BLUEWATER CHAMBER ORCHESTRA (EIN 462103873) - 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

PAUL R KEEN

Phone

4407816215

Tax Period

2024-01-01 to 2024-12-31

BLUEWATER CHAMBER ORCHESTRA, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $272K left a modest 6% surplus.

Mission

BLUE WATER CHAMBER ORCHESTRA IS A GROUP OF PROFESSIONAL, LOCAL, AND WORLD-CLASS MUSICIANS COMMITTED TO BRINGING A TRANSFORMATIVE MUSICAL EXPERIENCE DIRECTLY TO THE NEIGHBORHOODS OF NORTHEAST OHIO. THE ORGANIZATION IS DEDICATED TO ENGAGING NEW AND DIVERSE AUDIENCES THROUGH HIGH-LEVEL EDUCATIONAL PROGRAMMING, COMMUNITY OUTREACH, COLLABORATIVE PARTNERSHIPS, AND ARTISTIC EXCELLENCE IN AN INVITING AND ACCESSIBLE MANNER.

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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 $255,276

Program Service Revenue $33,234

Investment Income $1

Other Revenue $0

TOTAL REVENUE $288,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,689

Fundraising Expenses $0

Program Expenses $215,722

Other Expenses $243,617

TOTAL EXPENSES $272,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,511	$211,795	+0.4%
Expenses	$272,306	$204,618	+0.3%
Net Income	$16,205	$7,177	+1.3%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

$46,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIESL HOOK	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD ROSENBERG	TRUSTEE	1.00	Director	$0	$0	$0
NANCY PATTERSON	ORCHESTRA MANAGER	2.00	Director	$17,230	$0	$17,230
DANIEL MEYER	ARTISTIC DIRECTOR	1.00	Director	$29,000	$0	$29,000
LARA MARTIN LENGEL	ADVISORY BOARD	0.00	Director	$0	$0	$0
ALLY WERDEN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS FISHER	TRUSTEE	1.00	Director	$0	$0	$0
PAUL R KEEN	PRESIDENT	7.00	Officer	$0	$0	$0
MARIAN PATTERSON	SECRETARY	2.00	Officer	$0	$0	$0
HARLAN MEINWALD	TREASURER	1.00	Officer	$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	$288,511	$272,306	$69,075	$16,205
2023	$211,795	$204,618	$52,870	$7,177

BLUEWATER CHAMBER ORCHESTRA