Westchester-putnam Youth Symphony Inc

Nonprofit profile at a glance

EIN
134145333
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Mahopac, NY, USA
Phone
9145826838
Rating
51
Verdict
MIXED
Rating confidence
Moderate
Sector
Symphony Orchestras

Official website

Reported finances

Revenue
$18,329
Expenses
$16,001
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • CHERYL HAVENS (PRESIDENT)
  • MARGARET A ROGERS (VICE PRESIDENT)

Highest reported compensation

  • MARY JANE MARCHUT (TREASURER): $1,844 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

YOUTH SYMPHONY ORCHESTRA The Westchester-Putnam Youth Symphony, Inc. is a not-for-profit youth symphony orchestra formed to provide young musicians with a place to meet to perform quality music while socializing with their peers.

What it reported doing in 2018

THE WESTCHESTER-PUTNAM YOUTH SYMPHONY ORCHESTRA PROVIDES 85 YOUNG MUSICIANS WITH A PLACE TO MEET, SOCIALIZE AND PERFORM QUALITY MUSIC WITH THEIR PEERS. THE ORCHESTRA PERFORMS TWO FORMAL CONCERTS PER YEAR, AS WELL AS SEVERAL CONCERTS FOR THE PUBLIC BENEFIT. The orchestra travels to international locations every four years and participates in international youth festivals.

Operating model

Revenue model
Membership-supported. 83% of the money available for current operations came from membership dues.
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

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 100
  • Accountability: 28
  • Sustainability: 35
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 31.6%; rating input score 32
  • Program expense ratio: 36.2%; rating input score 36
  • Fundraising efficiency: $5.21 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 20%; rating input score 20; 17th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12.7%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 11.5%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -9.4% per year; rating input score 0; 34th percentile among comparable filings
  • Revenue growth: -9% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: -20.1% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 31.6% of revenue deployed · 36.2% of spending went to programs
  • Governance: 1 of 5 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6K in reported program spending
  • Leadership: top reported pay $2K · 5 people listed
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2010 to 2018
  • 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: Mission deployment rate scored 32/100.
  • High — Accountability: Independent voting board scored 20/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 36/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.