STATE STREET ACADEMY OF MUSIC AT ST LAWRENCE (EIN 571169971) - 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

2004

Legal Domicile

Principal Officer

DAVID E LEHMAN

Tax Period

2023-07-01 to 2024-06-30

STATE STREET ACADEMY OF MUSIC AT ST LAWRENCE, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $231K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $274K exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE HIGH QUALITY MUSIC INSTRUCTION.

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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 $104,405

Program Service Revenue $123,624

Investment Income $3,076

Other Revenue $0

TOTAL REVENUE $231,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,417

Fundraising Expenses $317

Program Expenses $229,193

Other Expenses $224,141

TOTAL EXPENSES $273,558

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,105	$252,158	-0.1%
Expenses	$273,558	$307,307	-0.1%
Net Income	$-42,453	$-55,149	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY FRENCH	TREASURER	2.00	Director	$0	$0	$0
TOM ARNOLDI	DIRECTOR	2.00	Director	$0	$0	$0
JOYCE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
FLOYD STOKES	DIRECTOR	2.00	Director	$0	$0	$0
ESTELLE HARTRANFT	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD ROBERSON	DIRECTOR	2.00	Director	$0	$0	$0
ROGER B MEILTON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE LICATA	SECRETARY	2.00	Officer	$0	$0	$0
CHRISTIAN SEAY	SECRETARY	2.00	Officer	$0	$0	$0
DAVID E LEHMAN	PRESIDENT	2.00	Officer	$0	$0	$0
CARMEN FINESTRA	VICE PRESIDENT	2.00	Officer	$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	$231,105	$273,558	$171,127	$-42,453
2023	$252,158	$307,307	$212,120	$-55,149
2022	$281,647	$226,413	$268,505	$55,234
2021	$203,795	$156,390	$223,128	$47,405
2020	$228,335	$202,515	$176,955	$25,820
2019	$238,018	$210,745	$148,971	$27,273

STATE STREET ACADEMY OF MUSIC AT ST LAWRENCE