TUESDAY EVENING CONCERT SERIES 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

1951

Legal Domicile

Principal Officer

DAVID BALDWIN

Phone

4342449505

Tax Period

2023-07-01 to 2024-06-30

TUESDAY EVENING CONCERT SERIES INC, founded in 1951, is a small nonprofit that reported $422K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $489K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO MAKE AVAILABLE TO THE GENERAL PUBLIC, A SERIES OF MUSICAL EVENTS DESIGNED TO ENRICH THE CULTURAL LIFE OF THE COMMUNITY. THE SERIES WORKS WITH OTHER NONPROFIT ORGANIZATIONS AND SCHOOLS TO PROVIDE OUTREACH SERVICES TO THE GENERAL PUBLIC THROUGH CULTURAL ACTIVITIES WITH THE ARTISTS FROM THE EVENING CONCERTS.

Program Service Accomplishments

Program 1

Expenses: $327,722 Revenue: $190,795

THE ORGANIZATION'S PRIMARY PURPOSE IS TO MAKE AVAILABLE TO THE GENERAL PUBLIC, A SERIES OF MUSICAL EVENTS DESIGNED TO ENRICH THE CULTURAL LIFE OF THE COMMUNITY. A SERIES OF SEVEN CONCERTS ARE...

THE ORGANIZATION'S PRIMARY PURPOSE IS TO MAKE AVAILABLE TO THE GENERAL PUBLIC, A SERIES OF MUSICAL EVENTS DESIGNED TO ENRICH THE CULTURAL LIFE OF THE COMMUNITY. A SERIES OF SEVEN CONCERTS ARE PROVIDED EACH YEAR. THE ORGANIZATION ALSO PROVIDES FREE CHILDREN'S CONCERTS AS PART OF ITS OUTREACH SERVICES TO SCHOOL-AGE CHILDREN.

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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 $231,091

Program Service Revenue $190,795

Investment Income $87

Other Revenue $0

TOTAL REVENUE $421,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,653

Fundraising Expenses $36,744

Program Expenses $327,722

Other Expenses $324,954

TOTAL EXPENSES $488,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,973	$388,396	+0.1%
Expenses	$488,607	$428,554	+0.1%
Net Income	$-66,634	$-40,158	+0.7%

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

$49,047

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BALDWIN	EXECUTIVE DI	40.00	Officer	$40,000	$9,047	$49,047
DAVID C SPEEDIE	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL G MAHONEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ROBERT L CHEVALIER	TREASURER	1.00	Officer Director	$0	$0	$0
MARY JANE KING	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT BOND	DIRECTOR	1.00	Director	$0	$0	$0
RUFUS C BOTZOW	DIRECTOR	1.00	Director	$0	$0	$0
JOSY HESLER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA SHANK	DIRECTOR	1.00	Director	$0	$0	$0
TASHA TOBIN	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
2025	No data	No data	No data	No data
2024	$421,973	$488,607	$1,331,308	$-66,634
2023	$388,396	$428,554	$1,378,738	$-40,158
2022	$315,000	$401,783	$1,392,943	$-86,783
2021	$176,489	$191,481	$1,492,038	$-14,992
2020	$363,878	$338,118	$1,252,360	$25,760
2019	$372,133	$321,351	$1,209,921	$50,782
2018	$398,766	$337,217	$1,159,598	$61,549