PRIZM ENSEMBLE 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

2013

Legal Domicile

Principal Officer

MARC WILLIS

Phone

9013616454

Tax Period

2024-07-01 to 2025-06-30

PRIZM ENSEMBLE INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

PRIZM BUILDS DIVERSE COMMUNITY THROUGH CHAMBER MUSIC EDUCATION, YOUTH DEVELOPMENT AND PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $33,777 Revenue: $15,203

PRIZM CHAMBER MUSIC CAMP AND INTERNATIONAL FESTIVAL PROVIDES CHAMBER COACHINGS, MASTER CLASSES, MUSIC-RELATED CLASSES, AND SOCIAL EVENTS TO MUSIC STUDENTS 12 YEARS AND OLDER. NATIONAL AND...

PRIZM CHAMBER MUSIC CAMP AND INTERNATIONAL FESTIVAL PROVIDES CHAMBER COACHINGS, MASTER CLASSES, MUSIC-RELATED CLASSES, AND SOCIAL EVENTS TO MUSIC STUDENTS 12 YEARS AND OLDER. NATIONAL AND INTERNATIONAL ARTISTS ARE INVITED. 13 CONCERTS WERE PRESENTED. 102 YOUTHS ATTENDED THE CAMP.

Program 2

Expenses: $27,299 Revenue: $10,000

MAHOGANY CHAMBER MUSIC SERIES IS A PROGRAM AIMED TO AMPLIFY UNDERREPRESENTED VOICES IN THE CHAMBER MUSIC INDUSTRY AND CREATE OPPORTUNITIES FOR COLLABORATION. BY SHOWCASING PROFESSIONAL BIPOC TALENT, PRIZM HOPES TO INSPIRE FUTURE GENERATIONS OF ARTISTS FROM DIVERSE BACKGROUNDS TO PURSUE AND SUPPORT CHAMBER MUSIC. PRIZM PRESENTED A TOTAL OF 3 CONCERTS TO OVER 300 AUDIENCE MEMBERS, AS WELL AS 1 WORKSHOP AT A LOCAL HIGH SCHOOL FOR HIGH SCHOOL-AGED YOUTH.

Program 3

Expenses: $16,816 Revenue: $2,600

PRIZM CONNECT PROVIDES CHAMBER COACHING AND COMMUNITY PERFORMANCE OPPORTUNITIES TO MUSIC STUDENTS 12 YEARS AND OLDER. LOCAL AND REGIONAL ARTISTS ARE INVITED, AND ONE CONCERT IS PRESENTED. 15 YOUTH...

PRIZM CONNECT PROVIDES CHAMBER COACHING AND COMMUNITY PERFORMANCE OPPORTUNITIES TO MUSIC STUDENTS 12 YEARS AND OLDER. LOCAL AND REGIONAL ARTISTS ARE INVITED, AND ONE CONCERT IS PRESENTED. 15 YOUTH ATTENDED, AND 3 FACULTY MEMBERS PARTICIPATED.

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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 $172,720

Program Service Revenue $28,726

Investment Income $8

Other Revenue $0

TOTAL REVENUE $201,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,773

Fundraising Expenses $359

Program Expenses $96,884

Other Expenses $167,778

TOTAL EXPENSES $220,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,454	$253,762	-0.2%
Expenses	$220,551	$280,734	-0.2%
Net Income	$-19,097	$-26,972	-0.3%

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

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

$52,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAVIN WIGGINSON	EXECUTIVE DIRECTOR	40.00	Officer	$52,773	$0	$52,773
EMILY KEARNEY	BOARD MEMBER	0.00	Director	$0	$0	$0
ELISHA JOHNSON	BOARD MEMBER	0.00	Director	$0	$0	$0
ASHLEY HARRIS	BOARD MEMBER	0.00	Director	$0	$0	$0
SHELLEY MADISON LYLES	BOARD MEMBER	0.00	Director	$0	$0	$0
LINDA STEELE	BOARD MEMBER	0.00	Director	$0	$0	$0
MARC WILLIS	CHAIR	0.00	Officer	$0	$0	$0
KATIE HOOK	SECRETARY	0.00	Officer	$0	$0	$0
MADISON HESTER	TREASURER	0.00	Officer	$0	$0	$0
KAREN MITCHELL	VICE-CHAIR	0.00	Officer	$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
2025	$201,454	$220,551	$25,023	$-19,097
2024	$253,762	$280,734	$40,053	$-26,972
2023	$277,035	$296,718	$71,881	$-19,683
2022	$193,044	$177,888	$87,254	$15,156
2021	$95,418	$89,384	$48,280	$6,034
2020	$84,392	$108,371	$53,306	$-23,979
2019	$186,277	$220,937	$77,285	$-34,660
2018	$276,243	$216,640	$110,945	$59,603