	$-112,028
2022	$972,414	$991,716	$452,665	$-19,302
2021	$797,380	$917,733	$316,383	$-120,353
2020	$1,192,868	$1,014,565	$436,428	$178,303
2019	$1,104,162	$1,093,720	$274,851	$10,442