MORGAN PARK SUMMER MUSICAL FESTIVAL INC (EIN 112457344) - 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

1958

Legal Domicile

Principal Officer

Thomas R Suozzi

Phone

5166710017

Tax Period

2023-01-01 to 2023-12-31

MORGAN PARK SUMMER MUSICAL FESTIVAL INC, founded in 1958, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.0M, a strong 83% operating margin.

Mission

To provide free concerts to the public in July and August.

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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 $1,064,945

Program Service Revenue $0

Investment Income $164,047

Other Revenue $0

TOTAL REVENUE $1,228,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,643

Other Expenses $207,279

TOTAL EXPENSES $207,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,228,992	N/A	N/A
Expenses	$207,279	N/A	N/A
Net Income	$1,021,713	N/A	N/A

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

N/A

Employees

N/A

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
Thomas Suozzi	Chair	3.00	Officer Director	$0	$0	$0
Cindy Rogers	Secretary-Treasurer	2.00	Officer Director	$0	$0	$0
Julie Albin	Director	0.30	Director	$0	$0	$0
Roberta Cerasi	Director	1.00	Director	$0	$0	$0
Georgie Connett	Director	0.45	Director	$0	$0	$0
Mary Elizabeth Poje	Director	0.30	Director	$0	$0	$0
Doris Meadows	Director	0.30	Director	$0	$0	$0
Carla Dilgard	Director	1.00	Director	$0	$0	$0
Virginia O'Keefe	Director	0.30	Director	$0	$0	$0
Beverly Peress	Director	0.30	Director	$0	$0	$0
Patti Bourne	Director	0.30	Director	$0	$0	$0
Ellen Caplan	Director	0.30	Director	$0	$0	$0
Diane Dobler	Director	0.30	Director	$0	$0	$0
Kristen Lee Taylor	Director	0.30	Director	$0	$0	$0
Sally Zwiebach	N/A	0.30	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	No data	No data	No data	No data
2023	$1,228,992	$207,279	$6,516,822	$1,021,713
2023	$1,228,992	$207,279	$6,516,822	$1,021,713
2022	$158,886	$178,707	$5,495,109	$-19,821
2021	$105,330	$84,689	$6,409,261	$20,641
2020	$132,754	$43,178	$5,726,271	$89,576
2019	$227,407	$133,741	$5,215,780	$93,666
2018	$155,844	$147,941	$4,541,862	$7,903

MORGAN PARK SUMMER MUSICAL FESTIVAL INC