THE PIATIGORSKY FOUNDATION

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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

1990

Legal Domicile

Principal Officer

EVAN DRACHMAN

Phone

2129715309

Tax Period

2022-07-01 to 2023-06-30

THE PIATIGORSKY FOUNDATION, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $317K left a modest 4% surplus.

Mission

TO SPONSOR CONCERTS AT SENIOR CENTERS, RETIREMENT COMMUNITIES, SCHOOLS, WORKPLACES, COMMUNITY CENTERS AND OTHER VENUES WHERE THE AUDIENCE WOULD NOT OTHERWISE HAVE ACCESS TO LIVE CLASSICAL MUSIC.

Program Service Accomplishments

Program 1

Expenses: $229,359 Revenue: $38,666

TO SPONSOR CONCERTS AT SENIOR CENTERS, RETIREMENT COMMUNITIES, SCHOOLS, WORKPLACES, COMMUNITY CENTERS, AND OTHER VENUES WHERE THE AUDIENCE WOULD NOT OTHERWISE HAVE ACCESS TO LIVE CLASSICAL MUSIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $282,880

Program Service Revenue $38,666

Investment Income $10,221

Other Revenue $0

TOTAL REVENUE $331,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,673

Fundraising Expenses $43,079

Program Expenses $229,359

Other Expenses $109,573

TOTAL EXPENSES $317,246

Year-over-Year Comparison

	2022	2021	Change
Revenue	$331,767	$263,036	+0.3%
Expenses	$317,246	$271,677	+0.2%
Net Income	$14,521	$-8,641	-2.7%

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

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

$5,000

Total Directors

$7,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVAN DRACHMAN	ARISTIC DIRECTOR/PRESIDENT	5.00	Officer Director	$5,000	$0	$5,000
CRAIG MICHAELSON	DIRECTOR/SECRETARY	5.00	Officer Director	$0	$0	$0
IRA M TALBI	DIRECTOR/ TREASURER	7.00	Officer Director	$0	$0	$0
RICHARD DOWLING	DIRECTOR	1.00	Director	$2,700	$0	$2,700
ROBERT CANE	DIRECTOR/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBORAH BARTA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WEISS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WELSH	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$331,767	$317,246	$294,892	$14,521
2022	$263,036	$271,677	$259,882	$-8,641
2021	$259,886	$213,608	$335,560	$46,278
2020	$341,125	$315,640	$276,330	$25,485
2019	$301,508	$351,664	$217,630	$-50,156
2018	$434,856	$379,610	$269,510	$55,246