Youth Symphony of Denton

Nonprofit profile at a glance

EIN
852337079
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Denton, TX, USA
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Symphony Orchestras

Reported finances

Revenue
$78,684
Expenses
$75,441
Assets
$26,959

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Damia Louise Cleaver (Executive Director)

People named in this filing

  • Damia Louise Cleaver (Executive Director)
  • Hyunseok Hank Chang (Music Director)
  • Robert Amberson (Conductor)

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 Youth Symphony of Denton provides an exceptional musical education experience for students in and around Denton county. We offer different orchestras to meet the needs of students at various levels of ability.

What it reported doing in 2024

During the reporting period the Philharmonic Orchestra involved 35 students in weekly rehearsals presenting their talents in 5 concerts. Additionally 3 students were promoted for their dedication and skill. In a related program 9 students participated in a smaller ensemble performing in 4 shows during the year.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91%; rating input score 91
  • Program expense ratio: 94.9%; rating input score 95

Transparency & Controls

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

Sustainability

  • Operating margin: 4.1%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 88.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 41st percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 49th percentile among comparable filings
  • Asset growth: 42.4% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 91% of revenue deployed · 94.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $72K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.