PORTLAND CHAMBER MUSIC FESTIVAL (EIN 010484781) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

PORTLAND CHAMBER MUSIC FESTIVAL is a 501(c)(3) with EIN 010484781, based in PORTLAND, ME. Founded in 1993, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $228,015 in total revenue and $224,068 in total expenses, with net assets of $150,527.

Mission

CONNECT, INSPIRE, AND CELEBRATE COMMUNITY THROUGH THE UNIQUELY INTIMATE POWER OF CHAMBER MUSIC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $176,570

Program Service Revenue $43,231

Investment Income $3,648

Other Revenue $4,566

TOTAL REVENUE $228,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,747

Fundraising Expenses $9,786

Program Expenses $109,535

Other Expenses $119,321

TOTAL EXPENSES $224,068

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,015	$226,165	+0.0%
Expenses	$224,068	$257,115	-0.1%
Net Income	$3,947	$-30,950	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$40,404

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE KORNHAUSER	EXECUTIVE DIRECTOR	20.00	Key Emp	$40,404	$0	$40,404
CHASE WHELAN	TRUSTEE	1.00	Director	$0	$0	$0
GABRIEL LASALLE	TRUSTEE	1.00	Director	$0	$0	$0
ROSEMARY REED	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL FRANK	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL DUBE	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL STETTLER	TRUSTEE	1.00	Director	$0	$0	$0
WENDY LAIDLAW	TRUSTEE	1.00	Director	$0	$0	$0
JOHN THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
ZOE A SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
MALISA GATJE	TRUSTEE	1.00	Director	$0	$0	$0
DMITRY BAM	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GOLDMAN	SECRETARY	1.00	Officer	$0	$0	$0
LARRY RUBINSTEIN	PRESIDENT	1.00	Officer	$0	$0	$0
GREG MICHAUD	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MISTY DAMICO	TREASURER	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$228,015	$224,068	$151,545	$3,947
2022	$226,165	$257,115	$147,238	$-30,950
2019	$219,034	$172,948	$110,182	$46,086

PORTLAND CHAMBER MUSIC FESTIVAL