Salt Lake City, UT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Salt Lake Academy of Music, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $369K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.
To provide accessible, experiential music education and performance opportunities that help youth and adults develop musical skills, confidence, and community through collaborative learning.
Salt Lake Academy of Music (SLAM) provided music education and performance opportunities to youth and adults in Salt Lake County through weekly private instruction, ensemble performance programs, and...
Salt Lake Academy of Music (SLAM) provided music education and performance opportunities to youth and adults in Salt Lake County through weekly private instruction, ensemble performance programs, and summer music camps. Hundreds of community members participated in lessons, group rehearsals, and public performances at local venues, festivals, and community events, many of which were free and open to the public. SLAM also provided need-based scholarships to youth participants to expand access to music education for families with financial barriers. Through instruction, ensemble collaboration, and public performance opportunities, SLAMs programs promote musical skill development, creativity, confidence, and social connection while serving a diverse cross-section of 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 | $369,085 | $341,610 | +0.1% |
| Expenses | $365,511 | $351,061 | +0.0% |
| Net Income | $3,574 | $-9,451 | -1.4% |
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 |
|---|---|---|---|---|---|---|
| Steven Auerbach | Executive Dir. | 40.00 |
Officer
|
$61,000 | $0 | $61,000 |
| Damon Rottermond | Chairman | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jessica O'Dell | Secretary | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Feldman | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cory Deagle | Director | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $369,085 | $365,511 | $16,998 | $3,574 |
| 2023 | $341,610 | $351,061 | $15,396 | $-9,451 |
| 2022 | $328,519 | $315,303 | $23,548 | $13,216 |
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