HAMILTON-GARRETT MUSIC AND ARTS ACADEMY INC

EIN: 844231909 501(c)(3) Arts, Culture & Humanities

BOSTON, MA

Total Revenue
$229,235
Total Expenses
$444,561
Total Assets
$243,369
Net Assets
$28,043
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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
2019
Legal Domicile
MA
Principal Officer
GERAMI GROOVER FLORES
Phone
6179397455
Tax Period
2024-01-01 to 2024-12-31

HAMILTON-GARRETT MUSIC AND ARTS ACADEMY INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $445K exceeded revenue, resulting in a 94% operating deficit.

Mission

To design, establish, maintain, and operate training, educational, and other enrichment programs for inner-city youth and their families.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $229,235
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $229,235

Expense Breakdown

Grants Paid $0
Salaries & Benefits $213,956
Fundraising Expenses $0
Program Expenses $444,561
Other Expenses $230,605
TOTAL EXPENSES $444,561

Year-over-Year Comparison

2024 2023 Change
Revenue $229,235 $299,386 -0.2%
Expenses $444,561 $309,332 +0.4%
Net Income $-215,326 $-9,946 +20.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
N/A

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
0
$0
Total Directors
1
$87,447
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERAMI GROOVER FLORES EXECUTIVE DIRECTOR 168
Director
$87,447 $0 $87,447
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 $229,235 $444,561 $243,369 $-215,326
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