MUSICAL ARTS SOCIETY OF NEW ORLEANS

EIN: 721333207 501(c)(3) Arts, Culture & Humanities

NEW ORLEANS, LA

Total Revenue
$275,504
Total Expenses
$137,680
Total Assets
$250,523
Net Assets
$250,346
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
LA
Principal Officer
CARA MCCOOL WOOLF
Phone
5048994826
Tax Period
2023-01-01 to 2023-12-31

MUSICAL ARTS SOCIETY OF NEW ORLEANS, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $276K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 50% operating margin.

Mission

MASNO'S VISION IS TO BE A PRIMARY SOURCE IN ESTABLISHING NEW ORLEANS AS A VITAL AND VIBRANT CENTER FOR THE MUSICAL ARTS RECOGNIZED REGIONALLY, NATIONALLY, AND INTERNATIONALLY. MASNO'S MISSION IS 1) TO CREATE OPPORTUNITIES TO HEAR, PARTICIPATE IN, AND APPRECIATE PERFORMANCES OF THE MUSICAL ARTS BY ESTABLISHED AND EMERGING ARTISTS; 2) TO ENCOURAGE THE DEVELOPMENT OF SUPPORTIVE, KNOWLEDGEABLE, AND ENTHUSIASTIC AUDIENCES FOR CONCERTS PRESENTED BY THE MUSICAL ARTS SOCIETY AND OTHER MUSICAL ORGANIZATIONS; 3) TO NURTURE THE DEVELOPMENT OF TALENT; 4) TO CHAMPION MUSIC EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $238,720
Program Service Revenue $50,447
Investment Income $1,926
Other Revenue $-15,589
TOTAL REVENUE $275,504

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,853
Fundraising Expenses $8,454
Program Expenses $102,327
Other Expenses $92,827
TOTAL EXPENSES $137,680

Year-over-Year Comparison

2023 2022 Change
Revenue $275,504 $190,089 +0.4%
Expenses $137,680 $199,486 -0.3%
Net Income $137,824 $-9,397 -15.7%
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

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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
24
Independent Members
24
Employees
2
Volunteers
100

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
9
$40,000
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARA MCCOOL WOOLF Executive Dir. 40.00
Officer
$40,000 $0 $40,000
MICHAEL BOUCREE MEMBER 1.00
Director
$0 $0 $0
ANNE SUMICH MEMBER 1.00
Director
$0 $0 $0
PAMELA RICCIARDI MEMBER 1.00
Director
$0 $0 $0
HRISTO BIRBOCHUKOV MEMBER 1.00
Director
$0 $0 $0
COURTNEY BRYAN MEMBER 1.00
Director
$0 $0 $0
MARY ALBERT MEMBER 1.00
Director
$0 $0 $0
PETER COLLINS MEMBER 1.00
Director
$0 $0 $0
DAVID GREENHOUSE MEMBER 1.00
Director
$0 $0 $0
LEO LANDRY MEMBER 1.00
Director
$0 $0 $0
JULIE DOAN MEMBER 1.00
Director
$0 $0 $0
ALLAN LEDBETTER MEMBER 1.00
Director
$0 $0 $0
BRIAN HSU MEMBER 1.00
Director
$0 $0 $0
JOAN JENSEN MEMBER 1.00
Director
$0 $0 $0
VICTORIA ZANGARA MEMBER 1.00
Director
$0 $0 $0
HANS MULDER MEMBER 1.00
Director
$0 $0 $0
IGOR RESNIANSKI MEMBER 1.00
Director
$0 $0 $0
BARBARA SANDS MEMBER 1.00
Director
$0 $0 $0
CASEY DIETZ ZAINEY MEMBER 1.00
Director
$0 $0 $0
MEGAN SHANNON MEMBER 1.00
Director
$0 $0 $0
CHARLES TAYLOR MEMBER 1.00
Director
$0 $0 $0
DANIEL WEILBAECHER DIR. EMERITUS 8.00
Officer
$0 $0 $0
ROBERT EDGECOMBE PRESIDENT-ELECT 1.00
Officer
$0 $0 $0
JASON BURGE President 1.00
Officer
$0 $0 $0
LINDSAY WELLS REC SECRETARY 1.00
Officer
$0 $0 $0
ALAN CHOW CHAIRMAN-JURY 1.00
Officer
$0 $0 $0
BRUCE CRUTCHER Treasurer 1.00
Officer
$0 $0 $0
THERESA VOORHIES CORR. SECRETARY 1.00
Officer
$0 $0 $0
WILLIAM MARSHALL PAST PRESIDENT 1.00
Officer
$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 No data No data No data No data
2023 $275,504 $137,680 $250,523 $137,824
2022 $190,089 $199,486 $109,676 $-9,397
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