AMERICAN PIANO AWARDS 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

1979

Legal Domicile

Principal Officer

CHRIS WILLIAMS

Phone

3179409945

Tax Period

2024-07-01 to 2025-06-30

AMERICAN PIANO AWARDS INC, founded in 1979, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 35% operating deficit.

Mission

THE MISSION OF THE AMERICAN PIANISTS ASSOCIATION IS TO DISCOVER, PROMOTE AND ADVANCE THE CAREERS OF YOUNG, AMERICAN, WORLD-CLASS, JAZZ AND CLASSICAL PIANISTS.

Program Service Accomplishments

Program 1

Expenses: $1,366,022 Revenue: $104,311

OUR PROGRAMS ARE DESIGNED TO IMPROVE THE QUALITY OF LIFE ACROSS THE US IN CONCERT HALLS, STUDIOS, COMMUNITY CENTERS, SCHOOLS, AND HOMES THROUGH PIANO PERFORMANCES AND THE PROMOTION OF INDIGENOUS...

OUR PROGRAMS ARE DESIGNED TO IMPROVE THE QUALITY OF LIFE ACROSS THE US IN CONCERT HALLS, STUDIOS, COMMUNITY CENTERS, SCHOOLS, AND HOMES THROUGH PIANO PERFORMANCES AND THE PROMOTION OF INDIGENOUS AMERICAN ART, JAZZ MUSIC, AND CLASSICAL MUSIC PERFORMED BY OUTSTANDING AMERICAN-BORN PIANISTS. APA PROGRAMS ALSO BROADEN THE GENERAL PUBLIC'S KNOWLEDGE AND SKILLS IN THE ARTS, PROVIDE ARTS ACTIVITIES TO UNDERSERVED COMMUNITIES, AND ADVANCE THE ART FORM OF MUSIC. OUR LARGEST PROGRAM SERVICES INCLUDE TWO OF THE MOST PRESTIGIOUS AND WORLD-RENOWNED PIANO COMPETITIONS, ONE IN CLASSICAL AND JAZZ, AWARDING FELLOWSHIPS TO THE WINNERS, AND GRAND ENCOUNTERS A PIANO RECITAL SERIES. THESE PROGRAMS ARE AUGMENTED BY PERFORMANCES, MENTORING, AND WORKSHOPS FOR ALL AGES OFFERED IN SCHOOLS AND COMMUNITY CENTERS.

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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 $1,281,689

Program Service Revenue $104,311

Investment Income $57,848

Other Revenue $0

TOTAL REVENUE $1,443,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,315

Fundraising Expenses $278,784

Program Expenses $1,366,022

Other Expenses $1,186,896

TOTAL EXPENSES $1,954,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,443,848	$3,804,431	-0.6%
Expenses	$1,954,211	$1,284,919	+0.5%
Net Income	$-510,363	$2,519,512	-1.2%

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

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

$210,631

Total Directors