EMPIRE STATE YOUTH ORCHESTRA INC

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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

REBECCA CALOS

Phone

5183827581

Tax Period

2024-07-01 to 2025-06-30

EMPIRE STATE YOUTH ORCHESTRA INC, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $652K, a strong 23% operating margin.

Mission

EDUCATION OF YOUNG MUSICIANS

Program Service Accomplishments

Program 1

Expenses: $1,722,746 Revenue: $635,380

PERFORMANCE-BASED ACCOMPLISHMENTS: ANNUALLY APPROXIMATELY 30 PUBLIC PERFORMANCES ARE HELD COLLECTIVELY BY ESYO'S ENSEMBLES. CONCERTS HELD IN A VARIETY OF VENUES IN NY'S CAPITAL REGION. SOME CONCERTS REQUIRED PAID ADMISSION; MANY WERE FREE. TOTAL MUSICIANS IN ALL ENSEMBLES WAS OVER 500; MUSICIANS HAD TO AUDITION FOR MEMBERSHIP. MEMBERSHIP INCLUDES STUDENTS FROM GRADES 1-12.

Program 2

Revenue: $533,721

MUSIC-TRAINING ACCOMPLISHMENT: EXPANDED MUSIC-TRAINING PROGRAM: CHIME, PROVIDED FREE, DAILY MUSIC INSTRUCTION FOR ECONOMICALLY CHALLENGED ELEMENTARY STUDENT IN SCHENECTADY AND FREE, WEEKLY PRIVATE...

MUSIC-TRAINING ACCOMPLISHMENT: EXPANDED MUSIC-TRAINING PROGRAM: CHIME, PROVIDED FREE, DAILY MUSIC INSTRUCTION FOR ECONOMICALLY CHALLENGED ELEMENTARY STUDENT IN SCHENECTADY AND FREE, WEEKLY PRIVATE LESSONS FOR ECONOMICALLY CHALLENGED MIDDLE SCHOOL CHILDREN IN ALBANY AND SCHENECTADY. MASTER CLASSES AND RESIDENCIES WERE OFFERED. MIDDLE SCHOOL STUDENTS PARTICIPATED IN A PILOT NON-AUDITION BASED WIND AND BRASS CHAMBER PROGRAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,315,416

Program Service Revenue $1,169,101

Investment Income $177,693

Other Revenue $152,684

TOTAL REVENUE $2,814,894

Expense Breakdown

Grants Paid $33,924

Salaries & Benefits $1,306,659

Fundraising Expenses $121,274

Program Expenses $1,722,746

Other Expenses $822,700

TOTAL EXPENSES $2,163,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,814,894	$2,487,309	+0.1%
Expenses	$2,163,283	$1,886,721	+0.1%
Net Income	$651,611	$600,588	+0.1%

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

130

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

$188,522

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEE ADKINS	TREASURER	1.00	Officer Director	$0	$0	$0
HEATHER CHAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
OMAR WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER SHILEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT BENGRAFF	DIRECTOR	1.00	Director	$0	$0	$0
PETER LAURICELLA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW LACOPPOLA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEPEL	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDALL ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
BARRY RICHMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEFON HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
VIC BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SACAWA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN QUIARA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN AXFORD	DIRECTOR	1.00	Director	$0	$0	$0
AMY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE HART CRAIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
MELLISSA NIGRO	DIRECTOR	1.00	Director	$0	$0	$0
RAJESH AHUJA	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN RICCIO	DIRECTOR	1.00	Director	$0	$0	$0
DAN WEINHEIMER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA CALOS	EXECUTIVE DIRECTOR	40.00	Officer	$101,655	$10,251	$111,906
LISA STULMAKER	FINANCE DIRECTOR	40.00	Officer	$67,225	$9,391	$76,616

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	$2,814,894	$2,163,283	$5,168,577	$651,611
2024	$2,487,309	$1,886,721	$3,556,193	$600,588
2023	$2,792,066	$1,766,682	$3,624,374	$1,025,384
2022	$1,515,051	$1,509,467	$2,045,485	$5,584
2021	$1,463,577	$1,435,901	$2,250,713	$27,676
2020	$1,717,863	$1,747,186	$2,194,524	$-29,323
2019	$1,554,722	$1,622,299	$2,343,291	$-67,577
2018	$2,369,696	$1,422,699	$2,360,361	$946,997