CHAMBER MUSIC AMERICA 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

1977

Legal Domicile

Principal Officer

KEVIN KWAN LOUCKS

Phone

2122422022

Tax Period

2023-07-01 to 2024-06-30

CHAMBER MUSIC AMERICA INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 119% operating deficit.

Mission

CHAMBER MUSIC AMERICA'S MISSION IS TO DEVELOP, SUPPORT, AND STRENGTHEN THE CHAMBER MUSIC COMMUNITY. CMA SERVES AS THE HUB OF THIS FIELD, COMPRISED OF INDIVIDUAL ARTISTS, INDEPENDENT MUSICAL ENSEMBLES, VOLUNTEER AND INSTITUTIONAL PRESENTERS, AND OTHERS INVOLVED IN THE PERFORMANCE AND PRESENTATION OF SMALL ENSEMBLE MUSIC.

Program Service Accomplishments

Program 1

Expenses: $1,944,964

GRANT PROGRAMSSIX CMA GRANT PROGRAMS, IN WHICH FUNDING IS GIVEN TO ENSEMBLES AND CONCERT PRESENTERS, AWARDED 74 GRANTS IN THE FOLLOWING AREAS:1) CLASSICAL COMMISSIONING: 3 GRANTS WERE AWARDED FOR THE CREATION OFNEW CHAMBER WORKS IN THE CLASSICAL TRADITION;2) NEW JAZZ WORKS: 14 GRANTS WERE AWARDED FOR THE CREATION, PERFORMANCE, AND RECORDING OF NEW WORKS FOR SMALL ENSEMBLES IN THE JAZZ IDIOM;3) PRESENTER CONSORTIUM FOR JAZZ: 15 GRANTS WERE AWARDED TO FIVEPRESENTER CONSORTIUMS TO SUPPORT MULTIPLE PERFORMANCES BY JAZZ ENSEMBLES;4) ARTISTIC PROJECTS: 14 GRANTS WERE AWARDED TO GRANT OPPORTUNITIES FOR SMALL ENSEMBLES AND PRESENTERS BASED IN THE FIVE BOROUGHS OF NEW YORK CITY WITH OPERATING BUDGETS UNDER $250,000;5) PERFORMANCE PLUS: 13 GRANTS WERE AWARDED TO FEMALE-LED JAZZ ENSEMBLES TO WORK WITH ARTIST-EDUCATORS AND PRODUCE DEMO RECORDINGS TO EXPAND THEIR CAREER OPPORTUNITIES;6) ENSEMBLE FORWARD: 9 GRANTS WERE AWARDED TO YOUNG CLASSICAL ENSEMBLES BASED IN THE FIVE BOROUGHS OF NEW YORK CITY TO WORK WITH ESTABLISHED CHAMBER MUSIC COACHES TO DEVELOP THEIR DISTINCTIVE AND COHESIVE ENSEMBLE SOUND AS THEY BUILD THEIR CAREERS.

Program 2

Expenses: $295,478 Revenue: $174,147

CHAMBER MUSIC MAGAZINETO HIGHLIGHT THE WORK OF CHAMBER ENSEMBLES AND PRESENTERS THROUGHOUT THE COUNTRY, AND TO KEEP THE FIELD INFORMED OF NEWS WITHIN AND BEYOND THE CHAMBER MUSIC COMMUNITY, CMA...

CHAMBER MUSIC MAGAZINETO HIGHLIGHT THE WORK OF CHAMBER ENSEMBLES AND PRESENTERS THROUGHOUT THE COUNTRY, AND TO KEEP THE FIELD INFORMED OF NEWS WITHIN AND BEYOND THE CHAMBER MUSIC COMMUNITY, CMA PUBLISHES "CHAMBER MUSIC" MAGAZINE QUARTERLY. RECEIVING THE MAGAZINE IS A BENEFIT OF MEMBERSHIP IN CMA.

Program 3

Expenses: $435,659 Revenue: $128,263

NATIONAL CONFERENCECMA PRODUCES AN ANNUAL CONFERENCE EACH JANUARY THAT BRINGS THE MEMBERSOF THE FIELD TOGETHER FOR A WEEKEND OF LEARNING, SHARING BESTPRACTICES, SHOWCASE PERFORMANCES, AND CONCERTS.

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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 $807,210

Program Service Revenue $473,873

Investment Income $471,248

Other Revenue $0

TOTAL REVENUE $1,752,331

Expense Breakdown

Grants Paid $1,310,780

Salaries & Benefits $1,087,931

Fundraising Expenses $245,027

Program Expenses $2,968,724

Other Expenses $1,430,490

TOTAL EXPENSES $3,829,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,752,331	$1,430,856	+0.2%
Expenses	$3,829,201	$3,742,142	+0.0%
Net Income	$-2,076,870	$-2,311,286	-0.1%

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

$201,864

Total Directors