THE NORWALK YOUTH SYMPHONY 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

1956

Legal Domicile

Principal Officer

SARA WATKINS

Phone

2038664100

Tax Period

2024-07-01 to 2025-06-30

THE NORWALK YOUTH SYMPHONY INC, founded in 1956, is a small nonprofit that reported $379K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $367K left a modest 3% surplus.

Mission

THE ORGANIZATION IS DEDICATED TO ENRICHING THE LIVES OF YOUNG PEOPLE WITHIN A MUSICAL COMMUNITY PROVIDING THE FINEST POSSIBLE TRAINING, PRACTICE AND PERFORMANCE OPPORTUNITIES, ENABLING ITS STUDENT TO LEARN, SHARE AND ENJOY THE POWER OF MUSIC.

Program Service Accomplishments

Program 1

Expenses: $209,575 Revenue: $286,633

WEEKLY REHEARSALS FOR APPROXIMATELY 225 YOUTH MUSICIANS IN 5 ORCHESTRAS UNDER PROFESSIONAL CONDUCTORS FOR A 36 WEEK SESSION. THERE WERE APPROXIMATELY 2 PUBLIC PAYING CONCERTS AND 1 VIRTUAL SESSION...

WEEKLY REHEARSALS FOR APPROXIMATELY 225 YOUTH MUSICIANS IN 5 ORCHESTRAS UNDER PROFESSIONAL CONDUCTORS FOR A 36 WEEK SESSION. THERE WERE APPROXIMATELY 2 PUBLIC PAYING CONCERTS AND 1 VIRTUAL SESSION WHICH PRODUCED VIDEOS OF EACH ORCHESTRA.

Program 2

Expenses: $14,654 Revenue: $0

SCHLARSHIP ASSISTANCE TO MEMBERS BASED ON THE NEED FOR TUITION, LESSONS AND CONCERT TICKETS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $80,004

Program Service Revenue $291,975

Investment Income $7,396

Other Revenue $0

TOTAL REVENUE $379,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,884

Fundraising Expenses $0

Program Expenses $224,229

Other Expenses $270,753

TOTAL EXPENSES $366,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,375	$328,019	+0.2%
Expenses	$366,637	$377,298	0.0%
Net Income	$12,738	$-49,279	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL PITKIN	CHAIRMAN	3.00	Officer Director	$0	$0	$0
RITU MALIK	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JENNY ZHANG	TREASURER	3.00	Officer Director	$0	$0	$0
ZEESHAN ARASFU	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN SEEL	SPECIAL INTEREST	3.00	Officer Director	$0	$0	$0
KATE BLAIR-DIXON	BOARD MEMBER	3.00	Director	$0	$0	$0
TINA BOWMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JASNA DOLGOV	BOARD MEMBER	3.00	Director	$0	$0	$0
GIRISH KAIMAL	BOARD MEMBER	3.00	Director	$0	$0	$0
MEGUMI KOBAYASHI	BOARD MEMBER	3.00	Director	$0	$0	$0
RONNIE POPP	BOARD MEMBER	3.00	Director	$0	$0	$0
ARCHI RUDRA	BOARD MEMBER	3.00	Director	$0	$0	$0
JENNIFER SERENI	BOARD MEMBER	3.00	Director	$0	$0	$0
JENNIFER TEJADA	BOARD MEMBER	3.00	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
2025	$379,375	$366,637	$342,243	$12,738
2024	$328,019	$377,298	$332,416	$-49,279
2023	$395,875	$338,737	$371,623	$57,138
2022	$291,075	$264,297	$318,265	$26,778
2021	$250,971	$268,124	$295,250	$-17,153
2021	$266,098	$283,251	$295,250	$-17,153
2020	$272,202	$288,699	$310,203	$-16,497
2019	$361,908	$312,474	$327,385	$49,434