Albany Pro Musica 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

1981

Legal Domicile

Principal Officer

Tom McGuire

Phone

5184386548

Tax Period

2024-07-01 to 2025-06-30

Albany Pro Musica Inc, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $300K, a strong 28% operating margin.

Mission

Albany Pro Musicas mission is to perform a broad spectrum of quality choral music at the highest levels of artistic excellence that inspires and transforms our audiences and to provide exceptional educational experiences that advance the choral art amoung new generations of singers.

Program Service Accomplishments

Program 1

Expenses: $496,639 Revenue: $153,788

Albany Pro Musica (APM) offers four series concerts each season plus numerous special performances with distinguished local, national, and international partners, with a deliberately curated...

Albany Pro Musica (APM) offers four series concerts each season plus numerous special performances with distinguished local, national, and international partners, with a deliberately curated repertoire that includes classical masterpieces from the choral canon, compositions from modern and contemporary composers, and popular selections form the worlds of Broadway, traditional, folk music and more. APMs composer-in-residence project has resulted in the commissioning and premiers of numerous new compositions. APM also provides several educational programs, including a High School Choral Festival, a competitive youth apprenticeship program, materclasses for students, and the Pro Musica International Choral Festival.

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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 $883,052

Program Service Revenue $153,788

Investment Income $30,995

Other Revenue $0

TOTAL REVENUE $1,067,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,092

Fundraising Expenses $100,338

Program Expenses $496,639

Other Expenses $364,639

TOTAL EXPENSES $767,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,067,835	$988,890	+0.1%
Expenses	$767,731	$982,799	-0.2%
Net Income	$300,104	$6,091	+48.3%

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

146

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

$168,749

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jose Daniel Flores-Caraballo	Artistic /Executive Director	40.00	Officer Highest	$159,155	$9,594	$168,749
Rex Smith	President	5.00	Officer Director	$0	$0	$0
Marion Terenzio	Vice President	1.00	Officer Director	$0	$0	$0
Jonathan E Hansen	Secretary	1.00	Officer Director	$0	$0	$0
Tom McGuire	Treasurer	1.00	Officer Director	$0	$0	$0
Jeanette Altarriba	At-Large Member	1.00	Director	$0	$0	$0
Michael Whiteman	At-Large Member	1.00	Director	$0	$0	$0
Eric Arndt	Director	1.00	Director	$0	$0	$0
M Tracey Brooks	Director	1.00	Director	$0	$0	$0
Al De Salvo	Director	1.00	Director	$0	$0	$0
Robert T Hennes	Director	1.00	Director	$0	$0	$0
Christine Hoek	Director	1.00	Director	$0	$0	$0
Gwen Krause	Director	1.00	Director	$0	$0	$0
Darcy Crum Meadows	Director	1.00	Director	$0	$0	$0
Douglas Petersen	Director	1.00	Director	$0	$0	$0
Russ Wilks	Director	1.00	Director	$0	$0	$0
Michael Wolff	Director	1.00	Director	$0	$0	$0
Edelgard Wulfert	Director	1.00	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
2025	$1,067,835	$767,731	$1,411,818	$300,104
2024	$988,890	$982,799	$1,021,409	$6,091
2023	$587,463	$727,175	$1,003,210	$-139,712
2022	$710,352	$643,874	$1,087,348	$66,478
2021	$631,570	$490,329	$902,529	$141,241
2020	$727,173	$478,111	$745,876	$249,062
2019	$453,902	$478,196	$162,473	$-24,294