PRINCETON PRO MUSICA

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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

1979

Legal Domicile

Principal Officer

MARY TRIGG

Phone

6096835122

Tax Period

2023-07-01 to 2024-06-30

PRINCETON PRO MUSICA, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $342K in total revenue in fiscal year 2023. Expenses of $379K exceeded revenue, resulting in a 11% operating deficit.

Mission

LAWS OF THE STATE OF NEW JERSEY. THE MISSION OF THE ORGANIZATION IS TO PERFORM CHORAL MASTERWORKS AND OTHER WORKS OF THE CHORAL LITERATURE WITH ENERGY, PASSION, AND UNCOMPROMISING ARTISTIC EXCELLENCE. THE ORGANIZATION BELIEVES IN THE POWER OF CHORAL MUSIC TO UPLIFT AND TRANSFORM OUR CURRENT AND FUTURE AUDIENCES, PERFORMERS, AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $269,883 Revenue: $94,637

TO PROVIDE MUSICAL ENTERTAINMENT AND CULTURAL AWARENESS OF THE ARTS TO THE GENERAL PUBLIC OF NEW JERSEY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $219,205

Program Service Revenue $94,637

Investment Income $7,071

Other Revenue $20,642

TOTAL REVENUE $341,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,712

Fundraising Expenses $24,049

Program Expenses $269,883

Other Expenses $279,555

TOTAL EXPENSES $379,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,555	$319,832	+0.1%
Expenses	$379,267	$372,889	+0.0%
Net Income	$-37,712	$-53,057	-0.3%

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

Volunteers

100

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
ERICA APPEL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CLAUDIA CLASSON	SECRETARY	2.00	Officer Director	$0	$0	$0
ELAINE CLISHAM	TRUSTEE	2.00	Director	$0	$0	$0
LISA DACUK-JULIUS	TRUSTEE	2.00	Officer Director	$0	$0	$0
ANGEL GARDNER	TRUSTEE	2.00	Officer Director	$0	$0	$0
JAN JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILL MCCORMICK	TRUSTEE	2.00	Officer Director	$0	$0	$0
GREG SARJEANT	TREASURER	2.00	Officer Director	$0	$0	$0
MELISSA SCOTT	TRUSTEE	2.00	Officer Director	$0	$0	$0
DANIEL SPIRA	TRUSTEE	2.00	Officer Director	$0	$0	$0
ANN STROOTMAN	TRUSTEE	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$341,555	$379,267	$598,201	$-37,712
2023	$319,832	$372,889	$577,638	$-53,057
2022	$369,622	$295,784	$590,385	$73,838
2021	$197,005	$109,002	$610,306	$88,003
2020	$253,984	$237,652	$428,716	$16,332
2019	$274,020	$298,072	$387,137	$-24,052
2018	$238,257	$254,919	$397,579	$-16,662