GREATER PRINCETON YOUTH ORCHESTRA INC

EIN: 510147091 501(c)(3)

PRINCETON, NJ

Total Revenue
$145,852
Total Expenses
$231,023
Total Assets
$105,157
Net Assets
$92,104
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NJ
Principal Officer
DAVID DEFREESE
Phone
6096830150
Tax Period
2022-09-01 to 2023-06-30

GREATER PRINCETON YOUTH ORCHESTRA INC, founded in 1975, is a small nonprofit that reported $146K in total revenue in fiscal year 2022. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $231K exceeded revenue, resulting in a 58% operating deficit.

Mission

THE MISSION OF THE GREATER PRINCETON YOUTH ORCHESTRA IS TO PROVIDE HIGH LEVEL MUSIC EDUCATION AND PERFORMANCE OPPORTUNITIES FOR STUDENTS SEEKING ADVANCED SKILLS BEYOND THE OFFERINGS OF THE SCHOOL SYSTEM AND TO CULTIVATE A LIFELONG APPRECIATION OF THE ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,797
Program Service Revenue $128,708
Investment Income $347
Other Revenue $0
TOTAL REVENUE $145,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,768
Fundraising Expenses $3,132
Program Expenses $144,192
Other Expenses $99,255
TOTAL EXPENSES $231,023

Year-over-Year Comparison

2022 2021 Change
Revenue $145,852 $336,597 -0.6%
Expenses $231,023 $180,817 +0.3%
Net Income $-85,171 $155,780 -1.5%
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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Governance

Voting Members
10
Independent Members
10
Employees
18
Volunteers
10

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
6
$96,439
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DEFREESE CHAIR 5.00
Officer Director
$0 $0 $0
YANTO MULIADI TREASURER 2.00
Officer Director
$0 $0 $0
TERESA MARRIN NAKRA SECRETARY 2.00
Officer Director
$0 $0 $0
FRANCISCO CERVANTES TRUSTEE 1.00
Director
$0 $0 $0
SUNNY CHEN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL DONAHUE TRUSTEE 1.00
Director
$0 $0 $0
DEANA GRAFFEO WEEKS TRUSTEE 1.00
Director
$0 $0 $0
CAREY HWANG TRUSTEE 1.00
Director
$0 $0 $0
RICH MCLAUGHLIN TRUSTEE 1.00
Director
$0 $0 $0
ULI SPETH TRUSTEE 1.00
Director
$0 $0 $0
WENDY NORRIS INTERIM EXECUTIVE DIRECTOR (END DEC 2022) 40.00
Officer
$45,606 $0 $45,606
DR JESSICA MOREL MUSIC DIRECTOR 20.00
Officer
$40,833 $0 $40,833
JOSEPH CAPONE EXECUTIVE DIRECTOR (START NOV 2022) 30.00
Officer
$10,000 $0 $10,000
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 No data No data No data No data
2024 No data No data No data No data
2023 $145,852 $231,023 $105,157 $-85,171
2022 $336,597 $180,817 $232,053 $155,780
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