GREAT LAKES CHAMBER MUSIC FESTIVAL (EIN 201106153) - 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

2004

Legal Domicile

Principal Officer

MAURY OKUN

Phone

2485592907

Tax Period

2023-08-01 to 2024-07-31

GREAT LAKES CHAMBER MUSIC FESTIVAL, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $583K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

THE MISSION OF THER GREAT LAKES CHAMBER MUSIC FESTIVAL IS TO BE AN ONGOING PROGRAM OF INTERNATIONAL STATURE WHICH BRINGS TOGETHER PEOPLE OF DIVERSITY TO CELEBRATE AND FOSTER THE SPECIAL INTIMATE MUSICAL CONVERSATION THAT IS CENTRAL TO GREAT CHAMBER 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 (2023)

Revenue Breakdown

Contributions & Grants $441,063

Program Service Revenue $80,425

Investment Income $15,092

Other Revenue $46,493

TOTAL REVENUE $583,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $107,373

Program Expenses $452,095

Other Expenses $599,588

TOTAL EXPENSES $599,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$583,073	$694,245	-0.2%
Expenses	$599,588	$615,014	0.0%
Net Income	$-16,515	$79,231	-1.2%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURY OKUN	PRESIDENT	20.00	Officer	$0	$0	$0
IRA MONDRY	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL GEHEB	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MARGUERITE MUNSON LENTZ	CO-CHAIR	1.00	Officer Director	$0	$0	$0
VIRGINIA GEHEB	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JANELLE MCCAMMON	CO-CHAIR	1.00	Officer Director	$0	$0	$0
RAYMOND ROSENFELD	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY TOCCO	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN BLOCK	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BRADDOCK	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK MORSCHES	DIRECTOR	1.00	Director	$0	$0	$0
CATHLEEN CORKEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT D HEUER	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH MILLER	DIRECTOR	1.00	Director	$0	$0	$0
GAIL MONDRY	TREASURER	1.00	Director	$0	$0	$0
BRIDGET MORIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MORIN	DIRECTOR	1.00	Director	$0	$0	$0
KAREEM GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
SANDI REITELMAN	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE REITELMAN	DIRECTOR	1.00	Director	$0	$0	$0
RANDOLPH SCHEIN	DIRECTOR	1.00	Director	$0	$0	$0
FRANZISKA SCHOENFELD	DIRECTOR	1.00	Director	$0	$0	$0
JILL STONE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN STONE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TURALA	DIRECTOR	1.00	Director	$0	$0	$0
GWEN WEINER	DIRECTOR	1.00	Director	$0	$0	$0
EVAN WEINER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN SMITH	DIRECTOR	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
2024	$583,073	$599,588	$833,472	$-16,515
2023	$694,245	$615,014	$798,255	$79,231
2022	$601,546	$469,063	$687,195	$132,483
2021	$495,836	$400,727	$592,752	$95,109
2020	$362,035	$326,062	$462,782	$35,973
2019	$579,661	$594,101	$419,312	$-14,440
2018	$544,187	$525,434	$437,788	$18,753

GREAT LAKES CHAMBER MUSIC FESTIVAL