Pompano Beach, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW CANON CHAMBER COLLECTIVE INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $372K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 15% operating margin.
THE ORGANIZATION IS A SOUTH FLORIDA BASED MUSIC ENSEMBLE THAT AMPLIFIES THE VOICES OF BLACK AND BROWN ARTISTS IN CLASSICAL MUSIC; THE ORGANIZATION ALSO PARTNERS WITH EARLY LEARNING CENTERS AND AFTER SCHOOL PROGRAMS TO PROVIDE HIGH QUALITY MUSICAL EDUCATION SERVICES
Over the past year, our nonprofit music organization has made significant strides in fulfilling our mission to promote music education, performance, and community engagement. We successfully expanded...
Over the past year, our nonprofit music organization has made significant strides in fulfilling our mission to promote music education, performance, and community engagement. We successfully expanded our teaching programs, offering regular music instruction to over 900 students of all ages and skill levels. Through partnerships with local schools and community centers, we provided accessible lessons in piano, base guitar, and violin, ensuring that cost was never a barrier to participation. In addition to our educational efforts, we organized and hosted a series of community concerts and student showcases. These events not only gave our students invaluable performance experience but also brought people together to celebrate local talent and the power of music to unite. Our concerts were well-attended and well-received, creating opportunities for collaboration with other organizations in the area.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $371,555 | $199,700 | +0.9% |
| Expenses | $315,665 | $240,200 | +0.3% |
| Net Income | $55,890 | $-40,500 | -2.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PORTIA LUNDY | PRESIDENT | 20.00 |
Officer
Highest
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$0 | $0 | $0 |
| JANIECE SMITH | CHAIRWOMAN | 0.00 |
Officer
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$0 | $0 | $0 |
| VICTORIA JOSEPH | TREASURER | 0.00 |
Officer
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$0 | $0 | $0 |
| WALTER LAMBERT | OFFICER | 0.00 |
Officer
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$0 | $0 | $0 |
| ARSIMMER MCCOY | PROJECT DIRECTOR | 0.00 |
Officer
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$0 | $0 | $0 |
| JAMES BINON | OFFICER | 0.00 |
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$0 | $0 | $0 |
| AFA DWORKIN | OFFICER | 0.00 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $371,555 | $315,665 | $238,558 | $55,890 |
Compare NEW CANON CHAMBER COLLECTIVE INC with other nonprofits in Florida and across the country.