LUZERNE MUSIC CENTER INC (EIN 222765869) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

KARL ESCHELBACH

Phone

5186962771

Tax Period

2023-10-01 to 2024-09-30

LUZERNE MUSIC CENTER INC, founded in 1982, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $252K, a strong 16% operating margin.

Mission

TO TEACH, INSPIRE, AND MENTOR TALENTED CHILDREN FROM 9 TO 18 IN ALL ASPECTS OF MUSICAL EXPRESSION, WHETHER THEIR GOAL IS A CAREER IN MUSIC OR SIMPLY TO ENRICH THEIR LIVES, AND TO DO SO IN AN ADIRONDACK SETTING RICH IN RECREATIONAL OPPORTUNITIES. THAT MISSION EXTENDS TO RECRUITMENT OF AN OUTSTANDING PROFESSIONAL STAFF OF SKILLED MUSICIANS.

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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 $916,016

Program Service Revenue $485,906

Investment Income $3,107

Other Revenue $160,014

TOTAL REVENUE $1,565,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $650,952

Fundraising Expenses $0

Program Expenses $1,009,403

Other Expenses $661,620

TOTAL EXPENSES $1,312,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,565,043	$1,401,169	+0.1%
Expenses	$1,312,572	$1,118,514	+0.2%
Net Income	$252,471	$282,655	-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

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
ANGELA HUANG	BOARD MEMBER	4.00	Director	$0	$0	$0
MICHAEL CONWAY	CHAIRMAN	4.00	Officer Director	$0	$0	$0
KIONO THOMAS	SECRETARY	4.00	Officer Director	$0	$0	$0
KARL ESCHELBACH	TREASURER	4.00	Officer Director	$0	$0	$0
ELIZABETH PITCAIRN	CEO & DIRECTOR	25.00	Officer Director	$0	$0	$0
TERRI CERVENY	BOARD MEMBER	4.00	Director	$0	$0	$0
DOUGLAS MOENCH	BOARD MEMBER	4.00	Director	$0	$0	$0
ARTHUR HAVIGHORST II	VICE CHAIRMAN	4.00	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
2024	$1,565,043	$1,312,572	$4,539,350	$252,471
2023	$1,401,169	$1,118,514	$4,292,077	$282,655
2022	$1,808,290	$1,036,941	$3,754,619	$771,349
2021	$1,784,731	$771,080	$3,395,244	$1,013,651
2020	$1,363,599	$276,644	$1,883,072	$1,086,955
2019	$1,261,727	$1,208,455	$747,416	$53,272
2018	$1,336,344	$1,121,910	$661,144	$214,434

LUZERNE MUSIC CENTER INC