Verdigris Ensemble Inc
Nonprofit profile at a glance
- EIN
- 820698763
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Dallas, TX, USA
- Phone
- 9082830882
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Singing, Choral
Reported finances
- Revenue
- $490,670
- Expenses
- $455,160
- Assets
- $37,962
- Liabilities
- $613
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Teresa Bond (Board President)
- Jamie Winholtz (Vice President)
Highest reported compensation
- Sam Brukhman (Founding Artistic Director): $55,000 total reported compensation
- Jacki Miller (Choir Liaison): $21,907 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Verdigris Ensemble transforms lives through story-rich multi-sensory musical experiences by creating new works investing in musicians artists and communities and redefining vocal music through interdisciplinary programming and technology.
What it reported doing in 2024
Mainstage Experiences
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 54
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.2%; rating input score 63
- Program expense ratio: 68.1%; rating input score 68
- Fundraising efficiency: $107.7 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 82.4%; rating input score 82; 22nd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.2%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 16.9%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 31% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 36.6% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -26.9% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 63.2% of revenue deployed · 68.1% of spending went to programs
- Governance: 14 of 17 board members independent · 1 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $310K in reported program spending
- Leadership: top reported pay $55K · 21 people listed
- Consistency: 42 of 44 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Operating margin scored 55/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.