THE COLLEGE MUSIC SOCIETY (EIN 810505324) - 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

1958

Legal Domicile

Principal Officer

JEFFREY LOEFFERT

Phone

4067219616

Tax Period

2023-08-01 to 2024-07-31

THE COLLEGE MUSIC SOCIETY, founded in 1958, is a small nonprofit that reported $859K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $779K left a modest 9% surplus.

Mission

THE COLLEGE MUSIC SOCIETY PROMOTES MUSIC TEACHING AND LEARNING, MUSICAL CREATIVITY AND EXPRESSION, RESEARCH AND DIALOGUE, AND DIVERSITY AND INTERDISCIPLINARY INTERACTION. A CONSORTIUM OF COLLEGE, CONSERVATORY, UNIVERSITY, AND INDEPENDENT MUSICIANS AND SCHOLARS INTERESTED IN ALL DISCIPLINES OF MUSIC, THE SOCIETY PROVIDES LEADERSHIP AND SERVES AS AN AGENT OF CHANGE BY ADDRESSING CONCERNS FACING MUSIC IN HIGHER EDUCATION.

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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 $1,658

Program Service Revenue $846,597

Investment Income $1,873

Other Revenue $9,021

TOTAL REVENUE $859,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,727

Fundraising Expenses $0

Other Expenses $329,881

TOTAL EXPENSES $778,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$859,149	$993,749	-0.1%
Expenses	$778,608	$968,144	-0.2%
Net Income	$80,541	$25,605	+2.1%

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

300

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

$61,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK RABIDEAU	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN CHIN	PRESIDENT - ELECT	1.00	Officer Director	$0	$0	$0
SOO GOH	SECRETARY (THRU 12/31/23)	1.00	Officer Director	$0	$0	$0
JENNIFER LARUE	SECRETARY	1.00	Officer Director	$0	$0	$0
BONNIE SNEED	TREASURER	1.00	Officer Director	$0	$0	$0
JAY BATZNER	COMPOSITION (THRU 12/31/23)	1.00	Director	$0	$0	$0
JESSICA RUDMAN	COMPOSITION	1.00	Director	$0	$0	$0
SUZANNE HALL	MUSIC EDUCATION	1.00	Director	$0	$0	$0
IMANI MOSLEY	MUSICOLOGY	1.00	Director	$0	$0	$0
SARAH CHAN	PERFORMANCE	1.00	Director	$0	$0	$0
STEFANIE DICKINSON	MUSIC THEORY	1.00	Director	$0	$0	$0
LEON GARCIA CORONA	ETHNOMUSICOLOGY	1.00	Director	$0	$0	$0
CHRISTY BANKS	MEMBER AT LARGE	1.00	Director	$0	$0	$0
JESSICA MUNIZ	MUSIC INDUSTRY	1.00	Director	$0	$0	$0
DENISE ODELLO	MUSIC IN GENERAL STUDIES (THRU 12/31/23)	1.00	Director	$0	$0	$0
JANE PALMQUIST	MUSIC IN GENERAL STUDIES	1.00	Director	$0	$0	$0
KATE HAMORI	STUDENT REPRESENTATIVE	1.00	Director	$0	$0	$0
JEFFREY LOEFFERT	EXECUTIVE DIRECTOR	14.00	Officer	$52,500	$9,469	$61,969

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	$859,149	$778,608	$411,182	$80,541
2023	$993,749	$968,144	$336,564	$25,605
2022	$969,412	$996,628	$311,776	$-27,216
2021	$837,591	$656,009	$419,759	$181,582
2020	$896,759	$909,481	$232,210	$-12,722
2019	$1,251,708	$1,211,359	$211,065	$40,349

THE COLLEGE MUSIC SOCIETY