LESTER PETRILLO MEMORIAL TRUST FUND FOR DISABLED MUSICIANS

EIN: 136121367 501(c)(3)

NEW YORK, NY

Total Revenue
$46,126
Total Expenses
$35,750
Total Assets
$597,249
Net Assets
$597,249
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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
NY
Principal Officer
Augustino Gagliardi
Phone
2128691330
Tax Period
2023-01-01 to 2023-12-31

LESTER PETRILLO MEMORIAL TRUST FUND FOR DISABLED MUSICIANS, founded in 1951, is a micro nonprofit that reported $46K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 22% operating margin.

Mission

TO PROVIDE SUPPORT FOR DISABLED 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,095
Program Service Revenue $0
Investment Income $24,031
Other Revenue $0
TOTAL REVENUE $46,126

Expense Breakdown

Grants Paid $35,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,750
Other Expenses $0
TOTAL EXPENSES $35,750

Year-over-Year Comparison

2023 2022 Change
Revenue $46,126 $29,090 +0.6%
Expenses $35,750 $33,444 +0.1%
Net Income $10,376 $-4,354 -3.4%
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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Governance

Voting Members
9
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
7
$726,197
Total Directors
13
$810,358
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN WILLAERT VICE PRESIDENT 2.0
Officer Director
$0 $25,010 $179,064
KENNETH SHIRK SEC./TREASURER AS OF 8/1/23 2.0
Officer Director
$0 $46,860 $163,364
RAYMOND M HAIR JR PRESIDENT THRU 7/31/23 2.0
Officer Director
$0 $23,385 $135,336
JAY BLUMENTHAL SEC./TREASURER THRU 7/31/23 2.0
Officer Director
$0 $29,701 $119,123
AUGUSTINO GAGLIARDI PRESIDENT AS OF 8/1/23 2.0
Officer Director
$0 $20,575 $91,437
DAVE POMEROY EXECUTIVE COMMITTEE, VP 1.0
Officer Director
$0 $2,443 $20,969
JOHN ACOSTA EXECUTIVE COMMITTEE 1.0
Director
$0 $2,243 $19,247
EDGARDO MALAGA EXECUTIVE COMMITTEE 1.0
Director
$0 $2,243 $19,247
MARY C MORRISON EXECUTIVE COMMITTEE 1.0
Director
$0 $2,243 $19,247
BRUCE FIFE VICE PRESIDENT THRU 7/31/23 1.0
Officer Director
$0 $3,900 $16,904
TERRYL JARES WOLTJEN EXE. COMMITTEE THRU 7/31/23 1.0
Director
$0 $1,389 $11,918
LUC FORTIN EXE. COMMITTEE AS OF 8/1/23 1.0
Director
$0 $776 $7,251
TERESA KELLY EXE. COMMITTEE AS OF 8/1/23 1.0
Director
$0 $776 $7,251
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 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
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