CLASSICAL 981 (EIN 273067797) - 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

2010

Principal Officer

BRENDA BARNES

Phone

2066912981

Tax Period

2024-07-01 to 2025-06-30

CLASSICAL 981, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 21% operating margin.

Mission

CLASSICAL 98.1 WILL ACTIVELY GROW, DIVERSIFY, AND ENRICH THE LOVE OF CLASSICAL MUSIC IN OUR COMMUNITY BY PROVIDING A VOICE FOR CLASSICAL MUSIC AND THE ARTS.

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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 $6,839,267

Program Service Revenue $324,391

Investment Income $249,920

Other Revenue $0

TOTAL REVENUE $7,413,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,702,165

Fundraising Expenses $2,440,056

Program Expenses $2,810,845

Other Expenses $3,107,857

TOTAL EXPENSES $5,865,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,413,578	$2,477,379	+2.0%
Expenses	$5,865,089	$2,380,389	+1.5%
Net Income	$1,548,489	$96,990	+15.0%

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

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

$207,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA BARNES	CEO	40.00	Officer	$207,345	$0	$207,345
RINA ROMERO	COO	N/A	Highest	$161,012	$0	$161,012
MICHELLE M SIMONSEN	MANAGER	N/A	Highest	$155,694	$0	$155,694
DAVID C BECK	ANNOUNCER	N/A	Highest	$109,229	$0	$109,229
CHRISTOPHER T BAYLEY	PRESIDENT EM	N/A	Director	$0	$0	$0
DIANA CAREY	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN CLIFFORD	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN COUGHLIN	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES DICKEY	DIRECTOR	N/A	Director	$0	$0	$0
JIM DUNCAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEVIN FOX	TREASURER	N/A	Officer Director	$0	$0	$0
DIANA GAO	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN GRANT	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN HARMON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DOUGLAS JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
NEIL JORDAN	DIRECTOR	N/A	Director	$0	$0	$0
NAOMI MINEGISHI	DIRECTOR	N/A	Director	$0	$0	$0
JON ROSEN	SECRETARY	N/A	Officer Director	$0	$0	$0
MOYA VASQUEZ	DIRECTOR	N/A	Director	$0	$0	$0
ROB WISEMAN	CHIEF ADVANC	N/A	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	$7,413,578	$5,865,089	$12,664,966	$1,548,489
2024	$2,477,379	$2,380,389	$10,578,745	$96,990
2023	$5,149,809	$5,329,631	$10,611,950	$-179,822
2022	$6,059,353	$4,868,425	$10,577,171	$1,190,928
2021	$5,192,189	$4,599,563	$7,691,634	$592,626
2020	$5,222,890	$4,129,251	$6,921,707	$1,093,639
2019	$7,991,072	$3,901,458	$5,759,494	$4,089,614
2018	$4,822,792	$3,895,604	$1,701,763	$927,188

CLASSICAL 981