North Corner Chamber Orchestra

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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

2018

Legal Domicile

Principal Officer

Kyle Purnell

Phone

3604619223

Tax Period

2021-01-01 to 2021-12-31

North Corner Chamber Orchestra, founded in 2018, is a small nonprofit that reported $327K in total revenue in fiscal year 2021. Revenue surged 524% from the prior year, signaling strong growth momentum. The organization ran a surplus of $267K, a strong 82% operating margin.

Mission

North Corner Chamber Orchestra (NOCCO)'s mission is to present immersive, collaborative, and vibrant musical experiences to the diverse communities of the greater Seattle area.

Program Service Accomplishments

Program 1

Expenses: $51,831 Revenue: $4,441

North Corner Chamber Orchestra performs 8-10 concerts annually, which serve approximately 1,000 annually.

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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 (2021)

Revenue Breakdown

Contributions & Grants $321,808

Program Service Revenue $4,441

Investment Income $36

Other Revenue $467

TOTAL REVENUE $326,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $312

Program Expenses $51,831

Other Expenses $60,194

TOTAL EXPENSES $60,194

Year-over-Year Comparison

	2021	2020	Change
Revenue	$326,752	$52,360	+5.2%
Expenses	$60,194	$29,292	+1.1%
Net Income	$266,558	$23,068	+10.6%

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

$1,550

Total Directors

$4,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clare Bresnahan	Vice President & Treasurer	5	Officer Director	$875	$0	$875
Victoria Parker	Director	5	Director	$875	$0	$875
Eli Weinberger	Director	5	Director	$800	$0	$800
Sean Osborn	Director	5	Director	$700	$0	$700
Ross Gilliland	President	5	Officer Director	$675	$0	$675
Kyle Purnell	Director	5	Director	$600	$0	$600
Spencer Small	Secretary	5	Officer Director	$0	$0	$0
Sarah Weinberger	Director	5	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
2021	$326,752	$60,194	$298,848	$266,558