PEGASUS THE ORCHESTRA (EIN 822786185) - 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

2017

Legal Domicile

Principal Officer

KAREN HAKOBYAN

Phone

9177446337

Tax Period

2023-01-01 to 2023-12-31

PEGASUS THE ORCHESTRA, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $94K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $111K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO EMPOWER RISING MUSICIANS WITH ARTISTIC FREEDOM AND PROMOTE INNOVATIVE REPERTOIRE IN AN ENVIRONMENT OF CREATIVE THOUGHT AND EXPRESSION.

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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 $0

Program Service Revenue $93,640

Investment Income $0

Other Revenue $0

TOTAL REVENUE $93,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $110,948

TOTAL EXPENSES $110,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,640	$139,989	-0.3%
Expenses	$110,948	$168,788	-0.3%
Net Income	$-17,308	$-28,799	-0.4%

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

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
KAREN HAKOBYAN	CHRMN	040.00	Officer Director Key Emp Highest	$0	$0	$0
LOUIS K MEISEL	VICE-CHRMN	002.00	Director	$0	$0	$0
EUGENE LEMAY	VICE-CHRMN	002.00	Director	$0	$0	$0
HELENA MIRZOYAN	SECRETARY	005.00	Officer Director	$0	$0	$0
ELI AMDUR	DIRECTOR	002.00	Director	$0	$0	$0
YIGAL OZERI	DIRECTOR	002.00	Director	$0	$0	$0
THOMAS DYER	DIRECTOR	002.00	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	No data	No data	No data	No data
2023	$93,640	$110,948	$27,485	$-17,308
2022	$139,989	$168,788	$44,793	$-28,799
2021	$26,759	$74,154	$73,592	$-47,395
2020	$171,185	$75,413	$129,195	$95,772
2019	$155,739	$136,865	$25,215	$18,874
2018	$43,433	$39,439	$6,341	$3,994

PEGASUS THE ORCHESTRA