TROY CHROMATIC CONCERTS INC (EIN 146025481) - 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

1896

Legal Domicile

Principal Officer

KARL MOSCHNER

Phone

5182745941

Tax Period

2022-07-01 to 2023-06-30

TROY CHROMATIC CONCERTS INC, founded in 1896, is a small nonprofit that reported $133K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 874% operating deficit.

Mission

TO CULTIVATE, PROMOTE AND ENCOURAGE AN APPRECIATION FOR A RANGE OF MUSIC, PERFORMANCES AND PERFORMERS THROUGH A SERIES OF LIVE CLASSICAL CONCERTS INCLUDING A VARIETY OF GUEST ARTISTS AND ENSEMBLES; THUS SUPPORTING, PROMOTING AND ENHANCING THE REPUTATION OF THE GREATER TROY AREA AS A SIGNIFICANT VENUE FOR THE MUSICAL ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $37,191

Program Service Revenue $39,827

Investment Income $55,915

Other Revenue $0

TOTAL REVENUE $132,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,256,709

Other Expenses $1,294,503

TOTAL EXPENSES $1,294,503

Year-over-Year Comparison

	2022	2021	Change
Revenue	$132,933	$180,620	-0.3%
Expenses	$1,294,503	$114,916	+10.3%
Net Income	$-1,161,570	$65,704	-18.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL MOSCHNER	President	4.00	Officer Director	$0	$0	$0
LESLI GARNET	BOARD MEMBER	4.00	Director	$0	$0	$0
ELISSA PROUT	Treasurer	4.00	Officer Director	$0	$0	$0
EPHRAIM GLINERT	BOARD MEMBER	4.00	Director	$0	$0	$0
JON ELBAUM	Executive Dir.	4.00	Officer Director	$0	$0	$0
DAVID GRIMM	BOARD MEMBER	4.00	Director	$0	$0	$0
RONALD GEUTHER	Vice President	4.00	Officer Director	$0	$0	$0
PAUL SULZMANN	BOARD MEMBER	4.00	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
2023	$132,933	$1,294,503	No data	$-1,161,570
2022	$180,620	$114,916	$1,120,695	$65,704
2021	$38,999	$23,171	$1,364,229	$15,828

TROY CHROMATIC CONCERTS INC