FRIENDS OF CHAMBER MUSIC (EIN 237124366) - 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

2003

Legal Domicile

Principal Officer

PAT ZAGELOW

Phone

5032249842

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF CHAMBER MUSIC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $408K, a strong 31% operating margin.

Mission

TO PRESENT A BROAD RANGE OF THE HIGHEST QUALITY CHAMBER MUSIC ENSEMBLES AND ARTISTS, AND PROVIDE EDUCATIONAL OUTREACH TO FURTHER CHAMBER MUSIC IN OUR COMMUNITY. WE WELCOME EVERYONE AND HONOR OUR COMMITMENT TO DIVERSITY AND INCLUSION IN ALL ASPECTS OF THIS ENDEAVOR.

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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 $846,725

Program Service Revenue $366,801

Investment Income $92,223

Other Revenue $23,756

TOTAL REVENUE $1,329,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,061

Fundraising Expenses $111,797

Program Expenses $764,186

Other Expenses $559,555

TOTAL EXPENSES $921,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,329,505	$932,314	+0.4%
Expenses	$921,616	$810,423	+0.1%
Net Income	$407,889	$121,891	+2.3%

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

$149,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN LOEWEN	BOARD PRESIDENT	15.00	Officer Director	$0	$0	$0
JOHN STREGE	BOARD VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
DAN MUELLER	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
LAURA JAQUITH BARTLETT	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
GALEN COHEN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
WINN HALL	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ULRICH H HARDT	BOARD DIRECTOR	2.00	Director	$0	$0	$0
ROSANNE KELLER	BOARD DIRECTOR	2.00	Director	$0	$0	$0
GREG LANWEBER	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JOHN LA VEILLE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CARY LEWIS	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CAROL LINNE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
GEORGE OH	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DALE ROBARDS	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JULIE LOU TRIPP	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DENISE VANLEUVEN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JAYDE WEIDE	BOARD DIRECTOR	2.00	Director	$0	$0	$0
PAT ZAGELOW	EXECUTIVE DIRECTOR	40.00	Officer	$129,600	$19,440	$149,040

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	$1,329,505	$921,616	$7,575,250	$407,889
2024	No data	No data	No data	No data
2023	$1,415,769	$803,551	$5,673,783	$612,218
2022	$3,626,608	$723,245	$4,744,149	$2,903,363
2021	$605,850	$348,804	$1,988,258	$257,046
2020	$832,306	$656,688	$1,368,804	$175,618

FRIENDS OF CHAMBER MUSIC