Wabash Valley Youth Symphony Inc

Nonprofit profile at a glance

EIN
352140881
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
West Lafayette, IN, USA
Phone
8123614164
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Symphony Orchestras

Reported finances

Revenue
$59,567
Expenses
$52,247
Assets
$80,561

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

Leadership & pay

9 people listed

Executive titles in this filing

  • CHRISTINA NEMCIK MONGOLD (PRESIDENT)

People named in this filing

  • CHRISTINA NEMCIK MONGOLD (PRESIDENT)
  • KEVIN LETCHER (VICE PRESIDE)
  • PAULA LEVERAGE (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

The mission of wabash valley youth symphony is to provide a high quality musical experience for qualified young musicians and to give them an opportunity to perform. This experience will be enriching and beneficial to the community at large.

What it reported doing in 2024

Seventy-five students participate in approximately 40 weekly rehearsals which are two hours in duration in preparation for three major concerts. The cumulative total of approximately 6,000 rehearsal hours are under the direction of professional musicians. The symphony performs for parents and family as well as members of the community at large. The concerts are performed free of charge and the performances are open to the public. They also perform several smaller concerts during the year at senior citizens homes and these performances reach hundreds of residents.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 82
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.6%; rating input score 84
  • Program expense ratio: 95%; rating input score 95

Transparency & Controls

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

Sustainability

  • Operating margin: 12.3%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 1.54; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 41.8%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 13.1% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 83.6% of revenue deployed · 95% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $50K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.