Piano Spheres (EIN 912106973) - 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

1994

Legal Domicile

Principal Officer

Jess Morton

Phone

3232260326

Tax Period

2024-07-01 to 2025-06-30

Piano Spheres, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $190K left a modest 15% surplus.

Mission

Piano Spheres primary purpose is to present, promote, and produce musical performances for the Southern California public.

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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 (2024)

Revenue Breakdown

Contributions & Grants $212,926

Program Service Revenue $16,697

Investment Income $0

Other Revenue $-7,033

TOTAL REVENUE $222,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,200

Fundraising Expenses $17,912

Program Expenses $130,167

Other Expenses $123,037

TOTAL EXPENSES $190,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,590	$124,335	+0.8%
Expenses	$190,237	$181,243	+0.0%
Net Income	$32,353	$-56,908	-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

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

$67,200

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Gauthier	Executive Director	020.00	Officer	$39,000	$0	$39,000
Thomas Welsh	Associate Director	015.00	Officer	$16,100	$0	$16,100
Richard An	Assistant Director	005.00	Officer	$12,100	$0	$12,100
Heidi Lesemann	Treasurer	005.00	Director	$12,000	$0	$12,000
Jess Morton	President	001.00	Director	$0	$0	$0
Mary Hannon	Secretary	001.00	Director	$0	$0	$0
Katherine Kotcheff	Member	001.00	Director	$0	$0	$0
Mark Saltzman	Member	001.00	Director	$0	$0	$0
Vicki Ray	Member	001.00	Director	$0	$0	$0
Hunter Ochs	Member	001.00	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	$222,590	$190,237	$68,737	$32,353
2023	$251,076	$216,705	$99,643	$34,371

Piano Spheres