VLADIMIR AND HAEWON FELTSMAN PIANO VLADIMIR & HAEWON FELTSMAN PIANO FO (EIN 462586196) - 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

2013

Legal Domicile

Principal Officer

HAEWON FELTSMAN

Phone

8455222872

Tax Period

2023-06-01 to 2024-05-31

VLADIMIR AND HAEWON FELTSMAN PIANO VLADIMIR & HAEWON FELTSMAN PIANO FO, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $273K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 44% operating margin.

Mission

TO SELECT THROUGH AUDITIONS, YOUNG TALENTED PIANO STUDENTS AND PROVIDE THEM WITH SCHOLARSHIP AWARDS FOR TUITION, PRACTICE AND REHEARSAL FACILITIES, TRAVEL EXPENSES AND ACCOMODATIONS, (IF NEEDED), FOR THE PURPOSE OF FURTHERING THEIR ABILITIES IN CLASSICAL PIANO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $265,500

Program Service Revenue $2,504

Investment Income $4,889

Other Revenue $0

TOTAL REVENUE $272,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,000

Fundraising Expenses $0

Program Expenses $81,425

Other Expenses $145,272

TOTAL EXPENSES $152,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,893	$175,435	+0.6%
Expenses	$152,272	$155,983	0.0%
Net Income	$120,621	$19,452	+5.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAEWON FELTSMAN	EXEC. DIRECT	N/A	Officer	$0	$0	$0
DAVID MILLSTERN	DIRECTOR	N/A	Director	$0	$0	$0
VLADIMIR FELTSMAN	PRESIDENT OF	N/A	Officer	$0	$0	$0
WILLIAM VASSE	DIRECTOR	N/A	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	$272,893	$152,272	$993,380	$120,621
2023	$175,435	$155,983	$753,840	$19,452
2022	$142,260	$77,879	$773,473	$64,381
2021	$170,551	$49,946	$768,287	$120,605
2020	$133,651	$104,224	$596,211	$29,427
2019	$141,363	$119,821	$550,269	$21,542

VLADIMIR AND HAEWON FELTSMAN PIANO VLADIMIR & HAEWON FELTSMAN PIANO FO