Youth Orchestras of Charlotte

EIN: 203246375 501(c)(3) Arts, Culture & Humanities

Charlotte, NC

Total Revenue
$214,280
Total Expenses
$214,858
Total Assets
$180,414
Net Assets
$171,344
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NC
Principal Officer
Elizabeth Burns
Phone
7046611612
Tax Period
2023-07-01 to 2024-06-30

Youth Orchestras of Charlotte is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

With commitment and dedication to musical excellence and rigor as well as diversity and inclusiveness, it is the mission of the Youth Orchestras of Charlotte to inspire and nurture the musical talents of youth in the greater Charlotte area, serving both North and South Carolina students. Through full symphonic and chamber music rehearsal and performance opportunities, our musicians will receive the highestquality instruction in chamber and orchestral music from area professional symphonicmusicians and educators

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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 $29,780
Program Service Revenue $173,361
Investment Income $22
Other Revenue $11,117
TOTAL REVENUE $214,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,216
Fundraising Expenses $0
Program Expenses $201,897
Other Expenses $117,642
TOTAL EXPENSES $214,858

Year-over-Year Comparison

2023 2022 Change
Revenue $214,280 $192,983 +0.1%
Expenses $214,858 $206,223 +0.0%
Net Income $-578 $-13,240 -1.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
6
Volunteers
50

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
6
$43,398
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christine Rydel Former Ex. Dir. 40.00
Officer
$30,485 $0 $30,485
Elizabeth Burns Current Ex. Dir 40.00
Officer
$12,913 $0 $12,913
Whitney Peters At Large 2.00
Director
$0 $0 $0
Abdullah Birdsong At Large 2.00
Director
$0 $0 $0
Kenneth Jackson President 10.00
Officer Director
$0 $0 $0
Yelena Moshkovsky Treasurer 5.00
Officer Director
$0 $0 $0
Beth Garges At Large 2.00
Director
$0 $0 $0
Richard van der Kraan Secretary 5.00
Officer Director
$0 $0 $0
Christopher Wescott Vice President 2.00
Officer Director
$0 $0 $0
Mike Negus At Large 2.00
Director
$0 $0 $0
Christina Chin At Large 2.00
Director
$0 $0 $0
Donna Kiser At Large 2.00
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 $214,280 $214,858 $180,414 $-578
2022 $214,922 $209,688 $193,491 $5,234
2020 $200,235 $221,721 $144,393 $-21,486
2019 $222,047 $171,564 $184,410 $50,483
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