THIRD COAST PERCUSSION NFP (EIN 421744369) - 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

2007

Legal Domicile

Principal Officer

ETHELBERT WILLIAMS

Phone

7732342712

Tax Period

2024-07-01 to 2025-06-30

THIRD COAST PERCUSSION NFP, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 9% surplus.

Mission

TO BRING PERCUSSION MUSIC TO NEW STAGES ACROSS THE WORLD, PRESENTING CONCERTS ON NATIONAL AND INTERNATIONAL STAGES AS WELL AS THE ENSEMBLE'S HOME CITY OF CHICAGO. PERFORMANCES INCLUDE REPERTOIRE FROM DIVERSE COMPOSITIONAL VOICES IN RECITALS, MULTI-MEDIA PERFORMANCES, COMMUNITY PERFORMANCES, AND COLLABORATIONS WITH ORCHESTRAS, CHILDREN'S CHOIRS AND DANCERS. THE GRAMMY AWARD WINNING ENSEMBLE EXTENDS ITS PERFORMING THROUGH RECORDED MEDIA WITH COMMERCIALLY RELEASED ALBUMS AND STREAMING AUDIO/VIDEO CONTENT, INCLUDING FIRST RECORDINGS OF NEW WORKS AS WELL AS ICONIC PERCUSSION WORKS OF THE PAST;TO DEVELOP NEW REPERTOIRE FOR PERCUSSION, ENGAGING LEADING COMPOSERS AND MUSIC CREATORS OF MANY BACKGROUNDS THROUGH A DEEPLY COLLABORATIVE PROCESS TO CREATE NEW WORKS THAT SPEAK TO A RANGE OF MODERN EXPERIENCES; ANDTO BE ACTIVE IN THE FIELD OF ARTS EDUCATION BY PRESENTING OUTREACH AND EDUCATIONAL CONCERTS TO PRIMARY AND SECONDARY SCHOOL-AGED CHILDER, EXPOSING YOUNGER GENERATIONS TO MUSIC.

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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 $794,877

Program Service Revenue $803,626

Investment Income $19,931

Other Revenue $-30,909

TOTAL REVENUE $1,587,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $692,802

Fundraising Expenses $185,496

Program Expenses $1,050,104

Other Expenses $757,131

TOTAL EXPENSES $1,449,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,587,525	$1,113,245	+0.4%
Expenses	$1,449,933	$1,132,557	+0.3%
Net Income	$137,592	$-19,312	-8.1%

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

$177,238

Total Directors

$90,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BARASA	DIRECTOR	0.20	Director	$0	$0	$0
SARA COFFOU	DIRECTOR	0.20	Director	$0	$0	$0
BETH DAVIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NIMISH DIXIT	DIRECTOR	0.20	Director	$0	$0	$0
ANDRE DOWELL	DIRECTOR	0.20	Director	$0	$0	$0
JOSH GITELSON	DIRECTOR	0.20	Director	$0	$0	$0
DANIEL HEFFNER	DIRECTOR	0.20	Director	$0	$0	$0
JAMIE JUNG	DIRECTOR	0.20	Director	$0	$0	$0
DANIEL KNAUS	TREASURER	2.00	Officer Director	$0	$0	$0
SAMIR MAYEKAR	DIRECTOR	0.20	Director	$0	$0	$0
ANNA MUSCI	DIRECTOR	0.20	Director	$0	$0	$0
SARAH ORWIG	DIRECTOR	0.20	Director	$0	$0	$0
LOUISE SMITH	DIRECTOR	0.20	Director	$0	$0	$0
CATHERINE WALLABY	DIRECTOR	0.20	Director	$0	$0	$0
ETHELBERT WILLIAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY WOOLEVER	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT DILLON	DIRECTOR, ENSEMBLE MEMBER	40.00	Officer Director	$80,553	$9,827	$90,380
DAVID SKIDMORE	EXECUTIVE DIRECTOR	40.00	Officer	$84,000	$2,858	$86,858

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	$1,587,525	$1,449,933	$675,667	$137,592
2024	$1,113,245	$1,132,557	$538,214	$-19,312
2023	$1,062,273	$1,005,707	$555,237	$56,566
2022	$950,770	$846,484	$498,671	$104,286
2021	$802,734	$679,210	$470,770	$123,524
2020	$832,585	$774,983	$343,316	$57,602
2019	$789,399	$779,440	$213,259	$9,959
2018	$718,482	$657,633	$203,299	$60,849

THIRD COAST PERCUSSION NFP