CHELSEA MUSIC FESTIVAL CORPORATION (EIN 452473321) - 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

2011

Legal Domicile

Principal Officer

TIFFANY FUNG

Phone

6468013864

Tax Period

2024-01-01 to 2024-12-31

CHELSEA MUSIC FESTIVAL CORPORATION, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $344K in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $388K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE PUBLIC AWARENESS, UNDERSTANDING AND APPRECIATION OF MUSIC ACROSS DIVERSE GENRES. IN FURTHERANCE OF THIS EXEMPT PURPOSE, THE ORGANIZATION WILL SPONSOR AND PRESENT PUBLIC RECITALS AND CONCERTS OF HISTORICAL AND NEW WORKS. THE ORGANIZATION WILL ALSO OFFER FORUMS, LECTURES AND EDUCATIONAL EVENTS RELATED TO THE MUSIC AND MUSICIANS PRESENTED.

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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 $302,628

Program Service Revenue $23,277

Investment Income $12,933

Other Revenue $5,527

TOTAL REVENUE $344,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,234

Fundraising Expenses $8,802

Program Expenses $316,973

Other Expenses $284,061

TOTAL EXPENSES $388,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,365	$171,515	+1.0%
Expenses	$388,295	$310,042	+0.3%
Net Income	$-43,930	$-138,527	-0.7%

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

$31,530

Total Directors

$41,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY CALLISTE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE EGLI	DIRECTOR	1.00	Director	$0	$0	$0
YOKO FUKAYA	TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY FUNG	SECRETARY AND DIR OF OPERATIONS	20.00	Officer Director	$31,530	$0	$31,530
JESSICA HEALY	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN-DAVID MASUR	DIRECTOR	10.00	Director	$10,000	$0	$10,000

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	$344,365	$388,295	$395,318	$-43,930
2023	$171,515	$310,042	$433,477	$-138,527
2022	$184,346	$215,377	$564,101	$-31,031
2021	$412,581	$127,747	$592,086	$284,834
2020	$73,466	$109,675	$308,329	$-36,209
2019	$253,354	$349,939	$344,799	$-96,585
2018	$393,975	$317,559	$445,067	$76,416

CHELSEA MUSIC FESTIVAL CORPORATION