Groton Hill Music Inc

Nonprofit profile at a glance

EIN
042867945
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Groton, MA, USA
Phone
9784869524
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$13,560,349
Expenses
$13,834,592
Assets
$248,631,838
Liabilities
$2,223,792

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • LISA FIORENTINO (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • LISA FIORENTINO (CHIEF EXECUTIVE OFFICER): $250,594 total reported compensation
  • PETER ROBBINS (DIR OF EDUCATION & PERFORM): $148,000 total reported compensation
  • MATTHEW MALIKOWSKI (DIRECTOR OF OPERATIONS): $147,856 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to share the transformative power of music through teaching, performing and giving music generously when there is need.

What it reported doing in 2024

The music education program served approximately 2,000 students of all ages and abilities with a faculty of professional artists and educators through private instruction, group lessons and ensembles for all instruments and voice, in many genres including classical, jazz, folk, popular, celtic, and traditional music. The organization is committed to providing affordable music education and also has been able to provide $92,927 in scholarship aid.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.3%; rating input score 94
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: $8.72 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 17.97; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 17.2% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 12.7% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 21% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 94.3% of revenue deployed · 90.3% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $12.5M in reported program spending
  • Leadership: top reported pay $251K · 21 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • High — Sustainability: Operating margin scored 23/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.