GREATER HAZLETON CONCERT SERIES INC (EIN 240828287) - 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

1989

Legal Domicile

Principal Officer

PAT OWENS

Phone

5707881985

Tax Period

2024-06-01 to 2025-05-31

GREATER HAZLETON CONCERT SERIES INC, founded in 1989, is a small nonprofit that reported $126K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 51% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE MUSICAL PERFORMANCE IN THE FORM OF CONCERTS TO THE GREATER HAZLETON AREA. THESE PROGRAMS ARE IN EXISTENCE CURRENTLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,953

Program Service Revenue $90,315

Investment Income $14,460

Other Revenue $0

TOTAL REVENUE $125,728

Expense Breakdown

Grants Paid $1,220

Salaries & Benefits $25,885

Fundraising Expenses $0

Program Expenses $186,164

Other Expenses $161,792

TOTAL EXPENSES $190,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,728	$171,548	-0.3%
Expenses	$190,164	$193,642	0.0%
Net Income	$-64,436	$-22,094	+1.9%

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

N/A

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ORBIN	PRESIDENT	25.00	Officer	$0	$0	$24,000
CYNTHIA CURRIER	VICE PRESIDENT	2.50	Officer	$0	$0	$0
CARL FRANKEL	THIRD VICE PRESIDENT	2.50	Officer	$0	$0	$0
SHIRLEY IKEDA	SECOND VICE PRESIDENT	2.50	Officer	$0	$0	$0
PAT OWENS	TREASURER	5.00	Officer	$0	$0	$0
LYNN OWENS	RECORDING SECRETARY	2.50	Officer	$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	$125,728	$190,164	$203,214	$-64,436
2024	$171,548	$193,642	$267,650	$-22,094
2023	$160,241	$193,763	$289,744	$-33,522
2022	$152,469	$222,789	$323,359	$-70,320
2021	$31,269	$65,924	$393,679	$-34,655
2020	$139,402	$150,002	$428,334	$-10,600
2019	$193,092	$180,036	$438,985	$13,056

GREATER HAZLETON CONCERT SERIES INC