PRIZM ENSEMBLE INC

EIN: 453735871 501(c)(3) Arts, Culture & Humanities

Memphis, TN

Total Revenue
$201,454
Total Expenses
$220,551
Total Assets
$25,023
Net Assets
$18,943
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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
TN
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.

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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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
34

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
5
$52,773
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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