Stern Grove Festival Association (EIN 946064356) - 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

1938

Legal Domicile

Principal Officer

Robert A Fiedler

Phone

4152526252

Tax Period

2023-10-01 to 2024-09-30

Stern Grove Festival Association, founded in 1938, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $18.0M represent 49 months of operating reserves.

Mission

Stern Grove Festival Association (SGFA) is an independent nonprofit organization providing free musical concerts and education programs to the 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 (2023)

Revenue Breakdown

Contributions & Grants $3,090,172

Program Service Revenue $0

Investment Income $701,854

Other Revenue $575,687

TOTAL REVENUE $4,367,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,344,338

Fundraising Expenses $658,503

Program Expenses $3,556,315

Other Expenses $3,323,388

TOTAL EXPENSES $4,667,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,367,713	$3,477,051	+0.3%
Expenses	$4,667,726	$4,024,710	+0.2%
Net Income	$-300,013	$-547,659	-0.5%

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

279

Volunteers

100

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

$257,065

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew W Goldman	Chairman	4.00	Officer Director	$0	$0	$0
Jason E Goldman	Vice Chairman	2.00	Officer Director	$0	$0	$0
David Sikes	Secretary	2.00	Officer Director	$0	$0	$0
Aaron P Waxman CPA	Treasurer	2.00	Officer Director	$0	$0	$0
Elizabeth Allen	Board Member	1.00	Director	$0	$0	$0
Joe Amadea	Board Member	1.00	Director	$0	$0	$0
Ian Del Balso	Board Member	1.00	Director	$0	$0	$0
Josh Constine	Board Member	1.00	Director	$0	$0	$0
Leif Dautch	Board Member	1.00	Director	$0	$0	$0
Charlton Gholson	Board Member	1.00	Director	$0	$0	$0
Douglas E Goldman	Board Member	1.00	Director	$0	$0	$0
Jennifer R Goldman	Board Member	1.00	Director	$0	$0	$0
Erin Hastings	Board Member	1.00	Director	$0	$0	$0
David Katznelson	Board Member	1.00	Director	$0	$0	$0
Jordan Kurland	Board Member	1.00	Director	$0	$0	$0
Eve Meyers Loecher	Board Member	1.00	Director	$0	$0	$0
Fiona Ma	Board Member	1.00	Director	$0	$0	$0
Robin W Michel	Board Member	1.00	Director	$0	$0	$0
Morton A Pactor	Board Member	1.00	Director	$0	$0	$0
Maxine Raphael	Board Member	1.00	Director	$0	$0	$0
Marc Ruxin	Board Member	1.00	Director	$0	$0	$0
Annelise Schuebach	Board Member	1.00	Director	$0	$0	$0
Mark C Schulze	Board Member	1.00	Director	$0	$0	$0
Phil Tomey	Board Member	1.00	Director	$0	$0	$0
Chris Young	Board Member	1.00	Director	$0	$0	$0
Robert Fiedler	Executive Director	43.33	Officer	$243,000	$14,065	$257,065
Ilana G Vasconcelos	Director of Development	43.33	Highest	$150,000	$9,659	$159,659
Molly Fremgen	Director of Marketing	43.33	Highest	$112,000	$7,139	$119,139
Joseph Lafond	Director of Operations	43.33	Highest	$110,000	$6,937	$116,937
Noah Pilchen	Associate Dir. of Strategic Partnerships	43.33	Highest	$115,000	$6,782	$121,782

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
2024	$4,367,713	$4,667,726	$18,635,400	$-300,013
2023	$3,477,051	$4,024,710	$16,207,019	$-547,659
2022	$4,508,078	$3,648,699	$14,800,950	$859,379
2021	$2,202,140	$2,905,998	$17,815,194	$-703,858
2020	$4,989,833	$1,431,187	$15,948,366	$3,558,646
2019	$2,724,633	$2,625,593	$14,432,303	$99,040
2018	$2,408,812	$2,625,026	$15,177,729	$-216,214

Stern Grove Festival Association