ACCESSIBLE CONTEMPORARY MUSIC

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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

Camille Ellison

Phone

7733343650

Tax Period

2023-01-01 to 2023-12-31

ACCESSIBLE CONTEMPORARY MUSIC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $922K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $879K left a modest 5% surplus.

Mission

To promote the music of living composers through concerts, educational programs and by fostering new works by composers at all levels of development.

Program Service Accomplishments

Program 1

Expenses: $659,631 Revenue: $567,077

Teaches musical creativity alongside note reading to children and adults of all ages in four locations throughout Chicago in the Ravenswood, Rogers Park, Avondale, and the South Loop communities. We offer private lessons in piano, guitar, violin, cello, voice, woodwinds, and composition. Group classes for ensembles and summer camp for kids is also offered.

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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 $342,492

Program Service Revenue $567,077

Investment Income $41

Other Revenue $11,892

TOTAL REVENUE $921,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $468,288

Fundraising Expenses $40,386

Program Expenses $659,631

Other Expenses $410,505

TOTAL EXPENSES $878,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$921,502	$824,216	+0.1%
Expenses	$878,793	$847,310	+0.0%
Net Income	$42,709	$-23,094	-2.8%

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

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

$67,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Seth Boustead	Executive Dir.	40.00	Officer	$67,000	$0	$67,000
Camille Ellison	President	1.00	Officer Director	$0	$0	$0
Aubree Weiley	Treasurer	1.00	Officer Director	$0	$0	$0
Jessica Richardson	Secretary	1.00	Officer Director	$0	$0	$0
Dominic Johnson	Director	1.00	Director	$0	$0	$0
George Thiruvathukal	Director	1.00	Director	$0	$0	$0
Luis Chiang Cerro	Director	1.00	Director	$0	$0	$0
Susan Doig	Director	1.00	Director	$0	$0	$0
Sarah Ritch	Director	1.00	Director	$0	$0	$0
Jesse McQuarters	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	No data	No data	No data	No data
2023	$921,502	$878,793	$566,720	$42,709
2022	$824,216	$847,310	$356,954	$-23,094
2021	$895,582	$828,402	$312,653	$67,180
2020	$747,759	$603,124	$358,965	$144,635
2019	$717,383	$649,336	$101,246	$68,047
2018	$580,315	$579,356	$36,947	$959