FRIENDS OF CHAMBER MUSIC OF TROY NY INC

EIN: 237167094 501(c)(3)

Albany, NY

Total Revenue
$106,688
Total Expenses
$139,272
Total Assets
$2,200,090
Net Assets
$2,199,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NY
Principal Officer
Jacob Benninger
Phone
5189350988
Tax Period
2023-07-01 to 2024-06-30

FRIENDS OF CHAMBER MUSIC OF TROY NY INC, founded in 1957, is a small nonprofit that reported $107K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $139K exceeded revenue, resulting in a 31% operating deficit.

Mission

Present live chamber music performances to an adult and student audience.

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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 (2023)

Revenue Breakdown

Contributions & Grants $26,269
Program Service Revenue $12,034
Investment Income $68,385
Other Revenue $0
TOTAL REVENUE $106,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,935
Fundraising Expenses $0
Program Expenses $139,272
Other Expenses $119,337
TOTAL EXPENSES $139,272

Year-over-Year Comparison

2023 2022 Change
Revenue $106,688 $130,314 -0.2%
Expenses $139,272 $120,332 +0.2%
Net Income $-32,584 $9,982 -4.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
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
4
$0
Total Directors
9
$0
Key Employees
1
$18,042
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Kirsty Executive Director 40
Key Emp
$18,042 $0 $18,042
Etienne Abelin Board Member 1
Director
$0 $0 $0
Barbara Carlson Board member 1
Director
$0 $0 $0
Andrea Cunliffe Board Member 1
Director
$0 $0 $0
Beatrice Kovasznay Board Member 1
Director
$0 $0 $0
Asaad Saad Board Member 1
Director
$0 $0 $0
Sara Saplin Board member 1
Director
$0 $0 $0
Alana Picozzi Board Member 1
Director
$0 $0 $0
John Crable Board member 1
Director
$0 $0 $0
Jennifer Laursen Artistic Director 1
Director
$0 $0 $0
Shawna Mizer President 1
Officer
$0 $0 $0
Charlie Kruzansky Vice President 1
Officer
$0 $0 $0
Fred Hildebrand Secretary 1
Officer
$0 $0 $0
Jacob Benninger Treasurer 5
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 $106,688 $139,272 $2,200,090 $-32,584
2023 $130,314 $120,332 $1,857,952 $9,982
2022 $56,492 $94,107 $1,609,060 $-37,615
2021 $81,656 $62,184 $1,837,760 $19,472
2020 $70,749 $61,897 $1,332,389 $8,852
2020 $70,749 $61,897 $1,332,389 $8,852
2019 $43,755 $48,616 $1,274,064 $-4,861
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