BRONX, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BRONX SCHOOL FOR MUSIC INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $501K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion.
BRONX SCHOOL OF MUSIC'S MISSION IS TO PROVIDE CHILDREN OF THE BRONX COMMUNITY WITH AFFORDABLE AND HIGH-QUALITY PRIVATE INSTRUMENTAL MUSIC LESSONS AND MUSIC ENRICHMENT CLASSES IN A FACILITY THAT IS DEDICATED TO THE STUDENTS IT SERVES. BSM WILL PROVIDE STUDENTS WHO DO NOT HAVE ACCESS TO PRACTICE SPACE AND HIGH-QUALITY INSTRUMENTS WITH A SPACE THAT WILL HELP THEM DEVELOP AND HONE THEIR ARTISTIC SKILLS IF THEY NEED IT OUTSIDE OF THEIR HOME.
THE BRONX SCHOOL FOR MUSIC PROVIDES BRONX CHILDREN WITH AFFORDABLE AND ACCESSIBLE INDIVIDUAL AND GROUP MUSIC INSTRUCTION IN A SPACE ENTIRELY DEDICATED TO MUSICAL INSTRUCTION AND EXPLORATION. THE...
THE BRONX SCHOOL FOR MUSIC PROVIDES BRONX CHILDREN WITH AFFORDABLE AND ACCESSIBLE INDIVIDUAL AND GROUP MUSIC INSTRUCTION IN A SPACE ENTIRELY DEDICATED TO MUSICAL INSTRUCTION AND EXPLORATION. THE HEART OF THE BRONX SCHOOL FOR MUSIC'S PROGRAM IS TO FOCUS ON INDIVIDUALLY CATERED, ONE-ON-ONE MUSIC INSTRUCTION FROM LEADING PERFORMERS AND EDUCATORS BASED IN NEW YORK CITY . CHILDREN UNDER THE AGE OF FIVE ENROLL IN EARLY CHILDHOOD MUSIC AND TRANSITION TO PRIVATE LESSONS WHEN THEY ARE ELIGIBLE. WE BELIEVE THAT AN ENVIRONMENT DEDICATED TO THE ARTS WILL INSPIRE STUDENTS TO EXPLORE THEIR ARTISTIC SKILLS, OFFER THEM A SOCIAL OUTLET TO SHARE TALENTS WITH LIKE-MINDED PEERS, AND ENCOURAGE THEM TO BUILD NEW RELATIONSHIPS ACROSS OUR SCHOOL 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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $501,301 | $419,788 | +0.2% |
| Expenses | $505,338 | $371,432 | +0.4% |
| Net Income | $-4,037 | $48,356 | -1.1% |
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 |
|---|---|---|---|---|---|---|
| PHILIP KWOKA | PRESIDENT | 5.00 |
Officer
Director
|
$59,044 | $0 | $59,044 |
| THOMAS WINTER-AABO | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLORIA HUSKEY | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEN SIMARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ISABEL HIDROBO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $501,301 | $505,338 | $104,488 | $-4,037 |
| 2022 | $419,788 | $371,432 | $106,461 | $48,356 |
Compare BRONX SCHOOL FOR MUSIC INC with other nonprofits in New York and across the country.