IRIS ORCHESTRA INC

EIN: 204091251 501(c)(3) Arts, Culture & Humanities

GERMANTOWN, TN

Total Revenue
$480,412
Total Expenses
$549,638
Total Assets
$490,772
Net Assets
$484,832
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TN
Principal Officer
JAMES ADAMS
Phone
9017469948
Tax Period
2024-07-01 to 2025-06-30

IRIS ORCHESTRA INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $480K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $550K exceeded revenue, resulting in a 14% operating deficit.

Mission

IRIS ORCHESTRA, INC. D/B/A/IRIS COLLECTIVE IS A NONPROFIT ARTS ORGANIZATION DEDICATED TO ADVANCING MUSIC EDUCATION, PERFORMANCE, AND COMMUNITY ENGAGEMENT FOR PUBLIC BENEFIT. BUILDING ON THE MISSION OF IRIS ORCHESTRA, THE ORGANIZATION EXPANDS ACCESS TO HIGH-QUALITY MUSICAL EXPERIENCES THROUGH PERFORMANCES, EDUCATIONAL PROGRAMS, AND PARTICIPATORY INITIATIVES THAT SERVE DIVERSE COMMUNITIES. ITS WORK SUPPORTS THE CREATION, PRESENTATION, AND APPRECIATION OF MUSIC WHILE FOSTERING MEANINGFUL CONNECTIONS AMONG INDIVIDUALS AND COMMUNITIES. ALL ACTIVITIES ARE CONDUCTED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $367,323
Program Service Revenue $98,242
Investment Income $14,847
Other Revenue $0
TOTAL REVENUE $480,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $238,933
Fundraising Expenses $47,880
Program Expenses $385,108
Other Expenses $310,705
TOTAL EXPENSES $549,638

Year-over-Year Comparison

2024 2023 Change
Revenue $480,412 $748,952 -0.4%
Expenses $549,638 $583,821 -0.1%
Net Income $-69,226 $165,131 -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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Governance

Voting Members
14
Independent Members
14
Employees
8
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
4
$80,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JAMES BO ADAMS CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL PEELER TREASURER 1.00
Officer Director
$0 $0 $0
MERYL ROSEN SECRETARY 1.00
Officer Director
$0 $0 $0
DAVE DEPETERS DIRECTOR 1.00
Director
$0 $0 $0
MITCHELL DEAN DIRECTOR 1.00
Director
$0 $0 $0
DR THOMAS RATLIFF DIRECTOR 1.00
Director
$0 $0 $0
DR JOAN CHESNEY DIRECTOR 1.00
Director
$0 $0 $0
TED KITAI DIRECTOR 1.00
Director
$0 $0 $0
SHELLEY SHANAMAN DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY EASON DIRECTOR 1.00
Director
$0 $0 $0
CAEN THOMASON-REDUS DIRECTOR 1.00
Director
$0 $0 $0
DR FEDORIA RUGLESS DIRECTOR 1.00
Director
$0 $0 $0
JULIE ACOSTA DIRECTOR 1.00
Director
$0 $0 $0
BRODY WAMBLE DIRECTOR 1.00
Director
$0 $0 $0
REBECCA ARENDT EXECUTIVE DIRECTOR 40.00
Officer
$80,000 $0 $80,000
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 $480,412 $549,638 $490,772 $-69,226
2024 $748,952 $583,821 $559,708 $165,131
2023 $518,597 $497,659 $391,572 $20,938
2022 $995,626 $879,852 $372,119 $115,774
2021 $597,859 $577,537 $485,100 $20,322
2020 $883,913 $817,582 $364,878 $66,331
2019 $782,695 $779,232 $369,368 $3,463
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