CHAMBER MUSIC AMERICA INC

EIN: 132934575 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,430,856
Total Expenses
$3,742,142
Total Assets
$14,273,614
Net Assets
$12,280,809
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
Principal Officer
KEVIN KWAN LOUCKS
Phone
2122422022
Tax Period
2022-07-01 to 2023-06-30

CHAMBER MUSIC AMERICA INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 162% operating deficit.

Mission

TO DEVELOP, SUPPORT, AND STRENGTHEN THE CHAMBER MUSIC FIELD.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $626,663
Program Service Revenue $404,746
Investment Income $399,447
Other Revenue $0
TOTAL REVENUE $1,430,856

Expense Breakdown

Grants Paid $1,444,988
Salaries & Benefits $1,106,257
Fundraising Expenses $191,428
Program Expenses $2,908,740
Other Expenses $1,190,897
TOTAL EXPENSES $3,742,142

Year-over-Year Comparison

2022 2021 Change
Revenue $1,430,856 $5,588,017 -0.7%
Expenses $3,742,142 $3,312,619 +0.1%
Net Income $-2,311,286 $2,275,398 -2.0%
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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Governance

Voting Members
29
Independent Members
28
Employees
15
Volunteers
28

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
7
$199,703
Total Directors
29
$199,703
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIMI HWANG CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER GRIM PRESIDENT 1.00
Officer Director
$0 $0 $0
OLIVER RAGSDALE JR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRYAN YOUNG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN ZION SECRETARY 1.00
Officer Director
$0 $0 $0
LECOLION WASHINGTON TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN KWAN LOUCKS CEO 50.00
Officer Director
$172,167 $27,536 $199,703
DAWN BERRY-WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN BIERBUSSE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNY BILFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
ETIENNE CHARLES BOARD MEMBER 1.00
Director
$0 $0 $0
NOAH DEGARMO BOARD MEMBER 1.00
Director
$0 $0 $0
AARON DWORKIN BOARD MEMBER 1.00
Director
$0 $0 $0
JANET GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
NATALIE HAAS BOARD MEMBER 1.00
Director
$0 $0 $0
JULIAN HERNANDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
CALVIN LEE BOARD MEMBER 1.00
Director
$0 $0 $0
ADRIANA LINARES BOARD MEMBER 1.00
Director
$0 $0 $0
KARIM NAGI BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIE OH BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES E ROCCO BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL SEEFF BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY SHARP BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER SHIH BOARD MEMBER 1.00
Director
$0 $0 $0
HELEN SUNG BOARD MEMBER 1.00
Director
$0 $0 $0
SAMUEL TORRES BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
PAT ZAGELOW BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY ZEIGLER BOARD MEMBER 1.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,430,856 $3,742,142 $14,273,614 $-2,311,286
2023 $1,363,897 $3,821,815 $14,226,240 $-2,457,918
2022 $5,588,017 $3,312,619 $16,252,667 $2,275,398
2022 $5,588,017 $3,312,619 $16,252,667 $2,275,398
2021 $2,142,865 $2,987,778 $16,150,838 $-844,913
2020 $2,998,318 $3,023,897 $15,115,138 $-25,579
2019 $4,608,775 $2,644,368 $14,671,057 $1,964,407
2018 $2,238,983 $2,495,337 $12,461,181 $-256,354
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