Summit Music Festival Inc

EIN: 133683247 501(c)(3) Arts, Culture & Humanities

Pleasantville, NY

Total Revenue
$176,241
Total Expenses
$224,482
Total Assets
$174,144
Net Assets
$163,109
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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
1992
Legal Domicile
NY
Principal Officer
David Krieger
Tax Period
2022-01-01 to 2022-12-31

Summit Music Festival Inc, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $176K in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 27% operating deficit.

Mission

A summer institute for extensive instrumental and ensemble training, presenting a world class concert series in Westchester County New York.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,040
Program Service Revenue $173,609
Investment Income $1,592
Other Revenue $0
TOTAL REVENUE $176,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,590
Fundraising Expenses $397
Program Expenses $185,695
Other Expenses $159,892
TOTAL EXPENSES $224,482

Year-over-Year Comparison

2022 2021 Change
Revenue $176,241 $261,124 -0.3%
Expenses $224,482 $141,250 +0.6%
Net Income $-48,241 $119,874 -1.4%
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

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Governance

Voting Members
8
Independent Members
6
Employees
2
Volunteers
3

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
4
$60,000
Total Directors
7
$60,000
Key Employees
2
$60,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Efrem Briskin Artistic Director 20.00
Officer Director Key Emp
$30,000 $0 $30,000
David Krieger Executive Director 20.00
Officer Director Key Emp
$30,000 $0 $30,000
Mary Smart Chairperson 3.00
Director
$0 $0 $0
Christina Khimm Rosand Director of Violin Department 3.00
Director
$0 $0 $0
Chistopher Landen Board Member 3.00
Director
$0 $0 $0
Jenine Lindner Secretary 3.00
Officer Director
$0 $0 $0
Laura Kimble Treasurer 5.00
Officer 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
2022 $176,241 $224,482 $174,144 $-48,241
2021 $261,124 $141,250 $241,198 $119,874
2020 $3,643 $28,846 $145,296 $-25,203
2019 $196,135 $210,264 $146,932 $-14,129
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