CLEVELAND CHAMBER MUSIC SOCIETY

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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

1950

Legal Domicile

Principal Officer

DOUGLAS ROSE

Phone

2163216766

Tax Period

2023-07-01 to 2024-06-30

CLEVELAND CHAMBER MUSIC SOCIETY, founded in 1950, is a small nonprofit in the Arts, Culture & Humanities sector that reported $177K in total revenue in fiscal year 2023. Expenses of $198K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTING CHAMBER MUSIC

Program Service Accomplishments

Program 1

Expenses: $183,534 Revenue: $42,169

TO PRESENT CHAMBER MUSIC CONCERTS TO ENCOURAGE THE STUDY, APPRECIATION AND COMPOSITION OF CHAMBER MUSIC. ALL EXPENSES ARE RELATED TO THIS ACTIVITY.

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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 $49,166

Program Service Revenue $42,169

Investment Income $85,915

Other Revenue $0

TOTAL REVENUE $177,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,534

Other Expenses $198,410

TOTAL EXPENSES $198,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,250	$174,922	+0.0%
Expenses	$198,410	$176,316	+0.1%
Net Income	$-21,160	$-1,394	+14.2%

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

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
EMILY LAURANCE	DIRECTOR	1.00	Director	$0	$0	$0
BUD STERN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LEDERMAN	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FERN JENNINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUGLAS ROSE	TREASURER	1.00	Officer Director	$0	$0	$0
MARTHA SOMACH	DIRECTOR	1.00	Director	$0	$0	$0
MAX BUNKER	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VERNON SACKMAN	DIRECTOR	1.00	Director	$0	$0	$0
RUTH SIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
LOIS ROSE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FRIED	DIRECTOR	1.00	Director	$0	$0	$0
TERRENCE O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SOMACH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE TYLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BAUMANN	DIRECTOR	1.00	Director	$0	$0	$0
DR MELVIN ARNOFF	DIRECTOR	1.00	Director	$0	$0	$0
FRANK ELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ROTHENBERG	DIRECTOR	1.00	Officer Director	$0	$0	$0
BARBARA GREEN	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TONI MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC CHARNOFSKY	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$177,250	$198,410	$2,740,991	$-21,160
2023	$174,922	$176,316	$2,503,829	$-1,394
2022	$158,039	$182,018	$2,359,082	$-23,979
2021	$179,703	$73,770	$2,564,751	$105,933
2020	$242,527	$162,991	$2,173,073	$79,536
2019	$180,768	$153,384	$2,197,616	$27,384
2019	$196,693	$152,359	No data	$44,334
2018	$213,823	$172,438	$2,005,352	$41,385