POLYPHONY FOUNDATION

🔒

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

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

POLYPHONY FOUNDATION IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION WHOSE PURPOSE IS TO RAISE AWARENESS AMONG U.S. AND OTHER AUDIENCES OF MULTI-CULTURAL MUSIC ENVIRONMENT AND OTHER EDUCATION PROGRAMS IN THE MIDDLE EAST AND FACILITATE DIALOGUE IN THE U.S. TO ADVANCE A VISION OF ISRAELI JEWISH AND ARAB RECONCILIATION, PEACE AND CIVIL RIGHTS.

Program Service Accomplishments

Program 1

Expenses: $383,992

THE ORGANIZATION, THROUGH ITS GRANTMAKING ACTIVITIES, FACILITATES FINANCIAL SUPPORT FOR POLYPHONY EDUCATION LTD, AN ARTICLE 46 ISRAELI NOT-FOR-PROFIT ORGANIZATION, WHOSE INITIATIVES PROVIDE MUSICAL EDUCATION AND PERFORMANCE OPPORTUNITIES TO MEMBERS OF JEWISH AND ARAB COMMUNITIES WITHIN ISRAEL. THE ACTIVITIES OF POLYPHONY EDUCATION LTD AIM TO ENRICH THE CULTURAL LIFE OF THE AREAS IN WHICH THEY OPERATE, AND ALSO SERVE TO PROMOTE POSITIVE INTERACTIONS BETWEEN COMMUNITIES THAT ADVANCE THE VISION OF A SHARED ISRAELI SOCIETY. THE SPECIFIC PROGRAMS THAT WERE SUPPORTED IN 2019 WERE AS FOLLOWS:THE POLYPHONY CONSERVATORY IN NAZARETH PROVIDES FIRST-CLASS MUSIC INSTRUCTION TO OVER ONE HUNDRED AND THIRTY (130) OF THE REGION'S MOST GIFTED AND MOTIVATED YOUTH; (II) "ALHAN PROGRAM", WHICH PROVIDES OPPORTUNITIES FOR MUSIC EDUCATION TO NEARLY NINE THOUSAND (9000) ARAB AND JEWISH STUDENTS IN UNDERSERVED SCHOOLS, WITH AN EMPHASIS ON BRINGING ARAB AND JEWISH STUDENTS TOGETHER THROUGH THE SHARED APPRECIATION OF CLASSICAL MUSIC AND INSTRUMENT INSTRUCTION; (III) THE SCHOLAR-IN-RESIDENCE SEMINARS, WHICH BRING ONE HUNDRED EIGHTY (180) ADVANCED, YOUNG ARAB AND JEWISH MUSICIANS TOGETHER TWICE EACH YEAR TO FORM A YOUTH ORCHESTRA AND LEARN ABOUT THE ROLE OF MUSIC AND ARTS IN ADVANCING CIVIL SOCIETY; AND (IV) THE GALILEE CHAMBER ORCHESTRA, A PROFESSIONAL ORCHESTRA COMPOSED OF AN EQUAL NUMBER OF ISRAEL'S ADVANCED CONSERVATORY STUDENTS AND PROFESSIONAL MUSICIANS

🔒

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%)

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

🔒

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

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