Albany, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Friends of Chamber Music, Inc. is a not-for-profit organization that brings renowned musicians from around the world to New York's Capital Region. Since 1949, Friends has presented exceptional chamber music in acoustically superior public venues. Friends of Chamber Music is dedicated to educating and delighting audiences and to encouraging chamber music appreciation through community outreach.
Arts, Culture, and Humanities: Presented 5 live Chamber Music Concerts to a total audience of approximately 400 persons, including approximately 100 students.
There is only one primary service
There is only one primary service.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare FRIENDS OF CHAMBER MUSIC OF TROY NY INC with other nonprofits in New York and across the country.