HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC

EIN: 521959289 501(c)(3) Arts, Culture & Humanities

STAUNTON, VA

Total Revenue
$1,801,184
Total Expenses
$1,942,727
Total Assets
$303,054
Net Assets
$14,257
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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
1996
Legal Domicile
VA
Phone
5409074446
Tax Period
2024-10-01 to 2025-09-30

HEIFETZ INTERNATIONAL MUSIC INSTITUTE INC, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF HEIFETZ IS TO DEVELOP THE EXPRESSIVE POTENTIAL OF PERFORMERS THROUGH INNOVATIVE PERFORMANCE & COMMUNICATION TRAINING. THE INSTITUTE TRAINS MUSICIANS TO REDEFINE THE CONCERT EXPERIENCE BY CONVEYING THE EMOTION OF THEIR MUSIC AND EXPLORING THEIR CREATIVE POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $1,787,803 Revenue: $923,614

STUDENT EDUCATION IN MUSIC AND THE PERFORMING 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 (2024)

Revenue Breakdown

Contributions & Grants $847,262
Program Service Revenue $931,439
Investment Income $7,456
Other Revenue $15,027
TOTAL REVENUE $1,801,184

Expense Breakdown

Grants Paid $0
Salaries & Benefits $537,528
Fundraising Expenses $30,900
Program Expenses $1,787,803
Other Expenses $1,405,199
TOTAL EXPENSES $1,942,727

Year-over-Year Comparison

2024 2023 Change
Revenue $1,801,184 $1,655,936 +0.1%
Expenses $1,942,727 $1,924,439 +0.0%
Net Income $-141,543 $-268,503 -0.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
42
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
5
$115,000
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PAMELA R FOX SECRETARY 0.00
Officer Director
$0 $0 $0
BRUCE ROSENBLUM CHAIR 0.00
Officer Director
$0 $0 $0
GEOFFREY MENIN DIRECTOR 0.00
Director
$0 $0 $0
PENNIE ABRAMSON DIRECTOR 0.00
Director
$0 $0 $0
DIANA ELY EPSTEIN DIRECTOR 0.00
Director
$0 $0 $0
PETER KREEGER DIRECTOR 0.00
Director
$0 $0 $0
GARY ABRAMSON CHAIRMAN EMERITUS 0.00
Director
$0 $0 $0
BEVERLY J WHITE-SEALS DIRECTOR 0.00
Director
$0 $0 $0
MARK BIEGEL TREASURER 0.00
Officer Director
$0 $0 $0
KEITH HILL DIRECTOR 0.00
Director
$0 $0 $0
LAURENCE M CAFRITZ DIRECTOR 0.00
Director
$0 $0 $0
NEAL NAITO DIRECTOR 0.00
Director
$0 $0 $0
SUSAN DUPREY DIRECTOR 0.00
Director
$0 $0 $0
DR JIE SHEN DIRECTOR 0.00
Director
$0 $0 $0
ROBIN MILLER DIRECTOR 0.00
Director
$0 $0 $0
CLIFFORD GARSTANG DIRECTOR 0.00
Director
$0 $0 $0
MICHELLE LIN DIRECTOR 0.00
Director
$0 $0 $0
AMY TANG SETO VICE CHAIR 0.00
Officer Director
$0 $0 $0
ROBERTA PIECZENIK PHD DIRECTOR 0.00
Director
$0 $0 $0
BENJAMIN ROE PRESIDENT & CEO 0.00
Officer Highest
$115,000 $0 $115,000
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 $1,801,184 $1,942,727 $303,054 $-141,543
2024 $1,655,936 $1,924,439 $325,595 $-268,503
2023 $1,969,741 $2,009,762 $662,072 $-40,021
2021 $1,780,872 $1,314,479 $536,696 $466,393
2020 $882,923 $910,996 $143,021 $-28,073
2019 $1,555,316 $1,369,417 $155,467 $185,899
2018 $1,381,289 $1,242,856 $206,948 $138,433
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