Tidewater Classic Guitar Society Inc

Nonprofit profile at a glance

EIN
541301497
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Norfolk, VA, USA
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Music

Official website

Reported finances

Revenue
$127,204
Expenses
$114,513
Assets
$53,958

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

Leadership & pay

15 people listed

Executive titles in this filing

  • Rodrigo Romulo (President)
  • Kenneth Pfeifer (Vice President)
  • Patrick Garrison (Executive Director)

People named in this filing

  • Rodrigo Romulo (President)
  • Kenneth Pfeifer (Vice President)
  • Patricia Pfeifer (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

Tidewater Classical Guitar is dedicated to enriching the community by cultivating the awareness and appreciation of classical guitar and related instruments through performance education and outreach.

What it reported doing in 2024

Outreach - Outreach Programs allow students at area public schools and other community organizations to engage with a professional teaching artist and performer and is focused on group engagement and classroom collaboration to bring students together through music. Students interact with a professional artist specializing in solo guitar and embrace ensemble playing and music coaching. This program has benefited over 300 persons and has assisted in elevating expectations of guitar education in public schools. Outreach areas include Chesapeake Norfolk Virginia Beach Suffolk Newport News and Williamsburg Virginia. In addition TCG operates and directs the Tidewater Guitar Orchestra which gives access to musical ensemble and performance experiences to all members of the community.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 82
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.2%; rating input score 72
  • Program expense ratio: 80.2%; rating input score 80

Transparency & Controls

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

Sustainability

  • Operating margin: 10%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 14.5%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 40.2% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 43.1% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 72.2% of revenue deployed · 80.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $92K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 6 of 6 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
  • 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 — Sustainability: Operating margin scored 58/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.