OPUS ITHACA SCHOOL OF MUSIC (EIN 900760945) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

ANDREA MERRILL

Phone

6072203026

Tax Period

2023-09-01 to 2024-08-31

OPUS ITHACA SCHOOL OF MUSIC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $667K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

PROMOTE QUALITY MUSIC INSTRUCTION TO THE ENTIRE COMMUNITY REGARDLESS OF INCOME, RACE OR EXPERIENCE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $72,387

Program Service Revenue $593,396

Investment Income $0

Other Revenue $1,121

TOTAL REVENUE $666,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,281

Fundraising Expenses $83

Program Expenses $583,797

Other Expenses $502,036

TOTAL EXPENSES $701,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$666,904	$737,301	-0.1%
Expenses	$701,317	$666,272	+0.1%
Net Income	$-34,413	$71,029	-1.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$82,300

Total Directors

$82,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MERRILL	SCHOOL EXECUTIVE DIRECTOR	40.00	Officer Director	$82,300	$0	$82,300
LINDSAY FRANCE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JOE KACZOROWSKI	TREASURER	0.50	Officer Director	$0	$0	$0
ART OSTRANDER	PRESIDENT	0.50	Officer Director	$0	$0	$0
VIOLA MONAGHAN	SECRETARY	0.50	Director	$0	$0	$0
SUSAN VAN SICKLE	SECRETARY	0.50	Officer Director	$0	$0	$0

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	$666,904	$701,317	$185,287	$-34,413
2023	$737,301	$666,272	$218,268	$71,029
2022	$624,876	$565,894	$147,996	$58,982
2021	$512,201	$520,756	$87,312	$-8,555
2020	$520,089	$461,654	$98,033	$58,435
2019	$433,028	$416,489	$38,414	$16,539
2018	$340,743	$335,026	$20,780	$5,717

OPUS ITHACA SCHOOL OF MUSIC