Youth Orchestras of Lubbock

Nonprofit profile at a glance

EIN
273569833
IRS 990-EZ coverage
2011–2021
Forms available
Form 990-EZ 2021
Location
Lubbock, TX, USA
Phone
8067621688
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Symphony Orchestras

Reported finances

Revenue
$79,095
Expenses
$124,793
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • PHILLIP SIZER (PRESIDENT)
  • ANNIE CHALEX BOYLE (VICE PRESIDENT)

People named in this filing

  • PHILLIP SIZER (PRESIDENT)
  • ANNIE CHALEX BOYLE (VICE PRESIDENT)
  • CHERISSE PORTILLO (TREASURER)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Youth orchestras of lubbock (yol) is organized for charitable and educational purposes. The educational purpose includes providing an exceptional music education experience to the members of the orchestras; providing artistic performances that enrich the lives of developing musicians, our community, and our region; and working cooperatively with public and private schools, and independent music teachers in a continuing effort to provide musical development for youth.

What it reported doing in 2021

In the spring of 2021, due to covid shutdowns, youth orchestras of lubbock held a shortened season that began in april instead of january. Rehearsals began on april 10th continuing weekly unitl the may 16th concert. The youth orchestras of lubbock carried on the regular rehearsal and performance schedule beginning august 21, 2021 with a workshop followed by weekly sunday rehearsals until the october 10th concert and spring rehearsals beginning sunday, january 9th ending with the spring concert on march 6th 2022.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 13
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -57.8%; rating input score 12; 12th 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: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 43rd percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $120K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 12/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.