BANG ON A CAN

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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

1986

Legal Domicile

Principal Officer

KENNETH SAVELSON

Phone

7188527755

Tax Period

2023-09-01 to 2024-08-31

BANG ON A CAN, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

PRESENTING, COMMISSIONING, PERFORMING, RECORDING AND TEACHING CONTEMPORARY MUSIC. BANG ON A CAN BELIEVES IN EXPOSING EXCITING NEW MUSIC AS BROADLY AND ACCESSIBLY AS POSSIBLE. THROUGH IT'S SUMMER INSTITUTE, BANG ON A CAN HOPES TO BRING THIS ENERGY AND PASSION FOR INNOVATION TO A YOUNGER GENERATION OF COMPOSERS AND PLAYERS.

Program Service Accomplishments

Program 1

Expenses: $1,048,421 Revenue: $480,193

THE ORGANIZATION ENGAGES THE PUBLIC ON NEW MUSIC THROUGH LIVE PERFORMANCES, RECORDINGS & SPONSORSHIP OF NEW MUSIC AROUND THE WORLD.

Program 2

Expenses: $1,983,697

THROUGH A COMPETITIVE FEDERAL REQUEST FOR PROPOSALS, THE ORGANIZATION WAS AWARDED A GRANT IN SEPTEMBER 2011 TO ADMINISTER AN INTERNATIONAL CULTURAL EXCHANGE PROGRAM CALLED ONEBEAT. THE CONTRACT WAS AWARDED THROUGH THE UNITED STATES DEPARTMENT OF STATE BUREAU OF EDUCATION AND CULTURAL AFFAIRS. THE PROGRAM CALLS FOR THE CREATION OF TWO (2) ITERATIONS OF MONTH LONG RESIDENCY AND TOUR OF THE UNITED STATES FOR MORE THAN A DOZEN WORLD CLASS MUSICIANS FROM NATIONS SUCH AS CHINA, PAKISTAN, CONGO, POLAND, VENEZUELA, HAITI AND OTHERS. THE PROGRAM BEGAN DURING FISCAL YEAR 2012 AND HAS BEEN EXTENDED THROUGH FISCAL YEAR 2028.

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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 $2,794,225

Program Service Revenue $480,193

Investment Income $22,115

Other Revenue $0

TOTAL REVENUE $3,296,533

Expense Breakdown

Grants Paid $1,447,728

Salaries & Benefits $685,812

Fundraising Expenses $114,005

Program Expenses $3,032,118

Other Expenses $1,204,239

TOTAL EXPENSES $3,337,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,296,533	$3,572,707	-0.1%
Expenses	$3,337,779	$3,811,351	-0.1%
Net Income	$-41,246	$-238,644	-0.8%

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

$130,211

Total Directors

$61,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH SAVELSON	EXECUTIVE DI	40.00	Officer	$130,211	$0	$130,211
MICHAEL GORDON	MEMBER/ARTIS	N/A	Director	$32,769	$0	$32,769
DAVID LANG	MEMBER/ARTIS	N/A	Director	$28,398	$0	$28,398
BETTO ARCOS	MEMBER	N/A	Director	$0	$0	$0
DAN BALDINI	MEMBER	N/A	Director	$0	$0	$0
JEFFREY BISHOP	MEMBER	N/A	Director	$0	$0	$0
LYNETTE JAFFE	MEMBER	N/A	Director	$0	$0	$0
ALAN KIFFERSTEIN	TREASURER	N/A	Director	$0	$0	$0
MICHAEL KUSHNER	PRESIDENT	N/A	Director	$0	$0	$0
LESLIE LASSITER	MEMBER	N/A	Director	$0	$0	$0
GEORGE LEWIS	MEMBER	N/A	Director	$0	$0	$0
RAULEE MARCUS	MEMBER	N/A	Director	$0	$0	$0
ELIZABETH MURRELL	MEMBER	N/A	Director	$0	$0	$0
ROBERT A SKIRNICK	SECRETARY	N/A	Director	$0	$0	$0
JANE STEWART	MEMBER	N/A	Director	$0	$0	$0
SANDRA TAIT	VICE PRESIDE	N/A	Director	$0	$0	$0
JULIA WOLFE	MEMBER/ARTIS	N/A	Director	$0	$0	$0
ADAM WOLFENSOHN	COCHAIR FINA	N/A	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	$3,296,533	$3,337,779	$1,107,964	$-41,246
2023	$3,572,707	$3,811,351	$1,215,981	$-238,644
2022	$3,334,270	$3,140,896	$1,435,543	$193,374
2021	$1,937,711	$1,957,405	$1,135,997	$-19,694
2020	$2,230,267	$1,750,848	$1,170,076	$479,419
2019	$2,125,653	$2,437,457	$702,451	$-311,804
2018	$2,387,154	$2,195,813	$1,130,267	$191,341