BAY CHAMBER CONCERTS INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

JOSIE DAVIS

Phone

2072362823

Tax Period

2024-07-01 to 2025-06-30

BAY CHAMBER CONCERTS INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $1.2M, a strong 45% operating margin.

Mission

BAY CHAMBER CONCERTS, INC. IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO TRANSFORM LIVES THROUGH HIGH-QUALITY PROGRAMS, MUSIC EDUCATION AND COMMUNITY OUTREACH. THIS MISSION IS ACHIEVED BY 1. CONTINUING ITS 50-YEAR TRADITION OF PRESENTING CHAMBER MUSIC IN THE STATE OF MAINE 2. INTRODUCING AUDIENCES TO EXCELLENCE IN THE PERFORMING ARTS BY DELIVERING A DIVERSITY OF EVENTS AT A VARIETY OF VENUES 3. OFFERING VARIED AND PARTICIPATORY MUSIC EDUCATION FOR ALL AGES AND ABILITIES REGARDLESS OF FINANCIAL NEED THROUGH ITS COMMUNITY MUSIC SCHOOL 4. EXPANDING OUTREACH PROGRAMS AND COLLABORATING WITH OTHER ORGANIZATIONS 5. PROVIDING A SOUND ORGANIZATIONAL STRUCTURE, PRUDENT FINANCIAL MANAGEMENT, AND AN ENDOWMENT SUFFICIENT TO ACCOMPLISH ITS GOALS.

Program Service Accomplishments

Program 1

Expenses: $457,028 Revenue: $157,428

SUMMER AND WINTER SERIES CHAMBER MUSIC CONCERTS AT HAMMER HALL, CAMDEN, ME AND OTHER VENUES IN SURROUNDING COMMUNITIES.

Program 2

Expenses: $713,079 Revenue: $400,093

EDUCATIONAL PROGRAMS FOR YOUTH AND ADULTS, INCLUDING PRIVATE INSTRUCTION, DESIGNED TO INSTILL AN APPRECIATION OF MUSIC IN BOTH ARTISTS AND THE PUBLIC AND PRESENTATION OF AWARDS AND PRIZES TO...

EDUCATIONAL PROGRAMS FOR YOUTH AND ADULTS, INCLUDING PRIVATE INSTRUCTION, DESIGNED TO INSTILL AN APPRECIATION OF MUSIC IN BOTH ARTISTS AND THE PUBLIC AND PRESENTATION OF AWARDS AND PRIZES TO QUALIFIED STUDENT MUSICIANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,868,383

Program Service Revenue $557,521

Investment Income $150,516

Other Revenue $2,091

TOTAL REVENUE $2,578,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,076

Fundraising Expenses $113,509

Program Expenses $1,170,107

Other Expenses $753,579

TOTAL EXPENSES $1,422,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,578,511	$3,060,558	-0.2%
Expenses	$1,422,655	$1,368,991	+0.0%
Net Income	$1,155,856	$1,691,567	-0.3%

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

$89,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSIE DAVIS	EXECUTIVE DI	40.00	Officer	$89,617	$0	$89,617
BRIAN BARDSLEY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BLACK	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BLEAKLEY	TRUSTEE	1.00	Director	$0	$0	$0
BILL BUCHHOLZ	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN EARLE	TRUSTEE	1.00	Director	$0	$0	$0
MYRON FELD	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN FLANAGAN	TRUSTEE	1.00	Director	$0	$0	$0
TANDRA HAMMER	TRUSTEE	1.00	Director	$0	$0	$0
BRETT HAYNIE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID KANTOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ABBY KIDDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAUL VELLEMAN	TRUSTEE	1.00	Director	$0	$0	$0
FRED WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN YOUNG	SECRETARY	1.00	Officer Director	$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
2025	$2,578,511	$1,422,655	$13,047,868	$1,155,856
2024	$3,060,558	$1,368,991	$11,774,228	$1,691,567
2023	$3,780,457	$1,204,760	$9,987,629	$2,575,697
2022	$4,168,088	$1,068,488	$7,306,432	$3,099,600
2021	$1,181,843	$756,191	$3,370,040	$425,652
2019	$1,151,847	$1,077,185	$2,674,881	$74,662
2018	$1,540,906	$1,012,706	$2,669,956	$528,200