VERITAS YOUTH ORCHESTRA A NJ NONPROFIT CORPORATION (EIN 813773549) - 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

2016

Legal Domicile

Principal Officer

JACQUELINE FUNG

Phone

7322596112

Tax Period

2022-09-01 to 2023-08-31

VERITAS YOUTH ORCHESTRA A NJ NONPROFIT CORPORATION, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $14K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $16K exceeded revenue, resulting in a 18% operating deficit.

Mission

Provide musical training to a wide array of students of all levels and backgrounds, promote excellence while fostering individual development, and educate musicians and community members given 6 concerts since 2016 Fall

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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 $4,100

Program Service Revenue $9,507

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,658

Other Expenses $16,016

TOTAL EXPENSES $16,016

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,607	$15,390	-0.1%
Expenses	$16,016	$17,599	-0.1%
Net Income	$-2,409	$-2,209	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIRA KANG	ARTISTIC DIRECTOR	006.00	Director	$0	$0	$0
DAVID SUNGHI JEONG	BOARD MEMBER / CONDUCTOR	002.00	Director	$0	$0	$0
JOSEPH LYNCH	BOARD MEMBER	002.00	Director	$0	$0	$0
JACQUELINE FUNG	TREASURER	002.00	Director	$0	$0	$0
MENG LI	PRESIDENT	002.00	Officer	$0	$0	$0
FANGKUN LEE	SECRETARY	002.00	Officer	$0	$0	$0
SUNNY CHANG	HOSPITALITY	002.00	Officer	$0	$0	$0
NANJING ZHANG	BOARD MEMBER	002.00	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
2023	$13,607	$16,016	$2,075	$-2,409
2022	$15,390	$17,599	$4,484	$-2,209
2021	$7,016	$17,924	$6,693	$-10,908
2020	$14,150	$7,850	$17,601	$6,300
2019	$21,825	$22,332	$11,301	$-507
2018	$18,599	$13,966	$11,808	$4,633

VERITAS YOUTH ORCHESTRA A NJ NONPROFIT CORPORATION