DAPONTE STRING QUARTET FOUNDATION (EIN 223140085) - 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

1992

Legal Domicile

Principal Officer

David Shipman

Phone

2078441166

Tax Period

2024-01-01 to 2024-12-31

DAPONTE STRING QUARTET FOUNDATION, founded in 1992, is a small nonprofit that reported $342K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 17% operating margin.

Mission

The Mission of the DaPonte String Quartet Foundation is to enable the musicians of the DaPonte String Quartet to cultivate appreciation for chamber music through distinctive performance, educational outreach, and collaboration with other 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 (2024)

Revenue Breakdown

Contributions & Grants $272,465

Program Service Revenue $54,330

Investment Income $14,766

Other Revenue $0

TOTAL REVENUE $341,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,182

Fundraising Expenses $11,965

Program Expenses $231,436

Other Expenses $68,840

TOTAL EXPENSES $284,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,561	$239,922	+0.4%
Expenses	$284,022	$240,127	+0.2%
Net Income	$57,539	$-205	-281.7%

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

$147,333

Key Employees

$187,333

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lydia Forbes	Director	40	Director Key Emp	$41,000	$0	$41,000
Kirsten Monke	Director	40	Director Key Emp	$41,000	$0	$41,000
Myles Jordan	Director	40	Director Key Emp	$41,000	$0	$41,000
Ferdinand Liva	Executive Director	40	Key Emp	$40,000	$0	$40,000
Phillip Ellsner	Director	40	Director Key Emp	$24,333	$0	$24,333
Chary Cole	Director	5	Director	$0	$0	$0
Scott Budde	Director	5	Director	$0	$0	$0
Jane Strauss	Director	5	Director	$0	$0	$0
Carol Briselli	Director	5	Director	$0	$0	$0
Alex Barker	Director	5	Director	$0	$0	$0
Kerry Emmanuel	Director	5	Director	$0	$0	$0
David Shipman	Director & President	5	Officer	$0	$0	$0
Scott Miller	Director and Treasurer	5	Officer	$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	$341,561	$284,022	$379,183	$57,539
2023	$239,922	$240,127	$321,644	$-205
2022	$274,705	$273,730	$321,849	$975
2021	$403,825	$247,339	$374,776	$156,486
2020	$272,856	$222,923	$258,603	$49,933

DAPONTE STRING QUARTET FOUNDATION