WORCESTER CHAMBER MUSIC SOCIETY INC (EIN 208538873) - 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

2010

Legal Domicile

Principal Officer

TRACY KRAUS

Phone

5089268624

Tax Period

2023-09-01 to 2024-08-31

WORCESTER CHAMBER MUSIC SOCIETY INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $885K, a strong 57% operating margin.

Mission

ENRICHING THE COMMUNITY THROUGH PROFESSIONAL CONCERTS AND EDUCATIONAL PROGRAMS.

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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 $1,441,027

Program Service Revenue $91,366

Investment Income $17,895

Other Revenue $9,746

TOTAL REVENUE $1,560,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,944

Fundraising Expenses $11,882

Program Expenses $596,787

Other Expenses $199,264

TOTAL EXPENSES $675,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,560,034	$594,355	+1.6%
Expenses	$675,208	$517,249	+0.3%
Net Income	$884,826	$77,106	+10.5%

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

$60,519

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN MORE	PRESIDENT	3.00	Officer Director	$0	$0	$0
JEFFREY PASTER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
CHERI CARTY	TREASURER	3.00	Officer Director	$0	$0	$0
DEBORAH FEINGOLD	BOARD MEMBER	3.00	Director	$0	$0	$0
KENNETH BIBEAU	BOARD MEMBER	3.00	Director	$0	$0	$0
MARTHA GRACE	BOARD MEMBER	3.00	Director	$0	$0	$0
JAMES HOLDSTEIN	BOARD MEMBER	3.00	Director	$0	$0	$0
KAREN GREEN	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHEN HEARD	BOARD MEMBER	3.00	Director	$0	$0	$0
PETER MARTIN	BOARD MEMBER	3.00	Director	$0	$0	$0
GBETON SOMASSEE	CLERK	3.00	Officer Director	$0	$0	$0
ESTHER-FAITH TENDO	BOARD MEMBER	3.00	Director	$0	$0	$0
DICKENS PIERRE-LOUIS	BOARD MEMBER	3.00	Director	$0	$0	$0
TRACY KRAUS	EXECUTIVE DIRECTOR	40.00	Officer	$60,519	$0	$60,519

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	$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

WORCESTER CHAMBER MUSIC SOCIETY INC