NEW JERSEY FESTIVAL ORCHESTRA

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

Keith S Hertell

Tax Period

2023-07-01 to 2024-06-30

NEW JERSEY FESTIVAL ORCHESTRA, founded in 1985, is a small nonprofit that reported $713K in total revenue in fiscal year 2023. Expenses of $672K left a modest 6% surplus.

Mission

The Organization offers a series of musical concerts to the general public. The Organization is commited to bringing world class music to audiences in Westfield, throughout Union County, and beyond.

Program Service Accomplishments

Program 1

Expenses: $477,107 Revenue: $745,955

Concert performances for the general public

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $277,864

Program Service Revenue $321,219

Investment Income $36,307

Other Revenue $77,133

TOTAL REVENUE $712,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,476

Fundraising Expenses $22,416

Program Expenses $477,107

Other Expenses $128,735

TOTAL EXPENSES $672,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$712,523	$715,563	0.0%
Expenses	$672,211	$759,063	-0.1%
Net Income	$40,312	$-43,500	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

173

Volunteers

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

$144,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Wroe	Music Director	40.00	Key Emp	$99,376	$0	$99,376
Yifei Xu	Executive Director	40.00	Key Emp	$45,224	$0	$45,224
Philip Victor Rinaldi	Board Director	2.00	Director	$0	$0	$0
B Carol Molnar	Board Director	2.00	Director	$0	$0	$0
John Mangaviti	Board Director	2.00	Director	$0	$0	$0
Evan Topilow	Board Director	2.00	Director	$0	$0	$0
Jitendra Sharma	Board Director	2.00	Director	$0	$0	$0
Sharon Roush	Board Director	2.00	Director	$0	$0	$0
Norman Luka	Board Director	2.00	Director	$0	$0	$0
David Badertscher	Board Director	2.00	Director	$0	$0	$0
Michael Ash	Board Director	2.00	Director	$0	$0	$0
Damien Dossin	Board Director	2.00	Director	$0	$0	$0
Michael Linenberg	Board Director	2.00	Director	$0	$0	$0
Mark Fleder	Board Director	2.00	Director	$0	$0	$0
Keith S Hertell	Board Director	10.00	Officer Director	$0	$0	$0
Barry Zucker	Board Director	2.00	Officer Director	$0	$0	$0
Julia Sen	Board Director	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	$712,523	$672,211	$503,147	$40,312
2023	$715,563	$759,063	$456,416	$-43,500
2022	$528,365	$563,038	$485,902	$-34,673
2021	$351,901	$319,111	$524,535	$32,790
2021	$512,682	$320,765	$600,279	$191,917
2020	$525,843	$507,386	$501,913	$18,457
2019	$782,713	$614,127	$378,036	$168,586
2018	$547,917	$546,265	$284,748	$1,652