Cormont Music
Cormont Music maintains consistent revenue and zero officer compensation, showing financial stability.
EIN: 20494634 · Sugar Hill, NH · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $279K |
| Total Expenses | $261K |
| Program Spending | 85% |
| Net Assets | $198K |
| Transparency Score | 85/100 |
Is Cormont Music Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cormont Music directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cormont Music
Cormont Music (EIN: 20494634) is a nonprofit organization based in Sugar Hill, NH, classified under NTEE code A68. The organization reported total revenue of $279K and total assets of $196K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cormont Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cormont Music is a small nonprofit that has been operating for 9 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $279K |
| Total Expenses | $261K |
| Surplus / Deficit | +$18K |
| Total Assets | $198K |
| Net Assets | $198K |
| Operating Margin | 6.6% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Cormont Music reported a surplus of $18K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Cormont Music's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.0% | +34.5% | +15.2% |
| 2022 | +154.1% | +54.4% | +3.3% |
| 2021 | -67.1% | +12.0% | -22.0% |
| 2020 | +86.2% | +22306.2% | — |
| 2019 | -44.7% | -99.7% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cormont Music with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cormont Music allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
Executive Compensation Analysis
Cormont Music consistently reports 0% officer compensation across all 13 filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is highly favorable for resource allocation to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cormont Music's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Cormont Music:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
- Positive net assets and low liabilities, demonstrating strong financial health and solvency (e.g., $197,922 assets and $0 liabilities in 202312).
- Revenue generally exceeding expenses in most years, leading to financial surpluses (e.g., $278,913 revenue vs. $260,514 expenses in 202312).
- Consistent filing of IRS 990 forms over 13 periods, indicating strong commitment to transparency and compliance.
- Significant growth in assets over the decade, from $42,787 in 201412 to $197,922 in 202312.
Frequently Asked Questions about Cormont Music
Is Cormont Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Cormont Music (EIN: 20494634) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Cormont Music spend its money?
Cormont Music directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cormont Music tax-deductible?
Cormont Music is registered as a tax-exempt nonprofit (EIN: 20494634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cormont Music's spending goes to programs?
Cormont Music directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cormont Music compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cormont Music is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cormont Music located?
Cormont Music is headquartered in Sugar Hill, New Hampshire and files with the IRS under EIN 20494634. It is classified under NTEE code A68.
How many years of IRS 990 filings does Cormont Music have?
Cormont Music has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $279K in total revenue.
Is Cormont Music financially stable?
Yes, Cormont Music appears financially stable. In the latest filing (202312), revenue ($278,913) exceeded expenses ($260,514), and assets have grown to $197,922 with zero liabilities, indicating a healthy financial position.
Does Cormont Music pay its officers?
Based on the provided IRS 990 data, Cormont Music consistently reports 0% officer compensation across all 13 filings, suggesting that its officers are not compensated through traditional means reported in this category.
How has Cormont Music's revenue trended over time?
Cormont Music's revenue has shown fluctuations but generally an upward trend, from $151,905 in 201412 to $278,913 in 202312, with notable peaks and troughs, such as $78,974 in 202112 and $278,913 in 202312.
What is Cormont Music's asset-to-liability ratio?
Cormont Music has an excellent asset-to-liability ratio. In the latest filing (202312), assets were $197,922 with $0 liabilities, indicating strong financial solvency.
Filing History
IRS 990 filing history for Cormont Music showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cormont Music's revenue has grown by 79.3%, moving from $156K to $279K. Total assets increased by 279.8% over the same period, from $52K to $198K. Total functional expenses rose by 61.1%, from $162K to $261K. In its most recent filing year (2023), Cormont Music reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $279K | $261K | $198K | $0 | — | — |
| 2022 | $201K | $194K | $172K | $0 | — | View 990 |
| 2021 | $79K | $125K | $166K | $1K | — | View 990 |
| 2020 | $240K | $112K | $213K | $2K | — | View 990 |
| 2019 | $129K | $500 | $0 | $0 | — | View 990 |
| 2018 | $233K | $196K | $86K | $2K | — | View 990 |
| 2017 | $176K | $213K | $55K | $6K | — | View 990 |
| 2016 | $175K | $147K | $88K | $0 | — | — |
| 2015 | $176K | $159K | $61K | $0 | — | — |
| 2014 | $152K | $159K | $43K | $0 | — | — |
| 2013 | $163K | $174K | $50K | $4K | — | — |
| 2012 | $177K | $180K | $51K | $0 | — | View 990 |
| 2011 | $156K | $162K | $52K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $279K, expenses of $261K, and assets of $198K (revenue +39.0% year-over-year).
- 2022: Revenue of $201K, expenses of $194K, and assets of $172K (revenue +154.1% year-over-year).
- 2021: Revenue of $79K, expenses of $125K, and assets of $166K (revenue -67.1% year-over-year).
- 2020: Revenue of $240K, expenses of $112K, and assets of $213K (revenue +86.2% year-over-year).
- 2019: Revenue of $129K, expenses of $500, and assets of $0 (revenue -44.7% year-over-year).
- 2018: Revenue of $233K, expenses of $196K, and assets of $86K (revenue +32.7% year-over-year).
- 2017: Revenue of $176K, expenses of $213K, and assets of $55K (revenue +0.6% year-over-year).
- 2016: Revenue of $175K, expenses of $147K, and assets of $88K (revenue -0.8% year-over-year).
- 2015: Revenue of $176K, expenses of $159K, and assets of $61K (revenue +16.2% year-over-year).
- 2014: Revenue of $152K, expenses of $159K, and assets of $43K (revenue -7.0% year-over-year).
- 2013: Revenue of $163K, expenses of $174K, and assets of $50K (revenue -7.9% year-over-year).
- 2012: Revenue of $177K, expenses of $180K, and assets of $51K (revenue +14.1% year-over-year).
- 2011: Revenue of $156K, expenses of $162K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cormont Music:
Data Sources and Methodology
This transparency report for Cormont Music is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.