COMPOSERS NOW INC

EIN: 812244711 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$145,117
Total Expenses
$273,782
Total Assets
$124,830
Net Assets
$93,590
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
Tania J Leon
Phone
2128849914
Tax Period
2023-10-01 to 2024-09-30

COMPOSERS NOW INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $145K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 89% operating deficit.

Mission

Composers Now empowers all living composers cleebrates the diversity of their voices and honors the significance of their artistic contributions to the cultural fabric of society

Program Service Accomplishments

Program 1
Expenses: $31,847 Revenue: $0

The First Commission program supports young composers young composers by fostering their artistic and creative growth. Composers in middle school to high schools ages nominated by Luna Composition...

Read more

The First Commission program supports young composers young composers by fostering their artistic and creative growth. Composers in middle school to high schools ages nominated by Luna Composition Lab and NY Philharmonic are evaluated by a jury. Chosen composers receive a Composers Now commission and have their works premiered at CNs Festival Opening Event. 2024 winner is Devon Gates bassist vocalist and composer from Atlanta Georgia. Her composer mentor is Yosvany Terry.

Program 2
Expenses: $31,846 Revenue: $4,000

The Cheswatyr Commissions was created and produced by Composers Now with underwriting for the Cheswatyr Foundation. The award commemorates Cece Wasserman and foregrounds her legacy of empowering...

Read more

The Cheswatyr Commissions was created and produced by Composers Now with underwriting for the Cheswatyr Foundation. The award commemorates Cece Wasserman and foregrounds her legacy of empowering living composers. In FY24 the 2023 commission awardee Alyssa Regent presented her world premier "The Island Before Open Waters" at the Forum Columbia University in October 2023. Bora Yoon served as her mentor. Composers Now awarded Spanish composer Milena Casado with the commission. She will present her world premier in November 2024 at the Forum at Columbia University.

Program 3
Expenses: $74,729 Revenue: $0

Dialogues is an innovative initiative hosted by the orgs Founder & Artistic Director Tania Leon. Each Dialogue opens with inspiring performances followed by thought-provoking town-hall style...

Read more

Dialogues is an innovative initiative hosted by the orgs Founder & Artistic Director Tania Leon. Each Dialogue opens with inspiring performances followed by thought-provoking town-hall style conversations culminating in meaningful exchanges among composers performers and audiences. The composers highlight the rich cultural diversity of NYC. In FY24 CN brought Dialogues to audiences in Queens The Bronx and Brooklyn. Dialogues No. 12 showcased composers Wang Lu Fernando Otero and Laurie Spiegel. Bargemusic in Brooklyn hosted this Dialogue. Dialogues No. 13 featured Victoria Cheah Susie Ibarra and Kamala Sankaram. CN partnered with Bronx Arts Ensemble and the Van Cortlandt Part Alliance. With the support of a grant from the Mellon Foundation CN took Dialogues on the road - Dialogues 14 was hosted at the Miami Light Project in Miami Florida. This Dialogue was co-hosted by Orlando Garcia and featured Yissy Garcia Juraj Kojs and Milly Turner. Dialogue No 15 was held in Chicago IL at PianoForte. The co-host was Coco Elysees and the featured composers were Edward Wilkerson Jr. Sophie McMillian-Myers and Kari Watson. Dialogues No. 16 held in Sept 2024 was held at LaGuardia Community College featuring Daniel Blake Lisa DeSpain and Anais Maviel.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,841
Program Service Revenue $4,000
Investment Income $0
Other Revenue $-7,724
TOTAL REVENUE $145,117

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $26,231
Program Expenses $222,955
Other Expenses $273,782
TOTAL EXPENSES $273,782

Year-over-Year Comparison

2023 2022 Change
Revenue $145,117 $355,578 -0.6%
Expenses $273,782 $166,061 +0.6%
Net Income $-128,665 $189,517 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

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
2
$34,275
Total Directors
6
$34,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tania J Leon Board Chair Artistic Director 25.00
Officer Director
$34,275 $0 $34,275
Ingrid Aybar Board Secretary 0.50
Officer Director
$0 $0 $0
David Del Tredici Board Member 0.50
Director
$0 $0 $0
Michael Minard Board Member 0.50
Director
$0 $0 $0
N/A Board Member 0.50
Director
$0 $0 $0
Henry Threadgill Board Member 0.50
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
2024 $145,117 $273,782 $124,830 $-128,665
2023 $355,578 $166,061 $256,858 $189,517
2022 $93,405 $134,412 $66,194 $-41,007
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare COMPOSERS NOW INC with other nonprofits in New York and across the country.