THE FRIENDS OF THE WANAMAKER ORGAN (EIN 232730166) - 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

1993

Legal Domicile

Principal Officer

RAY BISWANGER

Phone

4846847250

Tax Period

2023-01-01 to 2023-12-31

THE FRIENDS OF THE WANAMAKER ORGAN, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $509K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $586K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE FRIENDS OF THE WANAMAKER ORGAN, INC. IS A NONPROFIT ORGANIZATION RESPONSIBLE FOR PROMOTING THE RESTORATION, REVITALIZATION AND THE CONTINUED USE OF ONE OF THE WORLD'S PREMIER MUSICAL INSTRUMENTS, THE WANAMAKER ORGAN. THE ORGANIZATION CELEBRATES THE HERITAGE OF THIS NATIONAL HISTORIC LANDMARK PIPE ORGAN BY HOLDING FREE CONCERTS, CONDUCTING SEMINARS AND BY PUBLISHING A QUARTERLY EDUCATIONAL NEWSLETTER.

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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 $467,010

Program Service Revenue $14,720

Investment Income $17,553

Other Revenue $9,373

TOTAL REVENUE $508,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,842

Fundraising Expenses $35,210

Program Expenses $480,210

Other Expenses $275,913

TOTAL EXPENSES $585,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$508,656	$588,804	-0.1%
Expenses	$585,755	$708,258	-0.2%
Net Income	$-77,099	$-119,454	-0.4%

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

$87,086

Total Directors

$87,086

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS ELWELL	TRUSTEE	1.00	Director	$0	$0	$0
BILL EADS	TRUSTEE	1.00	Director	$0	$0	$0
COLVIN L RANDALL	SECRETARY	1.00	Officer Director	$0	$0	$0
RUDY LUCENTE	TREASURER	2.00	Officer Director	$0	$0	$0
RAY BISWANGER	PRESIDENT, E	20.00	Officer Director	$87,086	$0	$87,086
DAN DRURY	SECRETARY	6.00	Director	$0	$0	$0
GORDON TURK	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$508,656	$585,755	$903,194	$-77,099
2022	$588,804	$708,258	$995,972	$-119,454
2021	$750,903	$663,267	$1,180,107	$87,636
2020	$311,963	$560,102	$970,359	$-248,139
2019	$903,768	$907,565	$1,160,375	$-3,797
2018	$927,614	$602,364	$1,096,193	$325,250

THE FRIENDS OF THE WANAMAKER ORGAN