MUSIC OF THE BAROQUE (EIN 362837499) - 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

1975

Legal Domicile

Principal Officer

DECLAN MCGOVERN

Phone

3125511415

Tax Period

2024-07-01 to 2025-06-30

MUSIC OF THE BAROQUE, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. The organization ran a surplus of $909K, a strong 22% operating margin.

Mission

MUSIC OF THE BAROQUE IS A PROFESSIONAL ORCHESTRA AND CHORUS EXCELLING IN THE PERFORMANCE OF WORKS FROM THE 18TH CENTURY AND BEFORE. THE ORGANIZATION ALSO EDUCATES 2,900 CHICAGO PUBLIC SCHOOL STUDENTS EACH YEAR THROUGH ITS 'STRONG VOICES' SINGING PROGRAM.

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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 $2,932,466

Program Service Revenue $888,274

Investment Income $188,242

Other Revenue $78,921

TOTAL REVENUE $4,087,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,681,823

Fundraising Expenses $348,662

Program Expenses $2,518,415

Other Expenses $1,496,733

TOTAL EXPENSES $3,178,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,087,903	$4,273,797	0.0%
Expenses	$3,178,556	$2,939,030	+0.1%
Net Income	$909,347	$1,334,767	-0.3%

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

162

Volunteers

125

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

$290,751

Total Directors

$221,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT D HEVEY JR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
THOMAS G CLINE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PAMELA BAKER	SECRETARY	2.00	Officer Director	$0	$0	$0
LAWSON WHITESIDES JR	TREASURER	2.00	Officer Director	$0	$0	$0
STANLEY L FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A FORTI	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MARCUS HAMADA	DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY L HANS	DIRECTOR	1.00	Director	$0	$0	$0
LELAND E HUTCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS O KUHNS	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE LANE	DIRECTOR	1.00	Director	$0	$0	$0
MELBA LARA	DIRECTOR (AS OF 12/5/24)	1.00	Director	$0	$0	$0
HELEN MARLBOROUGH	DIRECTOR	1.00	Director	$0	$0	$0
SHELDON MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MCINTOSH	DIRECTOR	1.00	Director	$0	$0	$0
LANDON S RAIFORD	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW T REGAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA A RONE MD	DIRECTOR (AS OF 12/5/24)	1.00	Director	$0	$0	$0
MARJORIE M STINESPRING	DIRECTOR	1.00	Director	$0	$0	$0
CYRUS WALKER	DIRECTOR (AS OF 12/5/24)	1.00	Director	$0	$0	$0
JOHN L WILHELM	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DECLAN MCGOVERN	EXECUTIVE DIRECTOR	40.00	Officer Director	$189,117	$32,532	$221,649
KELLEY DORHAUER	DIR. OF FINANCE AND ADMIN	40.00	Officer	$56,349	$12,753	$69,102
JASON M GIVAN	DIRECTOR OF DEVELOPMENT	40.00	Highest	$106,620	$19,187	$125,807
JENNIFER MORE	DIR. OF MARKETING & COMM.	40.00	Highest	$105,500	$4,875	$110,375

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	$4,087,903	$3,178,556	$6,016,664	$909,347
2024	$4,273,797	$2,939,030	$4,344,717	$1,334,767
2023	$2,809,288	$2,922,011	$2,897,580	$-112,723
2022	$3,261,468	$2,839,203	$2,876,909	$422,265
2021	$1,900,263	$1,660,542	$2,610,285	$239,721
2020	$2,498,925	$2,093,241	$2,238,795	$405,684
2019	$2,276,441	$2,363,242	$1,708,115	$-86,801

MUSIC OF THE BAROQUE