THIRD ANGLE NEW MUSIC ENSEMBLE (EIN 930918692) - 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

1985

Legal Domicile

Principal Officer

Evan Lewis

Phone

5033310301

Tax Period

2023-07-01 to 2024-06-30

THIRD ANGLE NEW MUSIC ENSEMBLE, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $369K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

Third Angle New Music's mission is to perform, present, and record adventurous contemporary sonic works while commissioning new works from a diverse spectrum of composers.

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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 $334,410

Program Service Revenue $32,003

Investment Income $1,579

Other Revenue $980

TOTAL REVENUE $368,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,379

Fundraising Expenses $18,805

Program Expenses $314,652

Other Expenses $163,982

TOTAL EXPENSES $371,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,972	$464,445	-0.2%
Expenses	$371,361	$334,368	+0.1%
Net Income	$-2,389	$130,077	-1.0%

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

Volunteers

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

$65,740

Total Directors

$50,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carissa Burkett	Executive Director	40	Officer	$65,740	$0	$65,740
Sarah Tiedemann	Artistic Director	20	Director	$46,856	$0	$46,856
Valdine Ritchie Mishkin	Director	3	Director	$3,184	$0	$3,184
Michael Reed	Co-President	10	Officer Director	$0	$0	$0
Christine Liu	Co-President	10	Officer Director	$0	$0	$0
Alex Van Rysselbergh	Vice President	5	Officer Director	$0	$0	$0
Sean Schwartz	Treasurer	5	Officer Director	$0	$0	$0
Linda Woody	Secretary	5	Officer Director	$0	$0	$0
Jonathan Marrs	Director	3	Director	$0	$0	$0
Ross Seligman	Director	3	Director	$0	$0	$0
Evan Lewis	Executive Director	40	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
2025	No data	No data	No data	No data
2024	$368,972	$371,361	$269,744	$-2,389
2023	$464,445	$334,368	$274,336	$130,077
2022	$316,128	$414,183	$148,718	$-98,055
2021	$288,635	$224,013	$227,442	$64,622
2020	$297,108	$296,689	$162,820	$419

THIRD ANGLE NEW MUSIC ENSEMBLE