Musical & Entertainment Society

EIN: 230901642

Altoona, PA

Total Revenue
$211,148
Total Expenses
$207,626
Total Assets
$655,862
Net Assets
$655,328
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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
1921
Legal Domicile
PA
Principal Officer
Eric Mentzer
Phone
8149432566
Tax Period
2023-01-01 to 2023-12-31

Musical & Entertainment Society, founded in 1921, is a small nonprofit that reported $211K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Net assets of $655K represent 37 months of operating reserves.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROMOTE THE MUSICAL & ETHNIC TRADITION OF THE GERMAN AND AMERICAN PEOPLE

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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 (2023)

Revenue Breakdown

Contributions & Grants $18,891
Program Service Revenue $24,914
Investment Income $3,053
Other Revenue $164,290
TOTAL REVENUE $211,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,334
Fundraising Expenses $0
Other Expenses $141,292
TOTAL EXPENSES $207,626

Year-over-Year Comparison

2023 2022 Change
Revenue $211,148 $256,509 -0.2%
Expenses $207,626 $210,227 0.0%
Net Income $3,522 $46,282 -0.9%
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
10
Independent Members
10
Employees
15
Volunteers
200

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
5
$0
Total Directors
5
$0
Key Employees
2
$33,990
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH OBERNEDER PRESIDENT 20.00
Officer
$0 $0 $0
BETH SEIDEL VICE PRESIDENT 3.00
Officer
$0 $0 $0
ERIK MENTZER TREASURER 20.00
Officer
$0 $0 $0
MARY OBERNEDER FIN/SEC 20.00
Officer
$0 $0 $0
David Roth REC/SEC 3.00
Officer
$0 $0 $0
TERRI WEAKLAND TRUSTEE 3.00
Director
$0 $0 $0
DOT OBERNEDER TRUSTEE 3.00
Director
$0 $0 $0
ELIZABETH A WIESINGER STEWARD 20.00
Key Emp
$27,269 $0 $27,269
John Bollinger Trustee 3.00
Director
$0 $0 $0
Carl A Conley III Trustee 3.00
Director
$0 $0 $0
Jarret Burly Trusteee 3.00
Director
$0 $0 $0
Cynthia Runk Steward 20.00
Key Emp
$6,721 $0 $6,721
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 No data No data No data No data
2023 $211,148 $207,626 $655,862 $3,522
2022 $256,509 $210,227 $653,847 $46,282
2021 $198,497 $155,340 $607,872 $43,157
2020 $110,646 $132,743 $568,882 $-22,097
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