INDIANAPOLIS CHAMBER ORCHESTRA INC (EIN 311132072) - 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

1984

Legal Domicile

Principal Officer

MARCUS VEATCH

Phone

3179409607

Tax Period

2024-07-01 to 2025-06-30

INDIANAPOLIS CHAMBER ORCHESTRA INC, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $277K, a strong 20% operating margin.

Mission

ADVANCE AND PROMOTE MUSIC COMPOSED FOR SMALL ORCHESTRAS THROUGH PERFORMANCES AND EDUCATION.

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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 $651,440

Program Service Revenue $322,604

Investment Income $415,194

Other Revenue $-14,353

TOTAL REVENUE $1,374,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $797,163

Fundraising Expenses $91,229

Program Expenses $834,316

Other Expenses $300,238

TOTAL EXPENSES $1,097,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,374,885	$3,484,896	-0.6%
Expenses	$1,097,401	$940,216	+0.2%
Net Income	$277,484	$2,544,680	-0.9%

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

$91,237

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB CHIRGWIN	PRESIDENT	6.00	Officer Director	$0	$0	$0
TANIA DENG	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JARED JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
JIM ANTHONY	SECRETARY	2.00	Director	$0	$0	$0
CHARLES RUBRIGHT	EMERITUS	3.00	Director	$0	$0	$0
CAITIE STEWART	DIRECTOR	1.00	Director	$0	$0	$0
TINA HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
NESTOR CASTILLO	DIRECTOR	0.00	Director	$0	$0	$0
RONNIE KATZ	DIRECTOR	1.00	Director	$0	$0	$0
POLLY SPIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
PAUL OBSZANSKI	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA KEVORKIAN	DIRECTOR	2.00	Director	$0	$0	$0
KARIM FARROUKH	DIRECTOR	1.00	Director	$0	$0	$0
KEITH GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY PEATE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN WOLF	DIRECTOR	2.00	Director	$0	$0	$0
JIM TURNER	DIRECTOR	2.00	Director	$0	$0	$0
LISA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DANA STONE	ED/EX OFFICIO	40.00	Officer	$80,125	$11,112	$91,237

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	$1,374,885	$1,097,401	$7,102,966	$277,484
2024	$3,484,896	$940,216	$6,610,290	$2,544,680
2023	$643,401	$904,148	$3,352,421	$-260,747
2022	$1,055,259	$875,183	$3,320,087	$180,076
2021	$801,921	$694,739	$3,469,267	$107,182
2020	$1,164,959	$793,440	$2,814,670	$371,519
2019	$734,165	$873,125	$2,475,523	$-138,960
2018	$844,275	$819,748	$2,600,259	$24,527

INDIANAPOLIS CHAMBER ORCHESTRA INC