The Patriot Brass Ensemble Inc
Nonprofit profile at a glance
- EIN
- 272542574
- IRS 990-EZ coverage
- 2020–2020
- Forms available
- Form 990 2019, Form 990-EZ 2020
- Location
- New York, NY, USA
- Phone
- 2126683046
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Music Groups, Bands, Ensembles
Reported finances
- Revenue
- $73,347
- Expenses
- $119,006
- Assets
- $73,872
- Liabilities
- $188,871
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Ron Waserman (President)
- Steven Behnke (Executive Director)
People named in this filing
- Ron Waserman (President)
- Erin Paul (Treasurer)
- Audrey Flores (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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Patriot Brass Ensemble was established to improve the quality of life for veterans and military families through musical programs and services. At the core of our values is the belief that every member of the military deserves the best music, without prejudice, and with passion and integrity.
What it reported doing in 2020
Patriot brass ensemble performs free professional concerts to create a better quality of life for veterans in long term care facilities. We hire the best musicians in New York city and ths surrounding area to bring a quality of music that is rarely heard in state and va long term care facilities for veterans. In 2020 we like everyone else had to change our programing and recorded custom made concerts for veterans in long term care to be played on tvs in veterans homes in support of their mental health. We also put on free outdoor concerts and supported outdoor events for veterans in the New York city area when safe. We are proud to be the fiscal sponsor of nyc veterans alliance foundation, a nyc-based nonprofit that supports the wellbeing of veterans.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.5%; rating input score 84
- Program expense ratio: 52.1%; rating input score 52
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -62.3%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 2.56; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -5.9% per year; rating input score 0; 44th percentile among comparable filings
- Asset growth: 19% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 84.5% of revenue deployed · 52.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $62K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 3 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.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.