BARGEMUSIC LTD (EIN 112451587) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

Mark Peskanov

Phone

7186244924

Tax Period

2024-09-01 to 2025-08-31

BARGEMUSIC LTD, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $740K in total revenue in fiscal year 2024. Expenses of $928K exceeded revenue, resulting in a 25% operating deficit.

Mission

FOR 45 YEARS BARGEMUSIC CONTINUES TO BE DEDICTED TO ENHANCING THE CULTURAL LIFE OF NEW YORK CITY BY PRESENTING CONCERTS GIVING PERFORMANCE OPPORTUNITIES TO A DIVERSE GROUP OF MUSICIANS AND SERVING THE COMMUNITY BY PROVIDING MANY ADMISSIONS FREE CONCERTS MAKING THE ENTIRE CANON OF CLASSICAL CHAMBER MUSIC ACCESSIBLE TO EVERYONE IN A UNIQUE FLOATING CONCERT HALL.

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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 $712,782

Program Service Revenue $27,397

Investment Income $106

Other Revenue $0

TOTAL REVENUE $740,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $405,694

Fundraising Expenses $0

Program Expenses $897,885

Other Expenses $522,580

TOTAL EXPENSES $928,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$740,285	$706,059	+0.0%
Expenses	$928,274	$757,152	+0.2%
Net Income	$-187,989	$-51,093	+2.7%

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

N/A

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

$246,115

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PESKANOV	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR GEZA VON HABSBURG	SECRETARY	2.00	Officer Director	$0	$0	$0
RITA SLOAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BOTTOMS	TREASURER	2.00	Officer Director	$0	$0	$0
DEBORGE PINNINGTON	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH COYNE	DIRECTOR	2.00	Director	$0	$0	$0
MARK PESKANOV	EXECUTIVE/ARTISTIC DIRECTO	70.00	Key Emp	$246,115	$0	$246,115

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	$740,285	$928,274	$578,748	$-187,989
2024	$706,059	$757,152	$794,537	$-51,093
2023	$623,317	$733,480	$862,866	$-110,163
2022	$620,885	$719,130	$895,143	$-98,245
2021	$642,612	$787,068	$1,003,010	$-144,456
2020	$598,116	$754,587	$1,177,423	$-156,471

BARGEMUSIC LTD