THE TIDEWATER WINDS (EIN 541637882) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

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 $223K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $198K left a modest 11% surplus.

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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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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

$52,499

Total Directors

$52,499

Key Employees

Highest Compensated

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

THE TIDEWATER WINDS