Friends of Garfield Orchestra (EIN 911469442) - 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

1995

Legal Domicile

Principal Officer

Nancy McSharry Jensen

Phone

2068527606

Tax Period

2022-09-01 to 2023-08-31

Friends of Garfield Orchestra, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2022. Revenue surged 387% from the prior year, signaling strong growth momentum. Expenses of $198K left a modest 4% surplus.

Mission

Support music study at Garfield High School in Seattle, WA.

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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 $46,343

Program Service Revenue $142,464

Investment Income $2,482

Other Revenue $14,048

TOTAL REVENUE $205,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $117

Program Expenses $192,501

Other Expenses $197,710

TOTAL EXPENSES $197,710

Year-over-Year Comparison

	2022	2021	Change
Revenue	$205,337	$42,165	+3.9%
Expenses	$197,710	$29,767	+5.6%
Net Income	$7,627	$12,398	-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
Nancy McSharry Jensen	President	1.00	Officer Director	$0	$0	$0
Peter Carlin	Treasurer	2.00	Officer Director	$0	$0	$0
Janey Petty	President	2.00	Officer Director	$0	$0	$0
Kendra Fann	Secretary	1.00	Officer 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
2023	$205,337	$197,710	$198,233	$7,627

Friends of Garfield Orchestra