CHENANGO COUNTY BLUES ASSOCIATION (EIN 161467490) - 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

1994

Legal Domicile

Principal Officer

RACHEL FLANAGAN

Phone

6073345653

Tax Period

2024-01-01 to 2024-12-31

CHENANGO COUNTY BLUES ASSOCIATION, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $302K in total revenue in fiscal year 2024.

Mission

To present musical events in Chenango County. The focus is on Blues, Jazz, Bluegrass and other uniquely American music forms. The major event is a large summer music festival with other smaller performances as funds and audiences permit. The purpose of all activities is to foster an understanding and appreciation of a variety of musical forms with an emphasis on American music.

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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 $187,075

Program Service Revenue $114,253

Investment Income $172

Other Revenue $0

TOTAL REVENUE $301,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $284,878

Other Expenses $313,362

TOTAL EXPENSES $313,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,500	$297,715	+0.0%
Expenses	$313,362	$257,827	+0.2%
Net Income	$-11,862	$39,888	-1.3%

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

N/A

Volunteers

150

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC LARSEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVEN PALMATIER	Vice President	2.00	Officer Director	$0	$0	$0
PAT DIETRICH	Secretary	2.00	Officer Director	$0	$0	$0
LINDA PALMATIER	Director	2.00	Director	$0	$0	$0
DAN HEUER	Director	2.00	Director	$0	$0	$0
PAM LARSEN	Director	2.00	Director	$0	$0	$0
ANDREW OLIVER	Director	2.00	Director	$0	$0	$0
EILEEN ANDREWS	Director	2.00	Director	$0	$0	$0
MARK NORFOLK	Director	2.00	Director	$0	$0	$0
LINDSEY MILES	Director	2.00	Director	$0	$0	$0
RACHEL FLANAGAN	Treasurer	2.00	Officer 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
2024	$301,500	$313,362	$188,032	$-11,862
2023	$297,715	$257,827	$198,906	$39,888
2022	$278,237	$236,450	$154,599	$41,787
2018	$200,460	$195,948	$77,518	$4,512

CHENANGO COUNTY BLUES ASSOCIATION