Texas Medical Center Orchestra

Nonprofit profile at a glance

EIN
760669727
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Houston, TX, USA
Phone
7138902691
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Music

Official website

Reported finances

Revenue
$139,807
Expenses
$142,609
Assets
$187,890
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Stephen Cook (President)
  • David Miller (Vice President)
  • Charles Lee (President Emeritus)
  • Daniel Musher (President Emeritus)

People named in this filing

  • Stephen Cook (President)
  • Veronica Rosenberg (Treasurer)
  • Steve Lopez (Secretary)

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

Texas Medical Center Orchestra (TMCO) has a fourfold mission: 1. To serve a broad section of the Houston area population by performing affordable concerts with popular programming at accessible venues 2. Use educational programs to inspire and encourage local students to perform preconcert performances and be involved in music throughout their lives 3. To perform at hospitals, senior care facilities, and local performance venues, and bring attention and support to educational- and medical-related charities 4. To provide a creative musical oasis for healthcare workers and musicians

What it reported doing in 2024

Performed five concerts throughout the season, including 3 at the Hobby Center for the Performing Arts, 1 at the Miller Outdoor Theater and one at the Memorial Hermann Hospital. The number of attendees at each concert ranges from about 200 - 500. For Hobby Center concerts, we sell tickets. Miller Outdoor Theater and the Hospital performances are free to the public. Orchestra members also provided outreach services at schools and hospitals

Operating model

Revenue model
Donor-supported. 69% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 82
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.3%; rating input score 67
  • Program expense ratio: 64.7%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 1.32; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 21.8% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 17.9% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 67.3% of revenue deployed · 64.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $92K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 28/100.