CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TMS WEST, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 5392% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 98% operating margin.
TMS WEST, WHOLLY OWNED BY THE MUSIC SETTLEMENT, WAS INCORPORATED IN THE STATE OF OHIO AS A NOT-FOR-PROFIT ORGANIZATION FOR THE PURPOSE OF ESTABLISHING A QUALIFIED ACTIVE LOW- INCOME COMMUNITY BUSINESS PARTICIPATING IN A NEW MARKETS TAX CREDIT (NMTC) REAL ESTATE DEVELOPMENT PROJECT ON CLEVELAND'S WEST SIDE. TMS WEST OWNS A COMMERCIAL UNIT IN A NEW MIXED-USE RESIDENTIAL AND COMMERCIAL BUILDING CONSTRUCTED IN 2018. UNDER A LONG-TERM AGREEMENT TMS WEST LEASES ITS FACILITY TO THE MUSIC SETTLEMENT FOR OPERATING ITS PROGRAMS ON CLEVELAND'S WEST SIDE. THE MUSIC SETTLEMENT'S PROGRAMS AT THIS LOCATION INCLUDE EARLY CHILDHOOD, MUSIC LESSONS AND MUSIC THERAPY SERVICES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,447,277 | $80,970 | +53.9% |
| Expenses | $100,290 | $201,260 | -0.5% |
| Net Income | $4,346,987 | $-120,290 | -37.1% |
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 |
|---|---|---|---|---|---|---|
| MAURA L HUGHES | CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN W WALDECK JR | VICE PRESIDENT & TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEBORAH A WILCOX | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GERALYN M PRESTI | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $191,000 |
| STEPHEN J MILLER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,447,277 | $100,290 | $3,502,254 | $4,346,987 |
| 2023 | $80,970 | $201,260 | $4,438,656 | $-120,290 |
| 2022 | $88,041 | $191,261 | $4,558,946 | $-103,220 |
| 2021 | $53,658 | $191,260 | $4,686,999 | $-137,602 |
| 2020 | $26,346 | $191,261 | $4,837,811 | $-164,915 |
| 2019 | $26,347 | $182,904 | $5,002,284 | $-156,557 |
| 2018 | No data | $90,971 | $5,121,240 | No data |
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