LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL I (EIN 262757906) - 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

2008

Legal Domicile

Principal Officer

PETER ESPENSHADE

Phone

8028462175

Tax Period

2023-01-01 to 2023-12-31

LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL I, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $367K in total revenue in fiscal year 2023. Net assets of $965K represent 32 months of operating reserves.

Mission

THE MISSION OF THE LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL IS TO INSPIRE A PASSION FOR CHAMBER MUSIC.

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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 $317,257

Program Service Revenue $60,797

Investment Income $-14,828

Other Revenue $4,128

TOTAL REVENUE $367,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,736

Fundraising Expenses $5,832

Program Expenses $288,400

Other Expenses $309,611

TOTAL EXPENSES $397,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$367,354	$350,634	+0.0%
Expenses	$397,347	$409,630	0.0%
Net Income	$-29,993	$-58,996	-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

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

$70,000

Total Directors

$70,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW KERVICK	PRESIDENT	5.00	Officer Director	$0	$0	$0
BARBARA YORK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHEN MAYER	SECRETARY	2.00	Officer Director	$0	$0	$0
JAN STICKLE	TREASURER	2.00	Officer Director	$0	$0	$0
PETER ESPENSHADE	EXECUTIVE DIRECTOR	40.00	Officer Director	$70,000	$0	$70,000
SIMONA CHUBB	DIRECTOR	2.00	Director	$0	$0	$0
ANNE CLARK	DIRECTOR	2.00	Director	$0	$0	$0
LIVIA DEMARCHIS	DIRECTOR	2.00	Director	$0	$0	$0
CHAD HANSEN	DIRECTOR	2.00	Director	$0	$0	$0
JANE KITTREDGE	DIRECTOR	2.00	Director	$0	$0	$0
PIA SAWHNEY	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$367,354	$397,347	$1,011,456	$-29,993
2022	$350,634	$409,630	$915,959	$-58,996
2021	$388,881	$388,200	$1,089,165	$681
2020	$301,535	$170,331	$1,016,581	$131,204
2019	$354,886	$391,238	$838,923	$-36,352
2018	$808,603	$324,072	$728,992	$484,531

LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL I