MUSART SOCIETY

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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

1956

Legal Domicile

Principal Officer

CHRISTIAN HOLTKAMP

Tax Period

2023-01-01 to 2023-12-31

MUSART SOCIETY, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $121K in total revenue in fiscal year 2023. Revenue surged 244% from the prior year, signaling strong growth momentum. Expenses of $152K exceeded revenue, resulting in a 25% operating deficit.

Mission

SUPPORT MUSICAL PERFORMANCES OF THE CLEVELAND MUSEUM OF ART

Program Service Accomplishments

Program 1

Expenses: $147,569

RECITAL EXPENSE PROVIDING FREE MUSIC AND EDUCATION TO THE PUBLIC. ATTENDED BY THOUSANDS OF PEOPLE EACH YEAR

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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 $200

Program Service Revenue $0

Investment Income $120,924

Other Revenue $0

TOTAL REVENUE $121,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,569

Other Expenses $151,779

TOTAL EXPENSES $151,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,124	$35,249	+2.4%
Expenses	$151,779	$104,500	+0.5%
Net Income	$-30,655	$-69,251	-0.6%

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
CHRISTIAN HOLTKAMP	PRESIDENT	4.00	Officer Director	$0	$0	$0
LUTE QUINTRELL	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES DICKINSON	SECRETARY	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$121,124	$151,779	$3,756,945	$-30,655
2022	$35,249	$104,500	$3,453,949	$-69,251
2021	$1,657,465	$147,272	$4,279,945	$1,510,193
2020	$501,868	$143,922	$3,770,378	$357,946
2019	$707,277	$145,055	$3,412,432	$562,222
2018	$-127,197	$148,847	$2,850,210	$-276,044