LESTER PETRILLO MEMORIAL TRUST FUN… - Form 990 Financial Data

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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

1951

Legal Domicile

Phone

2128691330

Tax Period

2025-01-01 to 2025-12-31

LESTER PETRILLO MEMORIAL TRUST FUND FOR DISABLED MUSICIANS, founded in 1951, is a micro nonprofit that reported $42K in total revenue in fiscal year 2025. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $13K, a strong 31% operating margin.

Mission

TO PROVIDE SUPPORT FOR DISABLED MUSICIANS.

Program Service Accomplishments

Program 1

Expenses: $29,050 Revenue: $0

PROVIDE BENEFIT PAYMENTS TO 35 MEMBERS OF THE AMERICAN FEDERATION OF MUSICIANS WHOSE PHYSICAL DISABILITIES PREVENT THEM FROM EARNING THEIR LIVELIHOODS AS MUSICIANS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $22,582

Program Service Revenue $0

Investment Income $19,430

Other Revenue $0

TOTAL REVENUE $42,012

Expense Breakdown

Grants Paid $29,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,050

Other Expenses $0

TOTAL EXPENSES $29,050

Year-over-Year Comparison

	2025	2024	Change
Revenue	$42,012	$47,103	-0.1%
Expenses	$29,050	$33,500	-0.1%
Net Income	$12,962	$13,603	0.0%

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

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

$671,740

Total Directors

$767,567

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISTAIR ELLIOTT	VICE PRESIDENT	2.0	Officer Director	$0	$30,148	$193,525
AUGUSTINO GAGLIARDI	PRESIDENT	6.0	Officer Director	$0	$42,199	$236,250
DAVE POMEROY	EXECUTIVE COMMITTEE, VP	1.0	Officer Director	$0	$2,770	$23,770
KENNETH SHIRK	SECRETARY/TREASURER	6.0	Officer Director	$0	$54,818	$218,195
EDGARDO MALAGA	EXECUTIVE COMMITTEE	1.0	Director	$0	$2,243	$19,247
JOHN ACOSTA	EXECUTIVE COMMITTEE	1.0	Director	$0	$2,243	$19,247
LUC FORTIN	EXECUTIVE COMMITTEE	1.0	Director	$0	$2,039	$19,043
MARY C MORRISON	EXECUTIVE COMMITTEE	1.0	Director	$0	$2,243	$19,247
TERESA DUSTY KELLY	EXECUTIVE COMMITTEE	1.0	Director	$0	$2,039	$19,043

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	$42,012	$29,050	$623,814	$12,962
2024	No data	No data	No data	No data
2023	$46,126	$35,750	$597,249	$10,376
2022	$29,090	$33,444	$586,873	$-4,354
2021	$20,437	$27,973	$591,227	$-7,536
2020	$23,235	$29,073	$602,013	$-5,838
2019	$34,553	$24,476	$604,601	$10,077
2018	$33,109	$21,812	$594,524	$11,297

LESTER PETRILLO MEMORIAL TRUST FUND FOR DISABLED MUSICIANS