INTERNATIONAL SOCIETY OF BASSISTS

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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

1987

Legal Domicile

Principal Officer

GAELEN MCCORMICK

Phone

9722339107

Tax Period

2024-09-01 to 2025-08-31

INTERNATIONAL SOCIETY OF BASSISTS, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $540K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 16% operating margin.

Mission

The International Society of Bassists was founded by the world-renowned virtuoso Gary Karr in 1967. With nearly 2,500 members in over 40 countries, the ISB is dedicated to inspiring public interest, raising performance standards, and providing an organization for those who teach, study, play, repair, build, research and enjoy the double bass. The ISB is a forum for communication among the bassists throughout the world and across a wide variety of musical styles.

Program Service Accomplishments

Program 1

Expenses: $328,389 Revenue: $183,742

Biennial Educational Conference and other professional meetings to inform and educate the members and the public, and to strengthen the profession.

Program 2

Expenses: $34,325 Revenue: $112,766

Publications Program (Magazine, Calendar, Newsletter), Member Services, Composition Programs, Competition Program, Website and other projects to educate members and the public, and to strengthen the...

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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 $215,685

Program Service Revenue $296,508

Investment Income $26,719

Other Revenue $879

TOTAL REVENUE $539,791

Expense Breakdown

Grants Paid $49,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,714

Other Expenses $405,407

TOTAL EXPENSES $455,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$539,791	$247,354	+1.2%
Expenses	$455,307	$199,331	+1.3%
Net Income	$84,484	$48,023	+0.8%

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

N/A

Volunteers

100

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY MEDER	Treasurer	2.00	Officer Director	$0	$0	$0
Hollie Greenwood	Director	2.00	Director	$0	$0	$0
Tommy Hawthorne	Director	2.00	Director	$0	$0	$0
HANS STURM	PAST President	2.00	Officer Director	$0	$0	$0
WESLEY THOMPSON	Secretary	2.00	Officer Director	$0	$0	$0
Gabriele Ragghianti	Director	2.00	Director	$0	$0	$0
KURT MELENDY	Director	2.00	Director	$0	$0	$0
SANDOR OSTLUND	PRES. ELECT	2.00	Officer Director	$0	$0	$0
JOEL BRAUN	Director	2.00	Director	$0	$0	$0
DENNIS WHITTAKER	Director	2.00	Director	$0	$0	$0
GAELEN MCCORMICK	President	2.00	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	$539,791	$455,307	$1,479,289	$84,484
2024	$247,354	$199,331	$1,367,367	$48,023
2023	$752,205	$494,704	$1,274,124	$257,501
2022	$177,433	$148,492	$1,006,084	$28,941
2021	$596,058	$492,331	$1,007,932	$103,727
2020	$169,029	$138,713	$904,207	$30,316
2019	$483,438	$383,365	$873,898	$100,073
2018	$162,984	$157,187	$773,817	$5,797