Wakefield, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Pump House Music Works, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $486K exceeded revenue, resulting in a 68% operating deficit.
The purpose of Pump House Music Works is to provide an opportunity for the performance of musical works of all genres and a venue for related creative projects. Additionally, to organize and promote a network in the community of artists, musicians and creative programs in southern Rhode Island and beyond.
The Pump House has continued to gather the public for weekly music events in 2024 showcasing more than 100 local and New England musicians. Our monthly open mic hosts more than 30 participants who...
The Pump House has continued to gather the public for weekly music events in 2024 showcasing more than 100 local and New England musicians. Our monthly open mic hosts more than 30 participants who perform and network with other musicians. We have opened a courtyard area for gatherings and potluck events including the monthly open mic. The educational programs have continued and expanded. In 2024 we continued the weekly ukulele program and started a weekly Folks School. The Pump House has continued to support many community events and fundraisers for organizations such as RI Community Food Bank, Peace Dale Revitalization Group, Mathew Sheehan Memorial Foundation, University of Rhode Island Guitar Festival and the Kingston Chamber Music Festival. Our Jazz program continues on the first Sunday of every month and Classical music has been featured partnering with the Kingston Chamber Music Festival. The Bar, Rental and Ticket sales continue to grow and demonstrate the popularity and success of the Pump House mission to promote music of all genres, to support musicians and to provide educational programs for artists and the community.
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 | $289,084 | $440,679 | -0.3% |
| Expenses | $486,430 | $491,051 | 0.0% |
| Net Income | $-197,346 | $-50,372 | +2.9% |
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 |
|---|---|---|---|---|---|---|
| Rafael Attias | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Cynthia Gifford | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Victor Main | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Daniel U Collins | President | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $289,084 | $486,430 | $27,432 | $-197,346 |
| 2023 | $440,679 | $491,051 | $80,653 | $-50,372 |
| 2022 | $427,672 | $614,463 | $70,226 | $-186,791 |
| 2021 | $401,639 | $387,323 | $37,455 | $14,316 |
Compare Pump House Music Works with other nonprofits in Rhode Island and across the country.