Chamber Music OC

EIN: 462748155 501(c)(3) Arts, Culture & Humanities

Lake Forest, CA

Total Revenue
$271,164
Total Expenses
$250,135
Total Assets
$320,871
Net Assets
$318,708
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
Ross Gasworth
Phone
9494917591
Tax Period
2025-01-01 to 2025-12-31

Chamber Music OC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $271K in total revenue in fiscal year 2025. Expenses of $250K left a modest 8% surplus.

Mission

The Performance Division is designed to provide residents of the greater Orange County area with world-class chamber music performances presented by rising stars and established veterans in the classical music world. The Education Division is anchored by the Pre-College Program. The program provides a unique and comprehensive musical education that features chamber music coaching and performance classes, musicianship, composition, ear training, career development and college preparation, participation in distinguished guest artist master classes, community outreach performances, and the Rising Stars Recital Series. Open to both pre-formed ensembles and individual instrumentalists, participants in Chamber Music | OCs Adult Chamber Music Program (ACMP) receive comprehensive guidance from renowned resident faculty members on masterpieces from the chamber music repertoire. The ACMP curriculum includes regular coaching, performance opportunities, educational workshops, access to state-of-th

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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 (2025)

Revenue Breakdown

Contributions & Grants $208,874
Program Service Revenue $0
Investment Income $3,793
Other Revenue $58,497
TOTAL REVENUE $271,164

Expense Breakdown

Grants Paid $2,075
Salaries & Benefits $88,839
Fundraising Expenses $4,872
Program Expenses $181,889
Other Expenses $159,221
TOTAL EXPENSES $250,135

Year-over-Year Comparison

2025 2024 Change
Revenue $271,164 $252,682 +0.1%
Expenses $250,135 $253,945 0.0%
Net Income $21,029 $-1,263 -17.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
13
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
3
$43,110
Total Directors
6
$43,110
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Irena Iryna Krechkovsky Executive Dir. 20.00
Officer Director
$23,960 $0 $23,960
Ross Gasworth Director 20.00
Officer Director
$19,150 $0 $19,150
Sukhee Kang Director 0.00
Director
$0 $0 $0
Kevin Loucks Strategic Con 10.00
Officer Director
$0 $0 $0
Joanne Kang Director 0.00
Director
$0 $0 $0
Ron Harris Director 0.00
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
2025 $271,164 $250,135 $320,871 $21,029
2024 No data No data No data No data
2023 $243,060 $225,807 $299,867 $17,253
2022 $293,383 $244,440 $282,958 $48,943
2021 $219,168 $168,303 $233,652 $50,865
2020 $206,303 $103,726 $181,881 $102,577
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