Bowdoin International Music Festiv… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

Daniel Nitsch

Phone

2073731400

Tax Period

2023-11-01 to 2024-10-31

Bowdoin International Music Festival, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 63% operating margin.

Mission

The mission of the Bowdoin International Music Festival is to provide gifted young musicians from around the world with an opportunity to study with world-class artists, and to provide audiences with classical music performed to the highest artistic standards.

Program Service Accomplishments

Program 1

Expenses: $2,564,713 Revenue: $1,941,575

Founded in 1964, the Bowdoin International Music Festival hosts seven concert series as part of an intensive summer study program that helps provide gifted young musicians from around the world with an opportunity to study with world-class artists and provide audiences with classical music performed to the highest artistic standards. The Festival takes place for six weeks each summer on the Bowdoin College campus and throughout the Brunswick, Maine area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,090,696

Program Service Revenue $1,941,575

Investment Income $824,679

Other Revenue $20,666

TOTAL REVENUE $7,877,616

Expense Breakdown

Grants Paid $594,818

Salaries & Benefits $1,197,282

Fundraising Expenses $193,829

Program Expenses $2,564,713

Other Expenses $1,157,759

TOTAL EXPENSES $2,949,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,877,616	$3,129,719	+1.5%
Expenses	$2,949,859	$2,679,558	+0.1%
Net Income	$4,927,757	$450,161	+9.9%

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

$271,743

Total Directors

$128,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Ying	Co-Artistic Director	40.00	Officer Director	$65,170	$0	$65,170
Phillip Ying	Co-Artistic Director	40.00	Officer Director	$63,820	$0	$63,820
Peter Bachrach	Director	1.00	Director	$0	$0	$0
Robert Briselli	Director (end 7/2024)	1.00	Director	$0	$0	$0
Patricia Brown	Director (end 5/2024)	1.00	Director	$0	$0	$0
Rol Fessenden	Director (end 7/2024)	1.00	Director	$0	$0	$0
Dr Bernard Givertz	Director	1.00	Director	$0	$0	$0
Peter Griffin	Director	1.00	Director	$0	$0	$0
Ian Hartsough	Director (end 1/2024)	1.00	Director	$0	$0	$0
Samuel Hayward	Director	1.00	Director	$0	$0	$0
Christine Collins Judd	Director	1.00	Director	$0	$0	$0
Kent Mitchell	Director	1.00	Director	$0	$0	$0
James T Morgan	Director	1.00	Director	$0	$0	$0
Barbara Norton	Director	1.00	Director	$0	$0	$0
Dr Hugh Phelps	Director (end 7/2024)	1.00	Director	$0	$0	$0
Elliot Rosen	Director	1.00	Director	$0	$0	$0
Richard Scerbo	Director	1.00	Director	$0	$0	$0
Deborah Schall	Director	1.00	Director	$0	$0	$0
Ken Segal	Director	1.00	Director	$0	$0	$0
Claudia Spies	Director	1.00	Director	$0	$0	$0
Susanne Stover	Director	1.00	Director	$0	$0	$0
Dominique van de Stadt	Director	1.00	Director	$0	$0	$0
Dena Verrill	Director	1.00	Director	$0	$0	$0
Susan Weems	Director	1.00	Director	$0	$0	$0
Lorna Brown Flynn	Chair	1.00	Officer Director	$0	$0	$0
Susan Chadima	Vice Chair	1.00	Officer Director	$0	$0	$0
Charles Johnson	Treasurer	1.00	Officer Director	$0	$0	$0
Douglas Collins	Secretary	1.00	Officer Director	$0	$0	$0
Daniel Nitsch	Executive Director	40.00	Officer	$112,983	$29,770	$142,753

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	$7,877,616	$2,949,859	$11,046,753	$4,927,757
2023	$3,129,719	$2,679,558	$5,522,268	$450,161
2022	$2,363,131	$1,965,414	$5,804,494	$397,717
2021	$2,327,554	$1,654,508	$5,739,823	$673,046
2020	$875,017	$610,902	$4,398,499	$264,115
2019	$2,364,178	$1,754,362	$4,280,330	$609,816
2018	$1,896,061	$1,727,983	$3,848,244	$168,078

Bowdoin International Music Festival