Franklin Pond Chamber Music Inc

EIN: 364509425 501(c)(3) Arts, Culture & Humanities

Atlanta, GA

Total Revenue
$196,945
Total Expenses
$196,322
Total Assets
$411,045
Net Assets
$411,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
GA
Principal Officer
Ronda P Respess
Phone
4042523479
Tax Period
2024-01-01 to 2024-12-31

Franklin Pond Chamber Music Inc, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $197K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $411K represent 25 months of operating reserves.

Mission

Mentor young musicians through the art of chamber music to achieve their fullest potential as musicians, thinkers, collaborators, and responsible members of a diverse and inclusive community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,902
Program Service Revenue $52,850
Investment Income $11,193
Other Revenue $0
TOTAL REVENUE $196,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,943
Fundraising Expenses $3,958
Program Expenses $151,535
Other Expenses $139,379
TOTAL EXPENSES $196,322

Year-over-Year Comparison

2024 2023 Change
Revenue $196,945 $221,844 -0.1%
Expenses $196,322 $187,993 +0.0%
Net Income $623 $33,851 -1.0%
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

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Governance

Voting Members
15
Independent Members
13
Employees
2
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
1
$25,000
Total Directors
13
$23,900
Key Employees
1
$23,900
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronda P Respess Executive Director 20.00
Officer
$25,000 $0 $25,000
VIrginia R Fairchild Ex offcio board member 20.00
Director Key Emp
$23,900 $0 $23,900
Beattie Wood Chairman 2.00
Director
$0 $0 $0
Hamilton Smith Board member 1.00
Director
$0 $0 $0
Edie Bostic Board member 1.00
Director
$0 $0 $0
Jun-Ching Lin Ex officio board member 1.00
Director
$0 $0 $0
Lynn Eden Board member 1.00
Director
$0 $0 $0
Shelley McGehee Board member 1.00
Director
$0 $0 $0
Lachlan McBane Ex officio board member 1.00
Director
$0 $0 $0
Willliam Fred Scott Board member 1.00
Director
$0 $0 $0
Alex Simmons Board member 1.00
Director
$0 $0 $0
Peggy Stapleton Board member 1.00
Director
$0 $0 $0
Alison Thompson Board member 1.00
Director
$0 $0 $0
Adair White Board member 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
2024 $196,945 $196,322 $411,045 $623
2023 $221,844 $187,993 $410,434 $33,851
2022 $177,153 $192,458 $376,559 $-15,305
2021 $206,033 $186,928 $401,040 $19,105
2020 $322,696 $118,761 $351,533 $203,935
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