NORTHSOUTH CONSONANCE 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

1981

Legal Domicile

Principal Officer

MAX LIFCHITZ

Phone

2126637566

Tax Period

2024-01-01 to 2024-12-31

NORTHSOUTH CONSONANCE INC, founded in 1981, is a small nonprofit that reported $265K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $129K, a strong 49% operating margin.

Mission

NORTH/SOUTH CONSONANCE, INC. HAS AS ITS MISSION THE PROMOTION, PERFORMANCE AND RECORDING OF MUSIC BY AMERICAN AND LATIN AMERICAN COMPOSERS.

Program Service Accomplishments

Program 1

Expenses: $107,059

SPONSORED TWELVE CONCERTS IN NEW YORK CITY AND THREE IN ALBANY, NY. ALL FIFTEEN CONCERTS WERE STREAMED THROUGH YOUTUBE AND/OR OTHER STREAMING PLATFORMS. A TOTAL OF 1,093 INDIVIDUALS ATTENDED IN...

SPONSORED TWELVE CONCERTS IN NEW YORK CITY AND THREE IN ALBANY, NY. ALL FIFTEEN CONCERTS WERE STREAMED THROUGH YOUTUBE AND/OR OTHER STREAMING PLATFORMS. A TOTAL OF 1,093 INDIVIDUALS ATTENDED IN PERSON WHILE A TOTAL OF 3,630 INDIVIDUALS TUNED IN (WATCHED/LISTENED) TO THESE CONCERTS.

Program 2

Expenses: $20,303

EDITED AND MASTERED THREE NEW COMPACT DISC FEARTURING MUSIC BY AMERICAN COMPOSERS.

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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 $174,949

Program Service Revenue $13,982

Investment Income $75,416

Other Revenue $280

TOTAL REVENUE $264,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,099

Fundraising Expenses $0

Program Expenses $127,362

Other Expenses $53,447

TOTAL EXPENSES $135,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,627	$220,944	+0.2%
Expenses	$135,546	$136,197	0.0%
Net Income	$129,081	$84,747	+0.5%

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

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

$7,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAX LIFCHITZ	Secretary/Treas	5.00	Director	$7,008	$0	$7,008
DR FIMA LIFSHITZ	Chairman	1.00	Director	$0	$0	$0
DR LAURA ELLIS	President	1.00	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
2024	$264,627	$135,546	$1,208,000	$129,081
2023	$220,944	$136,197	$984,962	$84,747
2022	$169,237	$87,757	$887,047	$81,480
2021	$131,546	$33,413	$920,254	$98,133
2020	$108,331	$21,850	$784,205	$86,481
2019	$116,790	$46,989	$617,735	$69,801