LARK MUSICAL SOCIETY INC (EIN 954516002) - 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

ANDRE V BARSOUMIAN

Phone

8185009997

Tax Period

2023-01-01 to 2023-12-31

LARK MUSICAL SOCIETY INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $901K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $799K left a modest 11% surplus.

Mission

Provides Educational Music 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 $346,550

Program Service Revenue $505,328

Investment Income $21,347

Other Revenue $28,000

TOTAL REVENUE $901,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,061

Fundraising Expenses $0

Program Expenses $798,680

Other Expenses $601,619

TOTAL EXPENSES $798,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$901,225	$2,154,900	-0.6%
Expenses	$798,680	$931,051	-0.1%
Net Income	$102,545	$1,223,849	-0.9%

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

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

$82,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRE V BARSOUMIAN	President	40.00	Officer	$66,000	$0	$66,000
ASHOT KARTALYAN	Treasurer	20.00	Officer	$16,500	$0	$16,500
ANDY TOROSYAN	Chairman	5.00	Officer	$0	$0	$0
ROSE BAROUTJIAN	Secretary	5.00	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
2024	No data	No data	No data	No data
2023	$901,225	$798,680	$4,185,152	$102,545
2022	$2,154,900	$931,051	$4,277,181	$1,223,849
2021	$1,135,719	$644,588	$3,642,564	$491,131
2020	$967,751	$641,157	$2,641,254	$326,594
2019	$1,320,761	$1,008,335	$2,404,149	$312,426

LARK MUSICAL SOCIETY INC