ALL-STAR ORCHESTRA SUMMIT

EIN: 264546279 501(c)(3) Arts, Culture & Humanities

LARCHMONT, NY

Total Revenue
$594,717
Total Expenses
$254,616
Total Assets
$1,940,430
Net Assets
$1,673,249
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
WA
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $577,453
Program Service Revenue $0
Investment Income $17,002
Other Revenue $262
TOTAL REVENUE $594,717

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $16,232
Program Expenses $221,156
Other Expenses $254,616
TOTAL EXPENSES $254,616

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
16
Employees
N/A
Volunteers
2

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
2
$60,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ALL-STAR ORCHESTRA SUMMIT with other nonprofits in New York and across the country.