GARTH NEWEL MUSIC CENTER FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

STEPHEN WOGAMAN

Phone

5408395018

Tax Period

2024-01-01 to 2024-12-31

GARTH NEWEL MUSIC CENTER FOUNDATION, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $518K, a strong 22% operating margin.

Mission

TO ENRICH LIVES THROUGH INSPIRED CHAMBER MUSIC AND PERFORMING ARTS EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $934,906 Revenue: $251,911

PLAN, HOST, AND PERFORM YEAR ROUND CHAMBER MUSIC CONCERTS.

Program 2

Expenses: $72,783 Revenue: $60,193

COMPREHENSIVE K-12 STRING MUSIC EDUCATION PROGRAM.

Program 3

Expenses: $4,108 Revenue: $22,800

TOURING AND EDUCATIONAL OUTREACH PROGRAMS THROUGHOUT THE REGION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,257,659

Program Service Revenue $334,904

Investment Income $680,090

Other Revenue $65,496

TOTAL REVENUE $2,338,149

Expense Breakdown

Grants Paid $3,750

Salaries & Benefits $1,016,382

Fundraising Expenses $155,709

Program Expenses $1,011,797

Other Expenses $799,633

TOTAL EXPENSES $1,819,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,338,149	$3,272,677	-0.3%
Expenses	$1,819,765	$1,769,836	+0.0%
Net Income	$518,384	$1,502,841	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$80,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN WOGAMAN	CEO	40.00	Officer	$56,000	$0	$56,000
SHAWN PULLER	Executive Dir.	40.00	Officer	$24,261	$0	$24,261
GENE SULLIVAN	Chairman	2.00	Officer Director	$0	$0	$0
DAVID HOPKINS	Director	2.00	Director	$0	$0	$0
DAN FOSTER	Director	2.00	Director	$0	$0	$0
SARAH HAGEN MCWILLIAMS	Vice President	2.00	Officer Director	$0	$0	$0
TERESA HUDSON	Director	2.00	Director	$0	$0	$0
DON RAGLAND	Treasurer	2.00	Officer Director	$0	$0	$0
STEPHANIE HINER	Secretary	2.00	Officer Director	$0	$0	$0
CALLEN MCJUNKIN	Director	2.00	Director	$0	$0	$0
DAVID GOODRICH	Director	2.00	Director	$0	$0	$0
KEITH HUMMER	Director	2.00	Director	$0	$0	$0
ELIZABETH HARRALSON	Director	2.00	Director	$0	$0	$0
BET NEALE	Director	2.00	Director	$0	$0	$0
J LEE E OSBORNE	Director	2.00	Director	$0	$0	$0
JANICE MUELLER	Director	2.00	Director	$0	$0	$0
JOHN DIFFEY	Director	2.00	Director	$0	$0	$0
JAY LOCKMAN	Director	2.00	Director	$0	$0	$0
JENNIFER RINEHART	Director	2.00	Director	$0	$0	$0
CHARLOTTE PORTERFIELD	Director	2.00	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	$2,338,149	$1,819,765	$13,339,111	$518,384
2023	$3,272,677	$1,769,836	$12,601,425	$1,502,841
2022	$2,377,446	$1,490,338	$10,487,572	$887,108
2021	$3,286,449	$1,280,459	$11,030,155	$2,005,990
2020	$4,498,403	$1,139,129	$8,577,646	$3,359,274
2019	$1,826,787	$1,419,110	$4,974,873	$407,677
2018	$1,761,306	$1,420,531	$4,191,536	$340,775