WO SMITH NASHVILLE COMMUNITY MUSIC SCHOOL

EIN: 581560499 501(c)(3) Arts, Culture & Humanities

NASHVILLE, TN

Total Revenue
$1,397,518
Total Expenses
$1,212,561
Total Assets
$6,062,413
Net Assets
$6,029,001
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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
1981
Legal Domicile
TN
Principal Officer
VALERIE CORDERO
Phone
6152558355
Tax Period
2024-07-01 to 2025-06-30

WO SMITH NASHVILLE COMMUNITY MUSIC SCHOOL, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 13% surplus.

Mission

PROVIDES AFFORDABLE, QUALITY MUSIC INSTRUCTION TO CHILDREN FROM LOW-INCOME FAMILIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,218,625
Program Service Revenue $4,851
Investment Income $18,204
Other Revenue $155,838
TOTAL REVENUE $1,397,518

Expense Breakdown

Grants Paid $9,750
Salaries & Benefits $494,150
Fundraising Expenses $86,978
Program Expenses $734,390
Other Expenses $708,661
TOTAL EXPENSES $1,212,561

Year-over-Year Comparison

2024 2023 Change
Revenue $1,397,518 $850,630 +0.6%
Expenses $1,212,561 $1,073,610 +0.1%
Net Income $184,957 $-222,980 -1.8%
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

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Governance

Voting Members
24
Independent Members
24
Employees
6
Volunteers
167

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
5
$139,050
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG HILL PRESIDENT 5.00
Officer Director
$0 $0 $0
L OWEN KELLY SECRETARY 1.00
Officer Director
$0 $0 $0
JAMYE HARDY WILLE VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MELINDA DRENNAN TREASURER 1.00
Director
$0 $0 $0
JOHN ALLEN DIRECTOR 0.50
Director
$0 $0 $0
LORI CARVER DIRECTOR 0.50
Director
$0 $0 $0
TONY CONWAY DIRECTOR 0.50
Director
$0 $0 $0
GEORGE DEZEVALLOS DIRECTOR 0.50
Director
$0 $0 $0
BAIRD DIXON DIRECTOR 0.50
Director
$0 $0 $0
BOB FISHER DIRECTOR 0.50
Director
$0 $0 $0
JEFF ALLEN DIRECTOR 0.50
Director
$0 $0 $0
ALEX HAYES DIRECTOR 0.50
Director
$0 $0 $0
BEVERLY KEEL DIRECTOR 0.50
Director
$0 $0 $0
MARK MONTGOMERY DIRECTOR 2.00
Director
$0 $0 $0
DAN MOORE DIRECTOR 1.00
Director
$0 $0 $0
JACOB NEMER DIRECTOR 0.50
Director
$0 $0 $0
FRANK SUTHERLAND DIRECTOR 0.50
Director
$0 $0 $0
GEORGE URIBE DIRECTOR 0.50
Director
$0 $0 $0
ERIC HOLDER DIRECTOR 0.50
Director
$0 $0 $0
TABITHA ROBINSON DIRECTOR 0.50
Director
$0 $0 $0
KENNY SMOOV DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM GILMORE DIRECTOR 1.00
Director
$0 $0 $0
SALLY WILLIAMS DIRECTOR 0.50
Director
$0 $0 $0
BECKY GARDENHIRE DIRECTOR 2.00
Director
$0 $0 $0
JONAH RABINOWITZ END 625 EXECUTIVE DIRECTOR 60.00
Officer
$105,159 $33,891 $139,050
VALERIE CORDERO START 225 EXECUTIVE DIRECTOR 40.00
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 $1,397,518 $1,212,561 $6,062,413 $184,957
2024 $850,630 $1,073,610 $5,849,111 $-222,980
2023 $988,640 $875,821 $6,178,896 $112,819
2022 $597,362 $845,974 $5,939,533 $-248,612
2021 $745,920 $706,106 $6,183,223 $39,814
2020 $566,142 $776,289 $6,183,237 $-210,147
2019 $693,049 $824,979 $6,339,862 $-131,930
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