Kansas City String Quartet Program
Nonprofit profile at a glance
- EIN
- 431707098
- IRS 990-EZ coverage
- 2009–2010
- Forms available
- Form 990-EZ 2010
- Location
- Kansas City, MO, USA
- Phone
- 4057435709
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $46,761
- Expenses
- $58,439
- Assets
- $3,134
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
7 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Kansas city string quartet program nurtures young musicians through the study and performance of chamber music.
What it reported doing in 2010
The program hosts two camps each year for young musicians. Each camp consists of intensive instruction for a week concluding with a faculty concert and a student concert. The program also offers free clinics to schools.
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 96% 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Sustainability: 11
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.2%; rating input score 96
- Program expense ratio: 77%; rating input score 77
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -25%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -5.2% per year; rating input score 0; 46th percentile among comparable filings
- Revenue growth: -32.7% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -121.1% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 96.2% of revenue deployed · 77% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $45K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2009 to 2010
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 19/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.