PARLANCE CHAMBER CONCERTS INC

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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

2009

Legal Domicile

Principal Officer

MICHAEL PARLOFF

Phone

2016128399

Tax Period

2024-06-01 to 2025-05-31

PARLANCE CHAMBER CONCERTS INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $569K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $523K left a modest 8% surplus.

Mission

TO PROMOTE AN APPRECIATION AND UNDERSTANDING OF CLASSICAL CHAMBER MUSIC IN BERGEN COUNTY (NJ); TO INSPIRE AND BUILD TOMORROWS AUDIENCE FOR CLASSICAL MUSIC THROUGH EVENTS SPECIFICALLY DESIGNED FOR CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $523,323 Revenue: $134,687

DURING THE YEAR, THE ORGANIZATION WAS ABLE TO CONTINUE ITS MISSION OF PROMOTING THE APPRECIATION AND UNDERSTANDING OF CLASSICAL CHAMBER MUSIC IN NORTHERN NEW JERSEY BY PRESENTING THE WORLDS FINEST...

DURING THE YEAR, THE ORGANIZATION WAS ABLE TO CONTINUE ITS MISSION OF PROMOTING THE APPRECIATION AND UNDERSTANDING OF CLASSICAL CHAMBER MUSIC IN NORTHERN NEW JERSEY BY PRESENTING THE WORLDS FINEST SINGERS AND INSTRUMENTALISTS IN AFFORDABLE, INNOVATIVELY PROGRAMMED PUBLIC CONCERTS. IN ADDITION, WE WERE ABLE TO CONTINUE OUR EFFORTS TO INSPIRE AND BUILD TOMORROWS AUDIENCE FOR CLASSICAL MUSIC IN NORTHERN NEW JERSEY BY CREATING PUBLIC EDUCATIONAL EVENTS DESIGNED SPECIFICALLY FOR CHILDREN AND YOUNG ADULTS.

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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 $433,857

Program Service Revenue $134,688

Investment Income $0

Other Revenue $0

TOTAL REVENUE $568,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,079

Fundraising Expenses $0

Program Expenses $523,323

Other Expenses $419,244

TOTAL EXPENSES $523,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$568,545	$468,044	+0.2%
Expenses	$523,323	$461,059	+0.1%
Net Income	$45,222	$6,985	+5.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN COOKE	VP & Trustee	0.00	Officer Director	$0	$0	$0
MICHAEL PARLOFF	Pres & Trustee	10.00	Officer Director	$0	$0	$0
DONALD REEDER	Chairman & Trus	1.00	Officer Director	$0	$0	$0
PETER RIEMER	Trustee	0.00	Director	$0	$0	$0
EDWARD LOWENTHAL	Trustee	0.00	Director	$0	$0	$0
ELIZABETH FORBES	Secretary	1.00	Officer	$0	$0	$0
INMO PARLOFF	KEY EMPLOYEE	10.00		$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
2025	$568,545	$523,323	$376,729	$45,222
2024	$468,044	$461,059	$331,507	$6,985
2023	$441,998	$473,574	$324,522	$-31,576
2022	$466,697	$366,946	$356,098	$99,751
2020	$388,653	$227,285	$231,808	$161,368
2019	$440,185	$449,352	$70,440	$-9,167