THE TIDEWATER WINDS

EIN: 541637882 501(c)(3) Arts, Culture & Humanities

VIRGINIA BEACH, VA

Total Revenue
$228,993
Total Expenses
$340,981
Total Assets
$100,835
Net Assets
$100,767
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
VA
Principal Officer
MATTHEW WEINSTEIN
Phone
7574800953
Tax Period
2023-01-01 to 2023-12-31

THE TIDEWATER WINDS, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $341K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE MISSION OF TIDEWATER WINDS IS TO PROVIDE QUALITY CONCERT BAND PROGRAMMING IN THE HAMPTON ROADS REGION. THROUGH COMMUNITY PARTNERSHIPS AND LOCAL INITIATIVES, TIDEWATER WINDS WORKS TO PROVIDE MUSICAL PERFORMANCES, SPECIAL PROJECTS, AND EDUCATIONAL PROGRAMMING AT THE HIGHEST LEVEL OF EXCELLENCE. IT IS OUR CHARGE TO MUSICALLY SERVE THE HAMPTON ROADS REGION WHILE OFFERING EQUITY AND INCLUSION TO ALL AUDIENCES. WE AIM TO ENCOURAGE EDUCATION, SOCIALIZATION AND UNITY THROUGH OUR MUSICAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $310,375

FOUNDED IN 1985 BY LOCAL BAND DIRECTOR, SID BERG, TIDEWATER WINDS IS PROFESSIONAL, NON-PROFIT, 65-MEMBER CONCERT BAND PROVIDING THREE CORE SIGNATURE SERVICES TO HAMPTON ROADS. THESE SERVICES HELP...

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FOUNDED IN 1985 BY LOCAL BAND DIRECTOR, SID BERG, TIDEWATER WINDS IS PROFESSIONAL, NON-PROFIT, 65-MEMBER CONCERT BAND PROVIDING THREE CORE SIGNATURE SERVICES TO HAMPTON ROADS. THESE SERVICES HELP DEFINE OUR MISSION AND ENSURE A POSITIVE IMPACT ON OUR COMMUNITY. THEY INCLUDE A FREE SUMMER CONCERT SERIES, AN INTENSIVE MUSIC EDUCATION PROGRAM, AND A COMMUNITY OUTREACH PROGRAM CONSISTING OF SMALL ENSEMBLES. EDUCATION IS AN INTERGRAL PART OF OUR WORK AND INCLUDE AN INTENSE SUMMER INTERSHIP FOR UP TO 25 STUDENTS, MASTER CLASSES, BAND CLINICS, AND THE R.I.M.E. PROJECT (READING IN MUSIC EDUCATION) FOR 3RD GRADE STUDENTS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $157,652
Program Service Revenue $44,375
Investment Income $-3,117
Other Revenue $30,083
TOTAL REVENUE $228,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,834
Fundraising Expenses $4,629
Program Expenses $310,375
Other Expenses $274,147
TOTAL EXPENSES $340,981

Year-over-Year Comparison

2023 2022 Change
Revenue $228,993 $262,647 -0.1%
Expenses $340,981 $312,701 +0.1%
Net Income $-111,988 $-50,054 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
5
Volunteers
70

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
$52,499
Total Directors
17
$52,499
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW WEINSTEIN PRESIDENT 2.00
Officer Director
$0 $0 $0
BOB BATCHER VICE-PRESIDE 2.00
Officer Director
$0 $0 $0
DON HURWITZ TREASURER 2.00
Officer Director
$0 $0 $0
TODD MOORE ASST. TREASU 2.00
Officer Director
$0 $0 $0
BART BARTON DIRECTOR 0.50
Director
$0 $0 $0
KATHRYN BARRETT DIRECTOR 0.50
Director
$0 $0 $0
ANNAMARIE SMITH-BUTZ DIRECTOR 0.50
Director
$0 $0 $0
FRANK CREASEY DIRECTOR 0.50
Director
$0 $0 $0
DAN EDWARDS DIRECTOR 0.50
Director
$0 $0 $0
ELLARD FORRESTER DIRECTOR 0.50
Director
$0 $0 $0
LESLIE FRIEDMAN DIRECTOR 0.50
Director
$0 $0 $0
MANDY GEORGE DIRECTOR 0.50
Director
$0 $0 $0
CHAD HUGO DIRECTOR 0.50
Director
$0 $0 $0
HARVEY C MILLER DIRECTOR 0.50
Director
$0 $0 $0
R SCOTT MORGAN DIRECTOR 0.50
Director
$0 $0 $0
RACHEL TRUSSELL DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL KERRY WILLIAMS EXECUTIVE DI 40.00
Officer Director
$52,499 $0 $52,499
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
2023 $228,993 $340,981 $100,835 $-111,988
2022 $262,647 $312,701 $188,835 $-50,054
2021 $304,081 $205,015 $220,342 $99,066
2020 $195,749 $149,613 $107,747 $46,136
2019 $202,242 $200,869 $61,594 $1,373
2018 $222,738 $197,887 $59,303 $24,851
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