NEIGHBORHOOD MUSIC SCHOOL ASSOCIATION (EIN 956002180) - 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

1936

Legal Domicile

Principal Officer

KAREN LOUIS

Phone

3232680762

Tax Period

2024-03-01 to 2025-02-28

NEIGHBORHOOD MUSIC SCHOOL ASSOCIATION, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 9% surplus.

Mission

THE NEIGHBORHOOD MUSIC SCHOOL PROVIDES ONE-ON-ONE MUSIC INSTRUCTION TO CHANGE THE LIVES OF ITS STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $669,071

Program Service Revenue $287,577

Investment Income $289,768

Other Revenue $0

TOTAL REVENUE $1,246,416

Expense Breakdown

Grants Paid $107,650

Salaries & Benefits $766,902

Fundraising Expenses $72,315

Program Expenses $846,030

Other Expenses $257,775

TOTAL EXPENSES $1,132,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,246,416	$672,882	+0.9%
Expenses	$1,132,327	$945,586	+0.2%
Net Income	$114,089	$-272,704	-1.4%

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

$143,613

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY C DE FRANCISCO	PRESIDENT	10.00	Officer Director	$0	$0	$0
MAUREEN MCCONNELL	SECRETARY	10.00	Officer Director	$0	$0	$0
SEAN CAUVEL	DIRECTOR	5.00	Director	$0	$0	$0
DR JOSHUA SMITH	DIRECTOR	5.00	Director	$0	$0	$0
SERGE KASIMOFF	DIRECTOR	5.00	Director	$0	$0	$0
BRUCE GORELICK	TREASURER	10.00	Officer Director	$0	$0	$0
ALEX LALIN	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
ROGER ZICKFELD	DIRECTOR	5.00	Director	$0	$0	$0
GERMAINE FRANCO	DIRECTOR	5.00	Director	$0	$0	$0
KAREN LOUIS	EXECUTIVE DIRECTOR	40.00	Officer	$143,613	$0	$143,613

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
2025	$1,246,416	$1,132,327	$6,191,179	$114,089
2024	$672,882	$945,586	$5,789,222	$-272,704
2023	$1,386,202	$865,609	$5,454,309	$520,593
2022	$3,265,327	$718,488	$5,346,067	$2,546,839
2021	$628,035	$664,687	$3,013,362	$-36,652
2020	$719,124	$682,224	$2,576,319	$36,900
2019	$598,918	$693,131	$2,498,399	$-94,213
2018	$572,180	$637,954	$2,586,961	$-65,774
2018	$642,580	$641,093	$2,654,222	$1,487

NEIGHBORHOOD MUSIC SCHOOL ASSOCIATION