LARCHMONT, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALL-STAR ORCHESTRA SUMMIT, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $595K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $340K, a strong 57% operating margin.
FOUNDED IN 2008, THE MISSION OF THE ALL-STAR ORCHESTRA ( THE ORGANIZATION) IS TO MAKE ACCESSIBLE, FOR FREE, THE JOY AND UNDERSTANDING OF CLASSICAL MUSIC TO THE WIDEST POSSIBLE AUDIENCE THROUGH PUBLIC TELEVISION AND THE WORLD'S LARGEST EDUCATIONAL WEBSITE: THE KHAN ACADEMY. TO ACHIEVE THIS THE ORGANIZATION PRODUCES, FILMS, AND RECORDS CLASSICAL AND CONTEMPORARY ORCHESTRAL MASTERPIECES IN A CONCERT HALL, WITH THE RESULTING PROGRAMS TO BE BROADCAST OVER LOCAL, NATIONAL AND INTERACTIVE PUBLIC MEDIA. THE PROGRAMS INCLUDE A STRONG EDUCATIONAL COMPONENT AND ARE INSPIRING NEW DIRECTIONS FOR MUSIC EDUCATION ( 5 MILLION MUSIC STUDENTS REACHED VIA KHAN ACADEMY), ENTERTAINMENT, AND HIGH-LEVEL ARTISTIC EXPOSURE FOR A BROAD AND DIVERSE AUDIENCE. SEASON ONE WAS RECORDED IN 2012,SEASON TWO IN 2014,SEASON 3 IN 2016, SEASON FOUR IN 2018. NATIONAL BROADCASTS AND REBROADCASTS VIA AMERICAN PUBLIC TELEVISION HAVE BEEN CONTINUOUS SINCE SEPTEMBER 2013. TO DATE THE PROGRAMS HAVE WON SEVEN EMMY AWARDS AND THE A
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $594,717 | $983,435 | -0.4% |
| Expenses | $254,616 | $216,826 | +0.2% |
| Net Income | $340,101 | $766,609 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| PAUL SCHWENDENER | Executive Dir. | 20.00 |
Officer
|
$60,000 | $0 | $60,000 |
| MARLYS PALUMBO | President | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| RALPH PALUMBO | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| JODY SCHWARZ | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN HUTCHISON | Vice President | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHELE GERBER KLEIN | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| TED PARKER | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| GERARD SCHWARZ | ARTISTIC DIRECT | 20.00 |
Director
|
$0 | $0 | $0 |
| SHARON MOSSE | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| FRED MILLER | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| JAY E CANTOR | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| JERARD FARLEY | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARLES STAADECKER | Trustee | 2.00 |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $594,717 | $254,616 | $1,940,430 | $340,101 |
| 2022 | $983,435 | $216,826 | $1,602,075 | $766,609 |
| 2021 | $21,610 | $169,937 | $740,988 | $-148,327 |
| 2020 | $106,404 | $179,250 | $882,826 | $-72,846 |
| 2019 | $222,781 | $228,251 | $1,004,101 | $-5,470 |
| 2018 | $179,479 | $217,443 | $980,042 | $-37,964 |
Compare ALL-STAR ORCHESTRA SUMMIT with other nonprofits in New York and across the country.