VIRTUOSI OF HOUSTON (EIN 760509062) - 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

1997

Legal Domicile

Principal Officer

SUSAN P DEBAKEY

Phone

7134630801

Tax Period

2022-07-01 to 2023-06-30

VIRTUOSI OF HOUSTON, founded in 1997, is a small nonprofit in the Unknown sector that reported $188K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 21% operating deficit.

Mission

VIRTUOSI OF HOUSTON IS DEDICATED TO MENTORING AND INSPIRING THE NEXT GENERATION OF TALENTED YOUNG MUSICIANS IN PERFORMING SYMPHONIC MUSIC AND TO BECOME VALUED CONTRIBUTORS TO THEIR COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $92,723

Program Service Revenue $44,581

Investment Income $22

Other Revenue $50,646

TOTAL REVENUE $187,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,567

Fundraising Expenses $19,887

Program Expenses $170,315

Other Expenses $144,102

TOTAL EXPENSES $226,669

Year-over-Year Comparison

	2022	2021	Change
Revenue	$187,972	$379,319	-0.5%
Expenses	$226,669	$310,137	-0.3%
Net Income	$-38,697	$69,182	-1.6%

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

$65,808

Total Directors

$65,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN P DEBAKEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
KAREN REDDING	TREASURER	5.00	Officer Director	$0	$0	$0
JILL MAZUR	SECRETARY	5.00	Officer Director	$0	$0	$0
AMY BIRDWELL	DIRECTOR	5.00	Director	$0	$0	$0
MONZER HOURANI	DIRECTOR	1.00	Director	$0	$0	$0
ELINA HTUN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA PARRAS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN NEEDHAM	EXECUTIVE DIRECTOR	40.00	Officer Director	$65,808	$0	$65,808

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	$187,972	$226,669	$120,792	$-38,697
2022	$379,319	$310,137	$167,430	$69,182
2021	$334,199	$290,607	$90,911	$43,592
2020	$309,235	$360,749	$44,917	$-51,514
2019	$357,372	$459,221	$52,138	$-101,849

VIRTUOSI OF HOUSTON