PENINSULA MUSIC FESTIVAL INC (EIN 391691920) - 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

1953

Legal Domicile

Principal Officer

DAVID KEEN

Phone

9208544060

Tax Period

2023-10-01 to 2024-09-30

PENINSULA MUSIC FESTIVAL INC, founded in 1953, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $979K left a modest 12% surplus.

Mission

THE PENINSULA MUSIC FESTIVAL RESPECTS ITS RICH HISTORY BY HONORING THE MISSION OF OUR FOUNDERS TO BRING WORLD-CLASS CLASSICAL MUSICAL PERFORMANCES TO DOOR COUNTY. IN PURSUING THIS MISSION, THE ORGANIZATION COLLABORATES WITH LOCAL AND REGIONAL PARTNERS AND ENGAGES THE COMMUNITY THROUGH EXCEPTIONAL AND EXPANSIVE MUSICAL EXPERIENCES AND EDUCATIONAL INITIATIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $948,455

Program Service Revenue $160,027

Investment Income $205

Other Revenue $4,505

TOTAL REVENUE $1,113,192

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $144,250

Fundraising Expenses $53,625

Program Expenses $831,108

Other Expenses $828,405

TOTAL EXPENSES $978,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,113,192	$764,343	+0.5%
Expenses	$978,655	$890,232	+0.1%
Net Income	$134,537	$-125,889	-2.1%

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

$70,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPH PTACK	PRESIDENT AND CEO	40.00	Officer	$8,255	$0	$8,255
SCOTT STOLARZ	PRESIDENT AND CEO	40.00	Officer	$61,750	$0	$61,750
DAVID KEEN	CHAIR	5.00	Officer Director	$0	$0	$0
WILLIAM MILLER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
BARB RISTAU	TREASURER	3.00	Officer Director	$0	$0	$0
PAUL GRUENER	SECRETARY	3.00	Officer Director	$0	$0	$0
PENNY ENROTH	DIRECTOR	1.00	Director	$0	$0	$0
GAIL FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
LISA HARPER	DIRECTOR	1.00	Director	$0	$0	$0
PETER KELTY	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MCKEEFRY	DIRECTOR	1.00	Director	$0	$0	$0
GWEN PORTER	DIRECTOR	1.00	Director	$0	$0	$0
LEO REDDY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SCHUCHAT	DIRECTOR	1.00	Director	$0	$0	$0
LINDA WEISENSEL	DIRECTOR	1.00	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
2024	$1,113,192	$978,655	$409,615	$134,537
2023	$764,343	$890,232	$336,910	$-125,889
2022	$585,575	$815,457	$546,129	$-229,882
2021	$499,829	$341,576	$614,092	$158,253
2020	$504,175	$342,118	$261,804	$162,057
2019	$769,376	$839,551	$86,385	$-70,175
2018	$802,444	$807,694	$125,073	$-5,250

PENINSULA MUSIC FESTIVAL INC