NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
CHELSEA MUSIC FESTIVAL CELEBRATES GREAT MUSIC BY CONVENING WORLD-LEADING MUSICIANS & ARTISTS IN THE PERFORMING, CULINARY, AND VISUAL ARTS FOR AN INTERNATIONAL AUDIENCE. THE FESTIVAL INVITES ARTISTS, COMPOSERS, AND PERFORMERS TO COLLABORATE IN PURSUIT OF NEW PERSPECTIVES IN ARTISTIC EXPRESSION.
CHELSEA MUSIC FESTIVAL CELEBRATES GREAT MUSIC BY CONVENING WORLD-LEADING MUSICIANS & ARTISTS IN THE PERFORMING, CULINARY, AND VISUAL ARTS FOR AN INTERNATIONAL AUDIENCE. THE FESTIVAL INVITES ARTISTS...
CHELSEA MUSIC FESTIVAL CELEBRATES GREAT MUSIC BY CONVENING WORLD-LEADING MUSICIANS & ARTISTS IN THE PERFORMING, CULINARY, AND VISUAL ARTS FOR AN INTERNATIONAL AUDIENCE. THE FESTIVAL INVITES ARTISTS, COMPOSERS, AND PERFORMERS TO COLLABORATE IN PURSUIT OF NEW PERSPECTIVES IN ARTISTIC EXPRESSION.INSPIRED BY ITS CHELSEA ROOTS, THE FESTIVAL REFLECTS THE CREATIVITY OF ONE OF NEW YORK CITY'S MOST DYNAMIC NEIGHBORHOODS. PROGRAMS SPAN MUSICAL GENRES RANGING FROM CLASSICAL TO CONTEMPORARY TO JAZZ WITH A SPECIAL EMPHASIS ON FESTIVAL COMMISSIONS BY COMPOSERS WHOSE WORKS ARE NOT IN THE TRADITIONAL WESTERN CANON. IN ADDITION TO ITS ON-THE-GROUND PROGRAMMING, THE FESTIVAL HOSTS AN ONLINE LIBRARY OF RECORDINGS SO MUSIC ENTHUSIASTS, ARTISTS, AND STUDENTS ALIKE CAN EXPLORE UNIQUE INTERPRETATIONS OF CLASSICAL, JAZZ, AND CONTEMPORARY WORKS VIA HIGH-QUALITY VIDEOS OF WORLD-CLASS PERFORMANCES AND DIALOGUES AVAILABLE FOR YEARS TO COME.SINCE 2010, THE CHELSEA MUSIC FESTIVAL HAS ESTABLISHED ITSELF AS A CRITICALLY-ACCLAIMED, ACCESSIBLE AND INTERACTIVE GATEWAY TO CHAMBER MUSIC IN NON-TRADITIONAL CONCERT SPACES SUCH AS ART GALLERIES, PUBLIC SQUARES, SCHOOLS, AND CHURCHES. ARTISTS HAIL FROM AROUND THE WORLD TO PARTAKE IN NEARLY TWO WEEKS OF PROGRAMMING COMPLETE WITH CONCERTS, LECTURES, EXHIBITIONS, FAMILY EVENTS, AND FREE OUTREACH PERFORMANCES. IN 2020, THE CHELSEA MUSIC FESTIVAL INAUGURATED ITS ONLINE ENCORES AND ONLINE ORIGINALS YOUTUBE SERIES; ONLINE ENCORES PRESENTS HIGHLIGHTS FROM OUR FESTIVAL ARCHIVES WHILE ONLINE ORIGINALS PRESENTS NEW AND NEVER-BEFORE-SEEN PERFORMANCES AND RECORDINGS.WE ARE PROUD TO GIVE EMERGING VOICES, PARTICULARLY THOSE OF WOMEN AND PEOPLE OF COLOR, A STAGE AND ARE WORKING TO BUILD AN AUDIENCE AND INTIMATE COMMUNITY TO SUPPORT A NEW GENERATION OF MUSICIANS, COMPOSERS, AND ARTISTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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