PRISM QUARTET INCORPORATED

EIN: 264210673 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$378,224
Total Expenses
$334,297
Total Assets
$491,696
Net Assets
$491,696
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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
2008
Legal Domicile
NY
Principal Officer
MATTHEW LEVY
Phone
2154385282
Tax Period
2024-06-01 to 2025-05-31

PRISM QUARTET INCORPORATED, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $378K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $334K left a modest 12% surplus.

Mission

To commission and disseminate contemporary music through performance, residency/outreach, and recording programs

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $364,030
Program Service Revenue $8,940
Investment Income $5,254
Other Revenue $0
TOTAL REVENUE $378,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,295
Fundraising Expenses $26,389
Program Expenses $265,197
Other Expenses $127,002
TOTAL EXPENSES $334,297

Year-over-Year Comparison

2024 2023 Change
Revenue $378,224 $288,772 +0.3%
Expenses $334,297 $265,804 +0.3%
Net Income $43,927 $22,968 +0.9%
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

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Governance

Voting Members
12
Independent Members
8
Employees
1
Volunteers
8

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
1
$111,306
Total Directors
12
$143,976
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW LEVY EXECUTIVE DIRECTOR 40.00
Officer Director
$103,298 $8,008 $111,306
TIMOTHY MCALLISTER CO-ARTISTIC DIRECTOR 8.00
Director
$9,085 $0 $9,085
TAIMUR SULLIVAN SECRETARY 8.00
Director
$13,335 $0 $13,335
ZACHARY SHEMON TREASURER 8.00
Director
$10,250 $0 $10,250
SETH BRENZEL CHAIR 2.00
Director
$0 $0 $0
CRAIG A ROGERS BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID POLL BOARD MEMBER 2.00
Director
$0 $0 $0
LYNN FAUST BOARD MEMBER 2.00
Director
$0 $0 $0
JEANNINE WEBBER BOARD MEMBER 2.00
Director
$0 $0 $0
LISA MILLER BOARD MEMBER 2.00
Director
$0 $0 $0
MARY ANNE O'MEARA BOARD MEMBER 2.00
Director
$0 $0 $0
JACOB SMITH BOARD MEMBER 2.00
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 $378,224 $334,297 $491,696 $43,927
2024 $288,772 $265,804 $447,769 $22,968
2023 $448,627 $296,583 $424,801 $152,044
2022 $313,337 $395,669 $272,757 $-82,332
2021 $194,374 $230,333 $375,589 $-35,959
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