POLYPHONY FOUNDATION (EIN 275559473) - 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

2011

Legal Domicile

Principal Officer

CRAIG COGUT

Phone

2039798566

Tax Period

2019-01-01 to 2019-12-31

POLYPHONY FOUNDATION, founded in 2011, is a small nonprofit that reported $454K in total revenue in fiscal year 2019. Expenses of $537K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE POLYPHONY FOUNDATION'S PURPOSE IS TO SUPPORT PROGRAMS THAT AIM TO BRIDGE THE DIVIDE BETWEEN JEWISH AND ARAB COMMUNITIES IN ISRAEL THROUGH MUSICAL EDUCATION INITIATIVES AND RESULTING PERFORMANCE OPPORTUNITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $454,287

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $454,303

Expense Breakdown

Grants Paid $338,500

Salaries & Benefits $0

Fundraising Expenses $76,121

Program Expenses $383,992

Other Expenses $198,492

TOTAL EXPENSES $536,992

Year-over-Year Comparison

	2019	2018	Change
Revenue	$454,303	$451,552	+0.0%
Expenses	$536,992	$470,379	+0.1%
Net Income	$-82,689	$-18,827	+3.4%

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

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
CRAIG COGUT	CHAIR	10.00	Officer Director	$0	$0	$0
DEBORAH COGUT	VICE CHAIR AND ACTING SECRETARY	10.00	Officer Director	$0	$0	$0
SETH NOVATT	CO-VICE CHAIR AND TREASURER	15.00	Officer Director	$0	$0	$0
TERRY TAMMINEN	DIRECTOR, THRU MAY 2019	5.00	Director	$0	$0	$0
TIMOTHY JESSELL	DIRECTOR	5.00	Director	$0	$0	$0
HELEN NITKIN	DIRECTOR, THRU MAY 2019	5.00	Director	$0	$0	$0
ALISA DOCTOROFF	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA COHN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY KASTEN	DIRECTOR	5.00	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
2019	$454,303	$536,992	$203,642	$-82,689
2018	$451,552	$470,379	$272,005	$-18,827

POLYPHONY FOUNDATION