SPEKTRAL QUARTET NFP

EIN: 453696789 501(c)(3)

CHICAGO, IL

Total Revenue
$544,758
Total Expenses
$536,775
Total Assets
$198,758
Net Assets
$189,002
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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
IL
Principal Officer
RUSSELL ROLEN
Phone
7737101396
Tax Period
2021-07-01 to 2022-06-30

SPEKTRAL QUARTET NFP, founded in 2011, is a small nonprofit that reported $545K in total revenue in fiscal year 2021. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE ARTISTIC AND EDUCATIONAL PROGRAMMING OF CLASSICAL STRING QUARTET CHAMBER MUSIC, WITH PERFORMANCES AROUND THE UNITED STATES, EDUCATIONAL WORKSHOPS WITH UNIVERSITY MUSIC STUDENTS, AND COMMISSIONS OF COMPOSERS FOR NEW WORKS.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $333,228
Program Service Revenue $208,941
Investment Income $3
Other Revenue $2,586
TOTAL REVENUE $544,758

Expense Breakdown

Grants Paid $800
Salaries & Benefits $281,954
Fundraising Expenses $40,734
Program Expenses $431,900
Other Expenses $254,021
TOTAL EXPENSES $536,775

Year-over-Year Comparison

2021 2020 Change
Revenue $544,758 $406,354 +0.3%
Expenses $536,775 $379,670 +0.4%
Net Income $7,983 $26,684 -0.7%
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

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Governance

Voting Members
9
Independent Members
8
Employees
6
Volunteers
8

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
4
$64,680
Total Directors
9
$64,680
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL ROLEN Executive Dir. 50.00
Officer Director
$64,680 $0 $64,680
SARAH FORBES ORWIG Chairman 1.00
Officer Director
$0 $0 $0
JOSEPH BEIN VICE-CHAIR 1.00
Officer Director
$0 $0 $0
BARBARA BROTMAN Secretary 1.00
Officer Director
$0 $0 $0
JAMES D SMITH Treasurer 1.00
Director
$0 $0 $0
GERALD ADELMANN Director 1.00
Director
$0 $0 $0
NATALIE BONTUMASI Director 1.00
Director
$0 $0 $0
NINA KIM Director 1.00
Director
$0 $0 $0
Andreas Waldburg-Wolfegg 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
2022 $544,758 $536,775 $198,758 $7,983
2021 $406,354 $379,670 $241,050 $26,684
2020 $501,111 $501,178 $201,346 $-67
2019 $401,458 $337,682 $164,321 $63,776
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