RED BANK CHAMBER MUSIC SOCIETY INC

EIN: 223660629 501(c)(3) Arts, Culture & Humanities

RED BANK, NJ

Total Revenue
$40,115
Total Expenses
$40,581
Total Assets
N/A
Net Assets
N/A
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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
1998
Legal Domicile
NJ
Principal Officer
CHRISTOPHER FOARD
Phone
7327473267
Tax Period
2020-07-01 to 2021-06-30

RED BANK CHAMBER MUSIC SOCIETY INC, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $40K in total revenue in fiscal year 2020. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

. PROVIDE HIGH LEVEL PROFESSIONAL CHAMBER MUSIC CONCERTS, AT NO COST TO AUDIENCE MEMBERS,TO ENCOURAGE PEOPLE OF ALL CIRCUMSTANCES TO DISCOVER AND ENJOY THIS

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $40,055
Program Service Revenue $0
Investment Income $60
Other Revenue $0
TOTAL REVENUE $40,115

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,293
Program Expenses $38,804
Other Expenses $40,581
TOTAL EXPENSES $40,581

Year-over-Year Comparison

2020 2019 Change
Revenue $40,115 $62,806 -0.4%
Expenses $40,581 $37,066 +0.1%
Net Income $-466 $25,740 -1.0%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
16

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER FOARD PRESIDENT 2.00
Officer
$0 $0 $0
BLAKE WATTENBARGER VICE PRESIDENT 2.00
Officer
$0 $0 $0
ANDRE BONDI TREASURER 2.00
Officer
$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
2021 $40,115 $40,581 No data $-466
2020 $62,806 $37,066 $139,673 $25,740
2019 $41,422 $52,131 $114,082 $-10,709
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