INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS INC

EIN: 237139746 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$658,721
Total Expenses
$919,554
Total Assets
$1,240,101
Net Assets
$1,212,415
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
IN
Principal Officer
GLEN KWOK
Phone
3176374574
Tax Period
2024-08-01 to 2025-07-31

INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS INC, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $659K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $920K exceeded revenue, resulting in a 40% operating deficit.

Mission

UTILIZES ITS WORLD PROMINENCE TO BRING INTERNATIONAL ATTENTION TO INDIANAPOLIS, AND MAINTAINS ITS EFFORTS TO BE A VISIBLE AND COLLABORATIVE MEMBER OF THE ARTS COMMUNITIES IN INDIANAPOLIS AND INDIANA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $624,245
Program Service Revenue $28,027
Investment Income $29,404
Other Revenue $-22,955
TOTAL REVENUE $658,721

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,732
Fundraising Expenses $394,525
Program Expenses $330,627
Other Expenses $330,822
TOTAL EXPENSES $919,554

Year-over-Year Comparison

2024 2023 Change
Revenue $658,721 $943,585 -0.3%
Expenses $919,554 $886,282 +0.0%
Net Income $-260,833 $57,303 -5.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
4
Volunteers
40

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
$201,267
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE HAMILTON PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL MACLEAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAWN BENNETT SECRETARY 1.00
Officer Director
$0 $0 $0
KURT TORNQUIST TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTINA ABOSSEDGH BOARD MEMBER 1.00
Director
$0 $0 $0
MARIO ARANGO BOARD MEMBER 1.00
Director
$0 $0 $0
SONIA ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $0
DREW DUNHAM BOARD MEMBER 1.00
Director
$0 $0 $0
JULIA GARD BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY GIESEL BOARD MEMBER 1.00
Director
$0 $0 $0
TOBY GILL BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GUY BOARD MEMBER 1.00
Director
$0 $0 $0
STANTON JACOBS BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL KIM BOARD MEMBER 1.00
Director
$0 $0 $0
TIBOR KLOPFER BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN LIN BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH LOUGHREY BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN MANGIA BOARD MEMBER 1.00
Director
$0 $0 $0
ROXANNE MCGETTIGAN BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY MYERS BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN BROCK WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
GLEN KWOK EXECUTIVE DIRECTOR 60.00
Officer
$171,880 $29,387 $201,267
MARY JANE SORBERA DIRECTOR OF DEVELOPMENT 40.00
Highest
$126,444 $14,270 $140,714
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
2025 $658,721 $919,554 $1,240,101 $-260,833
2024 $943,585 $886,282 $1,498,028 $57,303
2023 $2,120,508 $2,100,513 $1,417,979 $19,995
2022 $740,029 $1,066,598 $1,407,015 $-326,569
2021 $819,704 $768,191 $1,812,080 $51,513
2020 $694,629 $708,771 $1,678,198 $-14,142
2019 $2,190,555 $1,788,628 $1,700,990 $401,927
2018 $575,931 $881,231 $1,322,553 $-305,300
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS INC with other nonprofits in Indiana and across the country.