SHELTER ISLAND FRIENDS OF MUSIC 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

GEORGE HUHN

Phone

9178345236

Tax Period

2024-11-01 to 2025-10-31

SHELTER ISLAND FRIENDS OF MUSIC INC, founded in 1962, is a small nonprofit that reported $147K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $172K exceeded revenue, resulting in a 17% operating deficit.

Mission

OFFER WORLD CLASS MUSICAL CONCERTS FOR FREE TO EAST END OF LONG ISLAND RESIDENTS

Program Service Accomplishments

Program 1

Expenses: $147,516

NINE TIMES EACH YEAR THE SHELTER ISLAND FRIENDS OF MUSIC CONTRACTS WITH AND PAYS FOR CLASSICAL CONCERTS AT A SHELTER ISLAND CHURCH AND ONE CONCERT AT A PUBLIC SCHOOL. NINE OTHER COMMUNITY OUTREACH...

NINE TIMES EACH YEAR THE SHELTER ISLAND FRIENDS OF MUSIC CONTRACTS WITH AND PAYS FOR CLASSICAL CONCERTS AT A SHELTER ISLAND CHURCH AND ONE CONCERT AT A PUBLIC SCHOOL. NINE OTHER COMMUNITY OUTREACH EVENTS ARE ALSO PROVIDED THOUGHOUT THE YEAR.

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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 $65,744

Program Service Revenue $0

Investment Income $81,118

Other Revenue $100

TOTAL REVENUE $146,962

Expense Breakdown

Grants Paid $3,394

Salaries & Benefits $0

Fundraising Expenses $3,942

Program Expenses $147,516

Other Expenses $168,710

TOTAL EXPENSES $172,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,962	$112,730	+0.3%
Expenses	$172,104	$96,967	+0.8%
Net Income	$-25,142	$15,763	-2.6%

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
LOIS MORRIS	PRESIDENT	15.00	Officer Director	$0	$0	$0
RICHARD WIENERT	TREASURER	5.00	Officer Director	$0	$0	$0
KEN PHYSHER	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE HUHN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SARA GORDON	DIRECTOR	2.00	Director	$0	$0	$0
BRENDA BERGMAN	DIRECTOR	2.00	Director	$0	$0	$0
LISA DALLOS	DIRECTOR	2.00	Director	$0	$0	$0
INGRID FAGEN	DIRECTOR	2.00	Director	$0	$0	$0
SUE GRONEWOLD	DIRECTOR	2.00	Director	$0	$0	$0
GARY KAGAWA	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MARSHALL	DIRECTOR	2.00	Director	$0	$0	$0
JOANN KIRKLAND	BOARD ASSISTANT	2.00	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	$146,962	$172,104	$2,557,508	$-25,142
2024	$112,730	$96,967	$2,365,858	$15,763