WORCESTER CHAMBER MUSIC SOCIETY 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

2010

Legal Domicile

Principal Officer

ARIANA FALK

Phone

5089268624

Tax Period

2024-09-01 to 2025-08-31

WORCESTER CHAMBER MUSIC SOCIETY INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $451K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $712K exceeded revenue, resulting in a 58% operating deficit.

Mission

CULTIVATING AN APPRECIATION FOR CLASSICAL MUSIC AND BUILDING A VIBRANT, INCLUSIVE, AND DIVERSE COMMUNITY THROUGH INSPIRING CONCERTS AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $548,512 Revenue: $106,578

EDUCATION, PROGRAMMING, 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 (2024)

Revenue Breakdown

Contributions & Grants $323,898

Program Service Revenue $106,578

Investment Income $19,941

Other Revenue $85

TOTAL REVENUE $450,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $536,175

Fundraising Expenses $3,930

Program Expenses $548,512

Other Expenses $176,125

TOTAL EXPENSES $712,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,502	$1,560,034	-0.7%
Expenses	$712,300	$675,208	+0.1%
Net Income	$-261,798	$884,826	-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

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

$169,919

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN MORE	BOARD MEMBER	3.00	Director	$0	$0	$0
JEFFREY PASTER	PRESIDENT	3.00	Officer Director	$0	$0	$0
KELSEY MILLER	TREASURER	3.00	Officer Director	$0	$0	$0
DEBORAH FEINGOLD	BOARD MEMBER	3.00	Director	$0	$0	$0
KAREN GREEN	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHEN HEARD	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
PETER MARTIN	BOARD MEMBER	3.00	Director	$0	$0	$0
GBETON SOMASSEE	CLERK	3.00	Officer Director	$0	$0	$0
DICKENS PIERRE-LOUIS	BOARD MEMBER	3.00	Director	$0	$0	$0
URSULA ANWER	BOARD MEMBER	3.00	Director	$0	$0	$0
JOAN FORBES	BOARD MEMBER	3.00	Director	$0	$0	$0
TONI MELTZER	BOARD MEMBER	3.00	Director	$0	$0	$0
DEBRA PAPPA	BOARD MEMBER	3.00	Director	$0	$0	$0
ESTHER-FAITH TENDO	BOARD MEMBER	3.00	Director	$0	$0	$0
JOEL WESSON	BOARD MEMBER	3.00	Director	$0	$0	$0
MARGARET WONG	BOARD MEMBER	3.00	Director	$0	$0	$0
TRACY KRAUS	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$77,877	$0	$77,877
ARIANA FALK	EXECUTIVE DIRECTOR	40.00	Officer	$92,042	$0	$92,042

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	$450,502	$712,300	$1,329,586	$-261,798
2024	$1,560,034	$675,208	$1,574,706	$884,826
2023	$594,355	$517,249	$660,128	$77,106
2022	$549,582	$439,681	$489,050	$109,901
2021	$365,484	$323,802	$436,459	$41,682
2020	$383,407	$351,678	$307,329	$31,729
2019	$379,231	$395,213	$254,597	$-15,982