LAGOND MUSIC SCHOOL INC

EIN: 522405102 501(c)(3) Education

ELMSFORD, NY

Total Revenue
$502,382
Total Expenses
$433,131
Total Assets
$272,707
Net Assets
$245,662
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
ROSANNE LANA
Phone
9143450512
Tax Period
2023-09-01 to 2024-08-31

LAGOND MUSIC SCHOOL INC, founded in 2004, is a small nonprofit in the Education sector that reported $502K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $433K left a modest 14% surplus.

Mission

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 MUSIC PROGRAMS THROUGHOUT THE YEAR, FALL, SPRING, AND SUMMER SEMESTERS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $302,177
Program Service Revenue $188,866
Investment Income $2,367
Other Revenue $8,972
TOTAL REVENUE $502,382

Expense Breakdown

Grants Paid $250
Salaries & Benefits $121,141
Fundraising Expenses $0
Program Expenses $355,138
Other Expenses $311,740
TOTAL EXPENSES $433,131

Year-over-Year Comparison

2023 2022 Change
Revenue $502,382 $787,932 -0.4%
Expenses $433,131 $892,297 -0.5%
Net Income $69,251 $-104,365 -1.7%
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

Sign In

Governance

Voting Members
10
Independent Members
N/A
Employees
2
Volunteers
2

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
$100,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
JEFF SCHLOSSER BOARD OF DIRECTORS 0.00
Director
$0 $0 $0
CHARLES LAGOND VICE PRESIDENT 40.00
Officer
$50,000 $0 $50,000
ROSANNE LANA PRESIDENT 40.00
Officer
$50,000 $0 $50,000
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 $502,382 $433,131 $272,707 $69,251
2023 $787,932 $892,297 $263,806 $-104,365
2022 $972,414 $991,716 $452,665 $-19,302
2022 $465,273 $577,301 $389,787 $-112,028
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
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LAGOND MUSIC SCHOOL INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.