MARKET SQUARE CONCERTS

EIN: 222570747 501(c)(3) Arts, Culture & Humanities

HARRISBURG, PA

Total Revenue
$321,305
Total Expenses
$234,902
Total Assets
$775,868
Net Assets
$768,926
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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
1984
Legal Domicile
PA
Principal Officer
YA-TING CHANG
Phone
7172219599
Tax Period
2024-07-01 to 2025-06-30

MARKET SQUARE CONCERTS, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $321K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 27% operating margin.

Mission

MARKET SQUARE CONCERTS IS DEDICATED TO THE PRESENTATION OF A WIDE REPERTOIRE OF CHAMBER MUSIC PERFORMED BY DISTINGUISHED PROFESSIONAL ARTISTS, BOTH ESTABLISHED AND EMERGING. OUR MISSION ALSO INCLUDES THE EDUCATION AND ENGAGEMENT OF THE GENERAL PUBLIC IN THE CHAMBER MUSIC ART FORM, AS WELL AS COLLABORATION WITH OTHER ARTS ORGANIZATIONS AND COMMUNITY PARTNERSHIPS. WITH REGULAR SEASON CONCERTS, MARKET SQUARE CONCERTS PRESENTS PREMIERES OF NEW COMPOSED MUSIC, AS WELL AS THE MONUMENTAL WORKS FROM THE MOST REVERED COMPOSERS FROM THE PAST AND PRESENT.

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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 $220,128
Program Service Revenue $40,183
Investment Income $53,395
Other Revenue $7,599
TOTAL REVENUE $321,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,523
Fundraising Expenses $19,697
Program Expenses $172,018
Other Expenses $129,379
TOTAL EXPENSES $234,902

Year-over-Year Comparison

2024 2023 Change
Revenue $321,305 $252,623 +0.3%
Expenses $234,902 $221,721 +0.1%
Net Income $86,403 $30,902 +1.8%
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

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Governance

Voting Members
22
Independent Members
22
Employees
4
Volunteers
11

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
6
$64,000
Total Directors
24
$64,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN LAUDENSLAGER PRESIDENT 1.50
Officer Director
$0 $0 $0
RAYMOND HARRIS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
KAREN LEHMAN SECRETARY 1.00
Officer Director
$0 $0 $0
WILLIAM M MURRAY TREASURER 1.50
Officer Director
$0 $0 $0
THOMAS V ARNOLDI TRUSTEE 1.00
Director
$0 $0 $0
JAMES COWDEN TRUSTEE 1.00
Director
$0 $0 $0
SCOTT EHRIG TRUSTEE 1.00
Director
$0 $0 $0
CHARLES K FETTERHOFF JR TRUSTEE 1.00
Director
$0 $0 $0
LUANNE GLESSNER TRUSTEE 1.00
Director
$0 $0 $0
ROGER LEVIN TRUSTEE 1.00
Director
$0 $0 $0
MARTY MARGOLIS TRUSTEE 1.00
Director
$0 $0 $0
LUCY MILLER MURRAY TRUSTEE 1.00
Director
$0 $0 $0
LINDA R PHEASANT TRUSTEE 1.00
Director
$0 $0 $0
HAROLD RABIN TRUSTEE 1.00
Director
$0 $0 $0
BONNIE RANNELS TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER A SCHRAMM TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN SCOFIELD TRUSTEE 1.00
Director
$0 $0 $0
HILARY M SIMPSON TRUSTEE 1.00
Director
$0 $0 $0
ANNIE STANDLEY TRUSTEE 1.00
Director
$0 $0 $0
H RALPH VARTAN TRUSTEE 1.00
Director
$0 $0 $0
DAVID W VOLKMAN TRUSTEE 1.00
Director
$0 $0 $0
JEFF WOODRUFF TRUSTEE 1.00
Director
$0 $0 $0
YA-TING CHANG CO-DIRECTOR 28.00
Officer Director
$32,000 $0 $32,000
PETER SIROTIN CO-DIRECTOR 26.00
Officer Director
$32,000 $0 $32,000
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 $321,305 $234,902 $775,868 $86,403
2024 $252,623 $221,721 $666,010 $30,902
2023 $216,357 $211,430 $550,080 $4,927
2022 $307,041 $223,183 $457,877 $83,858
2021 $226,835 $158,060 $507,575 $68,775
2020 $205,241 $178,747 $371,423 $26,494
2019 $207,691 $179,049 $316,669 $28,642
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