CHAMBER ORCHESTRA OF THE SOUTH BAY… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

RON DEFREES

Phone

3105029934

Tax Period

2023-07-01 to 2024-06-30

CHAMBER ORCHESTRA OF THE SOUTH BAY INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $178K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

THE PRIMARY MISSION OF THE COSB IS TO BRING A HIGH LEVEL OF ARTISTIC EXCELLENCE TO THE SOUTH BAY AREA OF LOS ANGELES COUNTY. THE COSB NOW SERVES AS THE ONLY PROFESSIONAL CLASSICAL ORCHESTRA RESIDENT IN THE SOUTH BAY (LONG BEACH IS NOT DEMOGRAPHICALLY PART OF THE SOUTH BAY, AND THE LOS ANGELES PHILHARMONIC HAS CEASED PERFORMING IN THE SOUTH BAY). A SECONDARY MISSION OF THE COSB IS TO PARTNER WITH LOCAL EDUCATIONAL INSTITUTIONS TO PROVIDE FREE OPEN REHEARSALS FOR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $195,956 Revenue: $41,160

PROVIDED 5 CONCERTS AVAILABLE TO THE PUBLIC COMMUNITY, 5 REHEARSALS OPEN TO STUDENTS AND TEACHERS. INCLUDING PRE-CONCERT LECTURE BY A NOTED COMPOSER AND MUSIC CRITIC.

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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 $137,201

Program Service Revenue $40,224

Investment Income $937

Other Revenue $0

TOTAL REVENUE $178,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,790

Fundraising Expenses $0

Program Expenses $195,956

Other Expenses $137,166

TOTAL EXPENSES $195,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,362	$256,125	-0.3%
Expenses	$195,956	$289,715	-0.3%
Net Income	$-17,594	$-33,590	-0.5%

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

N/A

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

$3,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON DEFREES	PRESIDENT EMERITUS	10.00	Officer	$0	$0	$0
LOIS MCFARLAND	SECRETARY	10.00	Officer	$0	$0	$0
MARIANNE SFREDDO	TREASURER	10.00	Officer	$3,500	$0	$3,500

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	$178,362	$195,956	$118,793	$-17,594
2023	$256,125	$289,715	$136,267	$-33,590
2022	$174,982	$277,498	$278,561	$-102,516
2021	$98,176	$46,505	$326,057	$51,671

CHAMBER ORCHESTRA OF THE SOUTH BAY INC