GREENWOOD MUSIC CAMP INC

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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

1962

Legal Domicile

Principal Officer

REBECCA FISCHER

Phone

4136345570

Tax Period

2023-01-01 to 2023-12-31

GREENWOOD MUSIC CAMP INC, founded in 1962, is a small nonprofit in the Recreation & Sports sector that reported $939K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

GREENWOOD MUSIC CAMP AIMS TO PROMOTE THE MUSICAL, PERSONAL AND SOCIAL GROWTH OF YOUNG PEOPLE FROM DIVERSE BACKGROUNDS IN A SUPPORTIVE, FAMILY-LIKE COMMUNITY. RECREATIONAL AND COMMUNAL WORK ACTIVITIES, AND SHARED MEALS IN A RURAL SETTING ARE ESSENTIAL PARTS OF THE GREENWOOD EXPERIENCE.CHAMBER MUSIC IS THE CENTRAL ACTIVITY AT GREENWOOD, TOGETHER WITH ORCHESTRAL AND VOCAL MUSIC, REHEARSALS, LESSONS, COACHING, SPONTANEOUS SIGHT READING, AND WEEKLY PERFORMANCES. IT IS GREENWOOD'S PHILOSOPHY THAT THE SHARING AND COMMUNICATION FOSTERED BY CHAMBER MUSIC ARE REFLECTED IN THE QUALITY OF MUSIC MAKING AND IN ENDURING FRIENDSHIPS. WE PLAY TO LEARN TO PLAY BETTER, AND WE PLAY FOR THE JOY OF IT.

Program Service Accomplishments

Program 1

Expenses: $971,507 Revenue: $604,855

TWO SESSIONS HELD IN 2023. ONE FOR SENIOR CAMPERS (5 WEEKS) AND ONE FOR JUNIOR CAMPERS (2 WEEKS).

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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 $163,185

Program Service Revenue $604,855

Investment Income $160,498

Other Revenue $10,175

TOTAL REVENUE $938,713

Expense Breakdown

Grants Paid $102,995

Salaries & Benefits $442,412

Fundraising Expenses $28,459

Program Expenses $971,507

Other Expenses $516,810

TOTAL EXPENSES $1,062,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$938,713	$908,548	+0.0%
Expenses	$1,062,217	$1,129,298	-0.1%
Net Income	$-123,504	$-220,750	-0.4%

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

$93,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID B HOBBIE	CHAIR	5.00	Officer Director	$0	$0	$0
BORIS WOLFSON	VICE CHAIR AND SECRETARY	5.00	Officer Director	$0	$0	$0
ADAM BACKENROTH	TREASURER	5.00	Officer Director	$0	$0	$0
MARY ADLER	DIRECTOR	1.00	Director	$0	$0	$0
BEATRICE AFFRON	DIRECTOR	1.00	Director	$0	$0	$0
VELMA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
REGINA BRADY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CASIMIR	DIRECTOR	1.00	Director	$0	$0	$0
GARY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN FABOS	DIRECTOR	1.00	Director	$0	$0	$0
MONICA FELKEL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FORSYTH JR	DIRECTOR	1.00	Director	$0	$0	$0
ELENA YASINSKI HAWORTH	DIRECTOR	1.00	Director	$0	$0	$0
AARON HELFAND	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK HENLE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE KAGAN	DIRECTOR	1.00	Director	$0	$0	$0
CLARA KIM	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MONROEKAREN MONROEKAREN MON	DIRECTOR	1.00	Director	$0	$0	$0
GABE SASSOON	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY LISTER	DIRECTOR PAST	1.00	Director	$0	$0	$0
DR KENNETH MCINTOSH	DIRECTOR PAST	1.00	Director	$0	$0	$0
WANFANG MURRAY	DIRECTOR PAST	1.00	Director	$0	$0	$0
LISA TERRIZZI	DIRECTOR PAST	1.00	Director	$0	$0	$0
STEPHANIE KWEI	DIRECTOR PAST	1.00	Director	$0	$0	$0
REBECCA FISCHER	EXECUTIVE DIRECTOR AND SENIOR CAMP DIRECTOR	40.00	Officer	$60,600	$0	$60,600
DEBORAH GREENEBAUM	JUNIOR CAMP DIRECTOR	40.00	Officer	$32,824	$0	$32,824

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	No data	No data	No data	No data
2023	$938,713	$1,062,217	$3,960,122	$-123,504
2022	$908,548	$1,129,298	$3,697,602	$-220,750
2021	$959,187	$958,466	$4,588,393	$721
2020	$357,111	$439,283	$4,349,298	$-82,172
2019	$900,770	$903,086	$3,990,041	$-2,316
2018	$1,421,816	$843,872	$3,633,300	$577,944
2018	$1,421,000	$843,872	$3,632,485	$577,128