THE COMMUNITY MUSIC SCHOOL OF THE PIEDMONT INC (EIN 541705987) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MARTHA COTTER

Phone

5405923040

Tax Period

2023-07-01 to 2024-06-30

THE COMMUNITY MUSIC SCHOOL OF THE PIEDMONT INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2017. Expenses of $247K left a modest 6% surplus.

Mission

TO PROVIDE MUSIC LESSONS, INSTRUMENTAL AND VOICE, TO CHILDREN OF THE PIEDMONT REGION OF VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,225

Program Service Revenue $195,096

Investment Income $4,240

Other Revenue $29,829

TOTAL REVENUE $310,390

Expense Breakdown

Grants Paid $28,562

Salaries & Benefits $99,822

Fundraising Expenses $17,063

Program Expenses $220,583

Other Expenses $175,557

TOTAL EXPENSES $303,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,390	$330,700	-0.1%
Expenses	$303,941	$319,341	0.0%
Net Income	$6,449	$11,359	-0.4%

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

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

$62,500

Total Directors

$62,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA COTTER	EXECUTIVE DIRECTOR	40.00	Officer Director	$62,500	$0	$62,500
KIERNAN SLATER PATUSKY	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID WALKER	TREASURER	1.00	Officer Director	$0	$0	$0
JOLLY DE GIVE	DIRECTOR	1.00	Director	$0	$0	$0
GERTRUDE HECHL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LENA SCOTT-LUNDH	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY ANN MCGOWAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
ELINOR CRANE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BULLARD BROGGINI	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HOWLAND	DIRECTOR	1.00	Director	$0	$0	$0
JAY SPEER	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$310,390	$303,941	$194,087	$6,449
2023	$330,700	$319,341	$173,127	$11,359
2022	$280,898	$287,549	$160,003	$-6,651
2021	$285,091	$245,198	$177,315	$39,893
2020	$271,022	$251,060	$136,487	$19,962
2019	$258,279	$255,321	$117,322	$2,958
2018	$262,824	$246,803	$113,455	$16,021

THE COMMUNITY MUSIC SCHOOL OF THE PIEDMONT INC