Fenimore Chamber Orchestra Inc
Nonprofit profile at a glance
- EIN
- 872145628
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Cooperstown, NY, USA
- Phone
- 9178596672
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $121,805
- Expenses
- $181,809
- Assets
- $26,516
- Liabilities
- $2,565
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- THOMAS WOLF (CHAIR)
- MELISSA MANIKAS (VICE CHAIR)
- ROSEMARY SUMMERS (TREASURER/SE)
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
The orchestra is organized to provide performances of great music at the highest level of artistic excellence for the enjoyment of residents and guests of the inhabitants of the cooperstown region, including surrounding rural communities of otsego, Delaware, and chenanago counties (all three counties are economically stressed). The orchestra will also serve to employ accomplished musicians of the greater catskill mountain region with challenging opportunities to perform with their peers and to expose and inspire young people through educational outreach efforts (including, e.g.complimentary concert tickets for children).
What it reported doing in 2024
Five chamber music concerts at home venue in cooperstown plus one runout concert
Operating model
- Revenue model
- Donor-supported. 70% 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. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 11
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 78.7%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -49.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 9.8%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 19.9% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: -13.3% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 78.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $143K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.