TRUE CONCORD VOICES AND ORCHESTRA INC (EIN 562488631) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

Eve Shapiro

Phone

5204012651

Tax Period

2023-07-01 to 2024-06-30

TRUE CONCORD VOICES AND ORCHESTRA INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

True Concord Voices & Orchestra creates experiences that move, enrich and inspire through the performance of musical events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $893,979

Program Service Revenue $244,618

Investment Income $23,117

Other Revenue $22,790

TOTAL REVENUE $1,184,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,939

Fundraising Expenses $102,373

Program Expenses $1,056,730

Other Expenses $960,654

TOTAL EXPENSES $1,248,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,184,504	$1,022,808	+0.2%
Expenses	$1,248,593	$1,090,973	+0.1%
Net Income	$-64,089	$-68,165	-0.1%

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

Total Directors

$81,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Holtan	Founding Director	40	Director	$81,000	$0	$81,000
Eve Shapiro	Chair	6	Officer Director	$0	$0	$0
Nancy March	Vice Chair of Strategic Initiatives	2	Officer Director	$0	$0	$0
Julia Pernet	Vice Chair	2	Officer Director	$0	$0	$0
Andrea Robson	Treasurer	3	Officer Director	$0	$0	$0
Claire West	Secretary	2	Director	$0	$0	$0
Susan Markovich	Director	1	Director	$0	$0	$0
Sandra Um	Director	1	Director	$0	$0	$0
John Anderson	Director	1	Director	$0	$0	$0
Lendre Kearns	Director	1	Director	$0	$0	$0
Jeannette Segel	Director	1	Director	$0	$0	$0
Andrew Watson	Director	1	Director	$0	$0	$0
Pat Bjorhovide	Director	1	Director	$0	$0	$0
Luis Villa	Director	1	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	$1,184,504	$1,248,593	$766,115	$-64,089
2023	$1,022,808	$1,090,973	$561,920	$-68,165
2022	$813,407	$799,413	$759,855	$13,994
2021	$1,153,387	$741,302	$889,691	$412,085

TRUE CONCORD VOICES AND ORCHESTRA INC