Connecticut Virtuosi Chamber Orchestra Inc
Nonprofit profile at a glance
- EIN
- 760822196
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2016, Form 990-EZ 2024
- Location
- New Britain, CT, USA
- Phone
- 8603056661
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $181,028
- Expenses
- $176,453
- Assets
- $104,728
- Liabilities
- $52,615
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Lynn L Laskowki (President)
- Anna Podkowiak (Vice President)
People named in this filing
- Zbigniew Matulaniec (Director)
- Chris Podkowiak (Director)
- David Opalenik (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To preserve and perpetuate the great traditions of classical music through a public performance season, educational programs, and by showcasing the excellence of regional and international talent.
What it reported doing in 2024
(1.) Public performance season of chamber orchestra concerts and fully staged operas. (2.) Educational presentations for New Britain and other regional public schools. (3.) Educational programs including a music school and summer festivals.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.5%; rating input score 97
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.5%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 14.3%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 44th percentile among comparable filings
- Revenue growth: -2.6% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 97.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $176K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 19/100.