THE PERLMAN MUSIC PROGRAM INC (EIN 113247651) - 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

1994

Legal Domicile

Principal Officer

RANDALL BLANK

Phone

2127218769

Tax Period

2023-02-01 to 2024-01-31

THE PERLMAN MUSIC PROGRAM INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 655% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 27% operating margin.

Mission

YOUNG MUSICIANS OF TALENT NEED SUPPORT. LEFT ALONE WITH THEIR GIFT,WITHOUT THE INSTRUCTION AND MENTORING THAT ALLOWS THEM TO THRIVE, EVENTHE MOST EXCEPTIONAL YOUNG ARTISTS WILL STRUGGLE, AND MANY MAY FAIL TOACHIEVE THEIR FULL MUSICAL POTENTIAL. WITHOUT THIS NEXT GENERATION OFWORLD-CLASS MUSICIANS, THE MUSICAL WORLD AND ITS AUDIENCES WILL BE THEPOORER.THE PERLMAN MUSIC PROGRAM WELCOMES YOUNG MUSICIANS OF RARE AND SPECIALTALENT INTO A RICHLY SUPPORTIVE MUSICAL COMMUNITY. THROUGH INTENSIVESUMMER PROGRAMS, YEAR-ROUND MENTORING, AND ON OCCASION, ANINTERNATIONAL STUDY OR PERFORMANCE TOUR, THE PROGRAM OFFERSUNPARALLELED MUSICAL TRAINING FOR STUDENTS, AGES 12 TO 30, WHO PLAY THEVIOLIN, VIOLA, CELLO AND PIANO. WITH A FACULTY LED BY ITZHAKPERLMAN AND COMPRISING SOME OF THE MOST GIFTED MUSICAL TALENTS OF OURTIME, THE PROGRAM OFFERS AN ARTISTIC AND PERSONAL EXPERIENCE THATCHANGES STUDENTS LIVES FOREVER.

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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 $3,783,417

Program Service Revenue $429,538

Investment Income $238,022

Other Revenue $3,562

TOTAL REVENUE $4,454,539

Expense Breakdown

Grants Paid $170,300

Salaries & Benefits $1,626,349

Fundraising Expenses $662,683

Program Expenses $2,255,152

Other Expenses $1,445,638

TOTAL EXPENSES $3,242,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,454,539	$590,290	+6.5%
Expenses	$3,242,287	$783,205	+3.1%
Net Income	$1,212,252	$-192,915	-7.3%

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

$212,778

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOBY PERLMAN	PRESIDENT AND FOUNDER	40.00	Director	$0	$0	$0
RANDALL BLANK	CHAIRMAN	10.00	Director	$0	$0	$0
PETER KEND	VICE PRESIDENT	5.00	Director	$0	$0	$0
JIM TOTH	VICE PRESIDENT	5.00	Director	$0	$0	$0
JAY DWECK T0 APRIL 2023	VICE PRESIDENT	2.50	Director	$0	$0	$0
MARK MILLER	SECRETARY / TREASURER	5.00	Director	$0	$0	$0
MICHAEL BUNYANER	DIRECTOR	2.00	Director	$0	$0	$0
RODGER DEROSE	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA GLADSTONE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KATZ	DIRECTOR	2.00	Director	$0	$0	$0
VICKI KELLOGG T0 MARCH 2023	DIRECTOR	2.00	Director	$0	$0	$0
ADAM MEYER	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA PANTZER	DIRECTOR	2.00	Director	$0	$0	$0
ITZHAK PERLMAN	DIRECTOR	20.00	Director	$0	$0	$0
KAREN SEYMOUR	DIRECTOR	2.00	Director	$0	$0	$0
LAURA SLOATE	DIRECTOR	2.00	Director	$0	$0	$0
CAITLIN TULLY	DIRECTOR	2.00	Director	$0	$0	$0
RANDALL YUEN	DIRECTOR	2.00	Director	$0	$0	$0
ANNA KAPLAN	EXECUTIVE DIRECTOR	40.00	Officer	$206,000	$6,778	$212,778
JESSICA DENARO	DIRECTOR OF DEVELOPMENT	40.00	Highest	$137,853	$26,099	$163,952
SHELLEY PYERS	ASSOCIATE DIRECTOR OF DEVELOPMENT	40.00	Highest	$111,240	$4,108	$115,348
PAUL WOLFRAM	ASSISTANT DIRECTOR OF DEVELOPMENT	40.00	Highest	$103,000	$3,688	$106,688

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	$4,454,539	$3,242,287	$17,173,216	$1,212,252
2023	$602,534	$783,205	$15,251,011	$-180,671
2023	$590,290	$783,205	$15,251,011	$-192,915
2022	$4,096,327	$2,955,024	$14,550,935	$1,141,303
2022	$4,876,364	$2,985,061	$15,300,935	$1,891,303
2021	$4,419,136	$2,689,295	$15,190,852	$1,729,841
2020	$2,485,896	$2,164,597	$13,321,429	$321,299
2019	$3,124,140	$2,760,804	$12,742,995	$363,336
2018	$2,916,946	$2,851,793	$12,347,820	$65,153

THE PERLMAN MUSIC PROGRAM INC