True Concord Voices and Orchestra Inc

Nonprofit profile at a glance

EIN
562488631
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Tucson, AZ, USA
Phone
5204012651
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$1,106,917
Expenses
$1,092,744
Assets
$993,474
Liabilities
$171,635

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

Leadership & pay

12 people listed

Highest reported compensation

  • Eric Holtan (Founding Music Director): $90,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

True Concord shares beauty, joy and harmony with the world by creating musical experiences that move, enrich and inspire. We accomplish this primarily through performances and recordings of masterworks, new works and the music of America's cultural mosaic.

What it reported doing in 2024

(French Masters: 2 Concerts, October 11-12 2024, Live Concert Attendance 611) (Frankenstein & Brahms: 3 Concerts, November 22-24 2024, Live Concert Attendance 716, Video Concert Total 8) (Lessons & Carols: 5 Concerts, December 12-15 2024, Live Concert Attendance 1,479, Video Concert Total 13) (Ryan Speedo Green: 1 Concert, January 16 2025, Live Concert Attendance 197) (Handel & Vivaldi: 3 Concerts, January 17-19 2025, Live Concert Attendance 1,223, Video Concert Total 11) (Nation 2025: 1 Concert, February 18 2025, Live Concert Attendance 67) (The Love of Flight: 3 Concerts, February 28-March 2 2025, Live Concert Attendance 1,251, Video Concert Total 12) (Mozart Requiem & Prayers: 3 Concerts, March 28-30 2025, Live Concert Attendance 1,304, Video Concert Total 12) (Chelsea Helm: 1 Concert, April 1 2025, Live Concert Attendance 102).

Operating model

Revenue model
Donor-supported. 71% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 80
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.8%; rating input score 86
  • Program expense ratio: 86.5%; rating input score 87
  • Fundraising efficiency: $12.36 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.3%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 8.2%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 85.8% of revenue deployed · 86.5% of spending went to programs
  • Governance: 11 of 12 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $946K in reported program spending
  • Leadership: top reported pay $90K · 12 people listed
  • Consistency: 43 of 43 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.