NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE STECHER AND HOROWITZ FOUNDATION, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $137K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 22% operating margin.
THE STECHER AND HOROWITZ FOUNDATION IS COMMITTED TO FURTHERING THE EDUCATION, RECOGNITION AND FOSTERING OF THIS NEW GENERATION OF TALENTED YOUNG MUSICIANS.
THE FLAGSHIP PROGRAM OF THE STECHER AND HOROWITZ FOUNDATION FROM 2002 THROUGH 2022 WAS THE NEW YORK INTERNATIONAL PIANO COMPETITION. DURING THE 20 YEARS OF ITS EXISTENCE, IT BECAME ONE OF THE MOST...
THE FLAGSHIP PROGRAM OF THE STECHER AND HOROWITZ FOUNDATION FROM 2002 THROUGH 2022 WAS THE NEW YORK INTERNATIONAL PIANO COMPETITION. DURING THE 20 YEARS OF ITS EXISTENCE, IT BECAME ONE OF THE MOST PRESTIGIOUS PIANO COMPETITIONS WORLD-WIDE. FOLLOWING THE REIGN OF TWENTY YEARS, IT WAS THE DECISION OF THE BOARD OF DIRECTORS OF THE STECHER AND HOROWITZ FOUNDATION TO MOVE ON INTO THE FIELD OF PHILANTHROPY IN THE ARTS. DURING THE YEAR ENDED JUNE 30, 2025, THE FOUNDATION CONTINUED ITS RESEARCH AND PLANNING AND DECIDED TO CREATE A MAJOR PRIZE FOR ACCOMPLISHED PROFESSIONAL PIANISTS/TEACHERS TO BE CALLED THE GATEWAY PRIZE. A DETAILED LIST OF REQUIREMENTS WAS DEVELOPED FOR APPLYING FOR THIS PRIZE AND IT IS TO BE KNOWN AS THE STECHER AND HOROWITZ FOUNDATION-MTNA GATEWAY PRIZE. IT IS IN THE AMOUNT OF $25,000. MTNA IS THE ACRONYM FOR MUSIC TEACHERS NATIONAL ASSOCIATION, A PRESTIGIOUS ORGANIZATION ABOUT TO CELEBRATE ITS 150TH ANNIVERSARY IN 2026. IN ADDITION, TWO CAREER GRANTS, THE STECHER AND HOROWITZ FOUNDATION-MTNA JOYCE B. COWIN CAREER GRANT AS WELL AS THE STECHER AND HOROWITZ FOUNDATION-MTNA MELVIN STECHER AND NORMAN HOROWITZ CAREER GRANT WERE CREATED TO ASSIST AND INSPIRE ACCOMPLISHED PROFESSIONAL PIANISTS/TEACHERS. EACH GRANT WILL BE IN THE AMOUNT OF $10,000.THE FOUNDATION'S WEBSITE IS CONSTANTLY BEING AUGMENTED TO HIGHLIGHT THE ACTIVITIES AND OVERALL PROGRAMS OF THE STECHER AND HOROWITZ FOUNDATION, IT FEATURES INFORMATION ABOUT THE STECHER AND HOROWITZ FOUNDATION; THE PAST CONTESTANTS WHO HAVE PARTICIPATED IN THE NYIPC; THE YOUNG ARTISTS SERIES CONCERTS; A COMPREHENSIVE GALLERY OF PHOTOS; AND A REPRESENTATION OF ALL THE ACTIVITIES PRESENTED. WWW.THENYIPC.ORQ HAS ADDED CONSIDERABLY TO THE POPULARITY AND INTEREST IN THE FOUNDATION AND ITS PROGRAMS, AS WELL AS CONSTANT UPDATING ON SOCIAL MEDIA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $136,620 | $195,370 | -0.3% |
| Expenses | $106,803 | $159,750 | -0.3% |
| Net Income | $29,817 | $35,620 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARGARET O CARPENTER | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NORMAN HOROWITZ | PRESIDENT/EXECUTIVE DIRECT | 50.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES V SCHAEFER III | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELVIN STECHER | TREASURER/EXECUTIVE DIRECT | 50.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK S RUDD ESQ | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUN BRUMBERG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HARRIET NEWMAN COHEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOYCE B COWIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANET TWEED GUSMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JARED A HERTZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT J RAVITZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID A ROSENBLOOM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GUS ROSENDALE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES A SHERER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EVAN STEEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $136,620 | $106,803 | $1,373,145 | $29,817 |
| 2024 | $195,370 | $159,750 | $1,223,529 | $35,620 |
| 2023 | $244,979 | $181,461 | $1,079,730 | $63,518 |
| 2022 | $339,688 | $327,170 | $1,113,072 | $12,518 |
| 2021 | $183,025 | $99,495 | $1,183,025 | $83,530 |
| 2020 | $197,365 | $184,582 | $902,702 | $12,783 |
| 2019 | $374,645 | $274,564 | $930,262 | $100,081 |
| 2018 | $268,491 | $339,713 | $939,114 | $-71,222 |
Compare THE STECHER AND HOROWITZ FOUNDATION with other nonprofits in New York and across the country.