PIERRE MONTEUX MEMORIAL FOUNDATION (EIN 010279335) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

PHILIP DEVENISH

Phone

2078134914

Tax Period

2024-09-01 to 2025-08-31

PIERRE MONTEUX MEMORIAL FOUNDATION is a 501(c)(3) with EIN 010279335, based in HANCOCK, ME. Founded in 1964, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $583,622 in total revenue and $374,322 in total expenses, with net assets of $2,776,410.

Mission

THE MISSION OF THE PIERRE MONTEUX MEMORIAL FOUNDATION IS TO TRAIN ASPIRING SYMPHONY CONDUCTORS AND ORCHESTRA MUSICIANS THROUGH AN INTENSIVE SUMMER PROGRAM DISTINGUISHED BY A UNIQUE TEACHING LEGACY, A WIDE AND VARIED REPERTOIRE, AND PUBLIC PERFORMANCES OF SYMPHONIC, CHAMBER AND CHILDREN'S CONCERTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $242,728

Program Service Revenue $205,343

Investment Income $133,300

Other Revenue $2,251

TOTAL REVENUE $583,622

Expense Breakdown

Grants Paid $63,900

Salaries & Benefits $102,941

Fundraising Expenses $14,653

Program Expenses $278,207

Other Expenses $207,481

TOTAL EXPENSES $374,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,622	$457,727	+0.3%
Expenses	$374,322	$343,243	+0.1%
Net Income	$209,300	$114,484	+0.8%

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

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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

$39,000

Total Directors

$37,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANISLAS RENARD	EXECUTIVE DI	15.00	Officer	$39,000	$0	$39,000
DR TIFFANY LU	MUSIC DIRECT	15.00	Director	$37,000	$0	$37,000
PHILIP DEVENISH	PRESIDENT	1.00	Officer Director	$0	$0	$0
HENRY FOGEL	TRUSTEE	1.00	Director	$0	$0	$0
ALFRED JUDD	TRUSTEE	1.00	Director	$0	$0	$0
ALLISON KIGER	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE MALLONEE	SECRETARY	1.00	Officer Director	$0	$0	$0
RALPH MANCHESTER	TRUSTEE	1.00	Director	$0	$0	$0
JOAN PELLEGRINI	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL PILEGGI	TRUSTEE	1.00	Director	$0	$0	$0
MARY PURSLOW	TRUSTEE	1.00	Director	$0	$0	$0
YIWEN SHEN	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN STRONG	TRUSTEE	1.00	Director	$0	$0	$0
GUILLERMO VILLARREAL	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN VITTUM	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD WALWORTH	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS WELGOSS	TREASURER	1.00	Officer Director	$0	$0	$0
JOANN WILLIAMS	VICE PRESIDE	1.00	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
2025	$583,622	$374,322	$2,778,923	$209,300
2024	$457,727	$343,243	$2,586,035	$114,484
2023	$535,557	$337,878	$2,330,308	$197,679
2022	$541,077	$398,844	$2,143,744	$142,233
2021	$443,356	$273,197	$1,975,396	$170,159
2020	$199,839	$272,711	$1,661,354	$-72,872
2019	$260,029	$314,478	$1,635,235	$-54,449
2018	$406,922	$217,322	$1,665,832	$189,600

PIERRE MONTEUX MEMORIAL FOUNDATION