SILK ROAD PROJECT 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

1998

Legal Domicile

Principal Officer

BORIS DOLGONOS

Phone

4132381746

Tax Period

2022-07-01 to 2023-06-30

SILK ROAD PROJECT INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2022. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 89% operating deficit.

Mission

SILKROAD CREATES MUSIC THAT ENGAGES DIFFERENCE, SPARKING RADICAL CULTURAL COLLABORATION AND PASSION-DRIVEN LEARNING TO BUILD A MORE HOPEFUL WORLD.

Program Service Accomplishments

Program 1

Expenses: $950,764 Revenue: $405,870

PHOENIX RISING (PERFORMANCE TOUR) - SILKROAD REUNITED ITS ENSEMBLE FOR PHOENIX RISING, A MUSICAL REBIRTH, AND CELEBRATION FEATURING THIRTEEN SILKROAD ARTISTS ALONGSIDE ARTISTIC DIRECTOR AND GRAMMY...

PHOENIX RISING (PERFORMANCE TOUR) - SILKROAD REUNITED ITS ENSEMBLE FOR PHOENIX RISING, A MUSICAL REBIRTH, AND CELEBRATION FEATURING THIRTEEN SILKROAD ARTISTS ALONGSIDE ARTISTIC DIRECTOR AND GRAMMY AWARD-WINNING MUSICIAN AND VOCALIST RHIANNON GIDDENS. SILKROAD OFFERS PHOENIX RISING AS A COLLECTIVE GRIEVING SONG AND CLARION CALL, UNITING AUDIENCES THROUGH VARIED CULTURAL EXPERIENCES TO MODEL OUR VISION FOR A MORE PEACEFUL AND JUST WORLD AS WE EMERGE FROM A LONG AND STUNNING UPHEAVAL. AS A PERFORMER, COMPOSER, AND CROSS-CULTURAL CONNECTOR, RHIANNON GIDDENS HAS PURSUED A LIFELONG MISSION TO SHINE LIGHT ON PREVIOUSLY UNDER-RECOGNIZED VOICES, GENRES, AND MUSICAL TRADITIONS. HER TOUR WITH THE SILKROAD ENSEMBLE IN PHOENIX RISING WAS HER FIRST SINCE BEGINNING HER TENURE AS ARTISTIC DIRECTOR OF THE ORGANIZATION, WHICH WAS FOUNDED BY CELLIST AND HUMANITARIAN YO-YO MA IN 1998. IT IS SUPPORTED BY GENEROUS GRANTS FROM ALICE L. WALTON FOUNDATION AND MELLON FOUNDATION, AMONG OTHERS.

Program 2

Expenses: $466,223 Revenue: $70,416

GLOBAL MUSICIAN WORKSHOP (EDUCATION PROGRAM) - SILKROAD'S GLOBAL MUSICIAN WORKSHOP (GMW) IS AN INTENSIVE MUSICIAN TRAINING PROGRAM THAT BRINGS TOGETHER MUSICIANS FROM AROUND THE WORLD TO ENGAGE IN...

GLOBAL MUSICIAN WORKSHOP (EDUCATION PROGRAM) - SILKROAD'S GLOBAL MUSICIAN WORKSHOP (GMW) IS AN INTENSIVE MUSICIAN TRAINING PROGRAM THAT BRINGS TOGETHER MUSICIANS FROM AROUND THE WORLD TO ENGAGE IN WORKSHOPS THAT EXPLORE A GLOBAL ARRAY OF MUSICAL GENRES, STYLES, AND TRADITIONS. GMW 2022 WAS HELD AT NEW ENGLAND CONSERVATORY (NEC) FROM AUGUST 8-12, 2022, AND WAS OFFERED TUITION-FREE TO ALL PARTICIPANTS FOR THE FIRST TIME IN THE PROGRAM'S HISTORY. A THREE-DAY PERFORMANCE FESTIVAL AT NEC'S RENOWNED JORDAN HALL CLOSED OUT THE PROGRAM FEATURING PERFORMANCES BY GMW FACULTY AND PARTICIPANTS ALIKE. IT IS SUPPORTED BY GENEROUS GRANTS FROM THE MELLON FOUNDATION AND THE MASS CULTURAL COUNCIL, AMONG OTHERS.

Program 3

Expenses: $370,416 Revenue: $400

AMERICAN RAILROAD (ARTISTIC CONCEPTION) - SILKROAD'S LATEST INITIATIVE, AMERICAN RAILROAD, ILLUMINATES THE IMPACT THE AFRICAN AMERICAN, CHINESE, INDIGENOUS, IRISH, AND OTHER COMMUNITIES HAD ON THE...

AMERICAN RAILROAD (ARTISTIC CONCEPTION) - SILKROAD'S LATEST INITIATIVE, AMERICAN RAILROAD, ILLUMINATES THE IMPACT THE AFRICAN AMERICAN, CHINESE, INDIGENOUS, IRISH, AND OTHER COMMUNITIES HAD ON THE CREATION OF THE UNITED STATES' TRANSCONTINENTAL RAILROAD AND CONNECTING RAILWAYS IN NORTH AMERICA. THIS PROJECT AMPLIFIES UNTOLD STORIES TO PAINT A RICHER, MORE ACCURATE PICTURE OF THE ORIGINS OF THE AMERICAN EMPIRE AND THE FORMATION OF OUR MULTIFACETED AMERICAN IDENTITIES. IT IS SUPPORTED BY GENEROUS GRANTS FROM THE ALICE L. WALTON FOUNDATION, MELLON FOUNDATION, AND NATIONAL ENDOWMENT FOR THE ARTS, AMONG OTHERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,519,723

Program Service Revenue $538,555

Investment Income $2,987

Other Revenue $13,198

TOTAL REVENUE $2,074,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,595,707

Fundraising Expenses $598,894

Program Expenses $2,851,088

Other Expenses $2,320,088

TOTAL EXPENSES $3,915,795

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,074,463	$3,944,577	-0.5%
Expenses	$3,915,795	$3,681,792	+0.1%
Net Income	$-1,841,332	$262,785	-8.0%

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

$421,449

Total Directors

$599,893

Key Employees

$182,861

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY FLETCHER	EXECUTIVE DIRECTOR (JULY-DECEMBER 2022)	40	Officer Director	$247,100	$25,344	$272,444
ANTHONY BARBIR	DEPUTY DIRECTOR	40	Key Emp	$182,861	$0	$182,861
JENNIFER KLAHN	DEVELOPMENT DIRECTOR	40	Highest	$167,659	$0	$167,659
ALICIA ROBINSON REESE	INTERIM EXECUTIVE DIRECTOR (JANUARY-MAY 2023)	40	Officer Director	$149,005	$0	$149,005
RHIANNON GIDDENS	EX-OFFICIO BOARD MEMBER	20	Director	$121,745	$0	$121,745
JOSEPH GRAMLEY	EX-OFFICIO BOARD MEMBER (TO JULY 2022)	5	Director	$29,569	$0	$29,569
WU MAN	EX-OFFICIO BOARD MEMBER	5	Director	$27,130	$0	$27,130
LORI SAMUELS	BOARD CHAIR	5	Officer Director	$0	$0	$0
FAITH RAIGUEL	TREASURER	5	Officer Director	$0	$0	$0
ISABELLE HUNTER	CLERK/SECRETARY	5	Officer Director	$0	$0	$0
BEN HARTLEY	EXECUTIVE DIRECTOR (AS OF MAY 2023)	40	Officer Director	$0	$0	$0
JONATHAN BAYS	BOARD MEMBER	5	Director	$0	$0	$0
OPHELIA DAHL	BOARD MEMBER	5	Director	$0	$0	$0
FEDERICO COHEN FREUE	BOARD MEMBER	5	Director	$0	$0	$0
ROHIT DESHPANDE	BOARD MEMBER	5	Director	$0	$0	$0
BORIS DOLGONOS	BOARD MEMBER	5	Director	$0	$0	$0
HELENA HWANG	BOARD MEMBER	5	Director	$0	$0	$0
LAVON KELLNER	BOARD MEMBER	5	Director	$0	$0	$0
DIANN KIM	BOARD MEMBER (THROUGH NOVEMBER 2022)	5	Director	$0	$0	$0
YOU YOUNG KIM	BOARD MEMBER (THROUGH AUGUST 2022)	5	Director	$0	$0	$0
NICHOLAS MA	BOARD MEMBER	5	Director	$0	$0	$0
LARISA MARTINEZ	BOARD MEMBER	5	Director	$0	$0	$0
ALFRE WOODARD	BOARD MEMBER	5	Director	$0	$0	$0
CAROLYN YANCEY	BOARD MEMBER (AS OF NOVEMBER 2022)	5	Director	$0	$0	$0
STEFANIE ZELDIN	BOARD MEMBER	5	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,074,463	$3,915,795	$2,983,026	$-1,841,332
2022	$3,944,577	$3,681,792	$4,997,714	$262,785
2021	$5,025,735	$1,712,433	$4,491,777	$3,313,302
2020	$1,717,282	$2,488,512	$1,273,630	$-771,230
2019	$3,224,965	$3,708,001	$2,262,767	$-483,036
2018	$3,420,438	$3,355,162	$3,045,898	$65,276