CHATFIELD BRASS BAND INC (EIN 237279912) - 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

1973

Legal Domicile

Principal Officer

Jerel Nielsen

Phone

5078673275

Tax Period

2024-10-01 to 2025-09-30

CHATFIELD BRASS BAND INC, founded in 1973, is a small nonprofit that reported $183K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 59% operating margin.

Mission

Dedicated to keeping the spirit and tradition of band music alive in America--by performing traditional band music and marches, and by operating a library archive that features one of the most extensive band sheet music collections in the world.

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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 $144,953

Program Service Revenue $16,993

Investment Income $20,668

Other Revenue $0

TOTAL REVENUE $182,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,011

Fundraising Expenses $109

Program Expenses $63,165

Other Expenses $36,305

TOTAL EXPENSES $75,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,614	$82,883	+1.2%
Expenses	$75,316	$66,144	+0.1%
Net Income	$107,298	$16,739	+5.4%

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

Total Directors

$18,024

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerel Nielsen	Library Manager - ex officio director	18	Director	$14,553	$0	$14,553
Carmen Narveson	Band Director, ex officio director	6	Director	$3,471	$0	$3,471
Sharyol O'Connor	Director at large	1	Director	$0	$0	$0
Ellen Dahlstrom	President	2	Officer Director	$0	$0	$0
Susan Lorenzen-Johnson	Treasurer	4	Officer Director	$0	$0	$0
Theresa Hayden	Secretary	2	Officer Director	$0	$0	$0
Amy Koenigs	Vice President	1	Officer Director	$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	$182,614	$75,316	$945,556	$107,298
2024	$82,883	$66,144	$831,407	$16,739
2023	$95,323	$63,844	$775,859	$31,479
2022	$84,009	$82,060	$746,634	$1,949
2021	$54,424	$57,413	$790,094	$-2,989

CHATFIELD BRASS BAND INC