SUSQUEHANNA FOLK MUSIC SOCIETY INC

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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

1985

Legal Domicile

Principal Officer

Peter Winter Lee

Phone

7177456577

Tax Period

2023-09-01 to 2024-08-31

SUSQUEHANNA FOLK MUSIC SOCIETY INC, founded in 1985, is a small nonprofit that reported $204K in total revenue in fiscal year 2023. Expenses of $195K left a modest 5% surplus.

Mission

The Society is dedicated to the advancement, promotion and preservation of traditional, contemporary and international folk music, folk dance, and folk arts and culture.

Program Service Accomplishments

Program 1

Expenses: $71,424 Revenue: $37,317

The Society presented, co-produced or co-promoted 16 ticketed events and 22 free events during year-round programming focusing on the fall, winter and spring seasons. The ticketed events comprised 14 concerts, a music harvest-dinner, and a music workshop. The Society also offered discounted tickets to two other concerts and a dance. The free events comprised eight jams and song swaps, music performances at four county-park special events, three open mics, two coffeehouses, a dance workshop, an old-time market jam, an apprenticeship celebration, a folk artists gathering, and a volunteer appreciation dinner. The total attendance at all events was approximately 2,850 (1,744 for ticketed events and 1,106 for free events).

Program 2

Expenses: $70,896 Revenue: $20,679

The Society presented a three-day summer folk festival at a performing arts center featuring both ticketed and free events. The ticketed events comprised five concerts and three dances. The free...

The Society presented a three-day summer folk festival at a performing arts center featuring both ticketed and free events. The ticketed events comprised five concerts and three dances. The free events comprised five music performances -- including an emerging artist showcase and a Library of Congress archive challenge -- as well as an old-time market jam and special children's programming. The attendance at all festival events was approximately 1,042 (714 for ticketed events and 328 for free events).

Program 3

Expenses: $17,826 Revenue: $0

The Society presented year-round support services, on behalf of a state-government arts agency, to significant folk and traditional artists from a three-county area. The services included an online folk arts center with artist profiles/spotlights and resources; workshops to assess needs and offer assistance; and opportunities for public performance. Approximately 55 artists were supported by these services.

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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 $146,373

Program Service Revenue $57,996

Investment Income $0

Other Revenue $61

TOTAL REVENUE $204,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,819

Fundraising Expenses $16,000

Program Expenses $160,146

Other Expenses $157,354

TOTAL EXPENSES $195,173

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,430	N/A	N/A
Expenses	$195,173	N/A	N/A
Net Income	$9,257	$0	N/A

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

$35,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Winter Lee	Executive Director	40	Officer	$35,000	$0	$35,000
Steven Wennberg	President / Acting Secretary / Director	10	Officer Director	$0	$0	$0
Ezra Match	Vice President / Director	5	Officer Director	$0	$0	$0
Terry Bachmann	Vice President / Director	5	Officer Director	$0	$0	$0
Thomas Imholte	Treasurer / Director	5	Officer Director	$0	$0	$0
Zita Angelo	Director	2	Director	$0	$0	$0
Susan Craley	Director	2	Director	$0	$0	$0
William Gulvin	Director	2	Director	$0	$0	$0
Frederick Heagy	Director	2	Director	$0	$0	$0
Randall Heisley-Cato	Director	2	Director	$0	$0	$0
Karen Hostetter	Director	2	Director	$0	$0	$0
Eric Imfof	Director	2	Director	$0	$0	$0
Bruce Kolka	Director	2	Director	$0	$0	$0
Mary-Grace Autumn Lee	Director	2	Director	$0	$0	$0
Sara Willard Lee	Director	2	Director	$0	$0	$0
Devin Rice	Director	2	Director	$0	$0	$0
Nancy Sherer	Director	2	Director	$0	$0	$0
Eryn Spangler	Director	2	Director	$0	$0	$0
Bradley Weirich	Director	2	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	$204,430	$195,173	$63,157	$9,257