HARVARD-RADCLIFFE ORCHESTRA FOUNDATION INC (EIN 042444738) - 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

1966

Legal Domicile

Principal Officer

BYRAM KARANJIA

Phone

6177966276

Tax Period

2023-08-01 to 2024-07-31

HARVARD-RADCLIFFE ORCHESTRA FOUNDATION INC, founded in 1966, is a micro nonprofit in the Education sector that reported $1K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $115K exceeded revenue, resulting in a 9039% operating deficit.

Mission

ORGANIZATION ESTABLISHED TO ASSIST HARVARD-RADCLIFF ORCHESTRA, INC. WHOSE MEMBERS ARE FORMER ORCHESTRA INSTRUMENTALISTS.

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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 $128,960

Program Service Revenue $0

Investment Income $-127,705

Other Revenue $0

TOTAL REVENUE $1,255

Expense Breakdown

Grants Paid $98,958

Salaries & Benefits $0

Fundraising Expenses $4,014

Program Expenses $101,496

Other Expenses $15,731

TOTAL EXPENSES $114,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,255	$79,822	-1.0%
Expenses	$114,689	$103,894	+0.1%
Net Income	$-113,434	$-24,072	+3.7%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA ASCHHEIM	DIRECTOR	1.00	Director	$0	$0	$0
STELLA CHEN	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN A DONOVAN	TREASURER	2.00	Officer Director	$0	$0	$0
BYRAM KARANJIA	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAROLINE CHOI KIM	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE LEE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
EUGENE LEE	DIRECTOR	1.00	Director	$0	$0	$0
MARION STEIN LETVIN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN MOIR	DIRECTOR	1.00	Director	$0	$0	$0
MARY MULLEN	CLERK-SECRET	2.00	Officer Director	$0	$0	$0
LEE ANN SONG	DIRECTOR	1.00	Director	$0	$0	$0
JENNY YU WANG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT YOO	DIRECTOR	1.00	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
2024	$1,255	$114,689	$367,633	$-113,434
2023	$79,822	$103,894	$431,947	$-24,072
2022	$127,996	$185,168	$436,844	$-57,172
2021	$38,032	$16,670	$581,014	$21,362

HARVARD-RADCLIFFE ORCHESTRA FOUNDATION INC