THE CLASSICAL SAXOPHONE PROJECT INC (EIN 455272032) - 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

2012

Legal Domicile

Principal Officer

JEAN-PIERRE SCHMITT

Phone

6463447232

Tax Period

2024-01-01 to 2024-12-31

THE CLASSICAL SAXOPHONE PROJECT INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $128K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROMOTE THE CLASSICAL REPERTORY OF THE SAXOPHONE

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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 $100,641

Program Service Revenue $1,451

Investment Income $25,912

Other Revenue $0

TOTAL REVENUE $128,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,605

Fundraising Expenses $0

Program Expenses $43,774

Other Expenses $77,417

TOTAL EXPENSES $176,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,004	$409,819	-0.7%
Expenses	$176,022	$164,632	+0.1%
Net Income	$-48,018	$245,187	-1.2%

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

N/A

Employees

N/A

Volunteers

N/A

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

$91,598

Total Directors

$91,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAVIER OVIEDO	GENERAL SECRETARY	40.00	Officer Director	$64,098	$0	$64,098
STEVE BORITZ	CFO/TREASURER	5.00	Officer Director	$0	$0	$0
JEAN-PIERRE SCHMITT	PRESIDENT	5.00	Officer Director	$27,500	$0	$27,500
NANCY LANGER	BOARD MEMBER	5.00	Director	$0	$0	$0
MEYER GROSS	BOARD MEMBER	5.00	Director	$0	$0	$0
FIROUZEH SHARIFI	BOARD MEMBER	5.00	Director	$0	$0	$0
TRISTAN LOANZON	BOARD MEMBER	5.00	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	$128,004	$176,022	$538,398	$-48,018
2023	$409,819	$164,632	$562,134	$245,187
2022	$460,919	$137,693	$309,355	$323,226
2022	$460,919	$137,693	$309,355	$323,226
2020	$42,348	$44,249	$4,322	$-1,901
2019	$66,217	$80,586	$4,023	$-14,369
2018	$51,300	$59,073	$10,642	$-7,773

THE CLASSICAL SAXOPHONE PROJECT INC