DAPONTE STRING QUARTET FOUNDATION

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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 the art of chamber music through distinctive performance and educational outreach.

Program Service Accomplishments

Program 1

Expenses: $17,000 Revenue: $0

DSQF continued its longstanding tradition of providing exceptional opportunities to youth and adult string players in 2024. The DaPonte String Quartet restarted the Institute hosting the Holly...

DSQF continued its longstanding tradition of providing exceptional opportunities to youth and adult string players in 2024. The DaPonte String Quartet restarted the Institute hosting the Holly Quartet from the University of South Florida close instruction followed by a public concert. There was no cost to the students. For adults, DSQF held weekend two workshops in 2024.

Program 2

Expenses: $190,436 Revenue: $35,000

In keeping with its mission, the Daponte String Quartet Foundation continued to bring world class performances to audiences along coastal Maine from Sanford to Eastport including a candlelight...

In keeping with its mission, the Daponte String Quartet Foundation continued to bring world class performances to audiences along coastal Maine from Sanford to Eastport including a candlelight concert in the Old Walpole Meetinghouse which was built in 1772. Overall, 3 concert series were performed in addition to several individual concerts totaling more than 30 concerts in 10 venues. The group also presented 2 guest artists. The concert schedule included a concert on Great Cranberry Island off the coast of Maine.

Program 3

Expenses: $24,000 Revenue: $0

After a thorough search for 18 months, DSQF was able to restore a fourth player and hired Philipp Ellsner

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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