CHAMBER MUSIC CONFERENCE &

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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

1953

Legal Domicile

Principal Officer

Stanley L Corfman

Phone

9176533206

Tax Period

2023-01-01 to 2023-12-31

CHAMBER MUSIC CONFERENCE &, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $502K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $1.5M represent 36 months of operating reserves.

Mission

The Conference is devoted to the development of amateur and professional musicians as chamber players. The Conference is also committed to the development of new music by commissions and performances of new works by composers in residence. Coaching, participant performances and faculty concerts as well as lectures are provided.

Program Service Accomplishments

Program 1

Expenses: $410,074 Revenue: $374,310

Participants were coached by professional faculty up to 21 hours each week in up to four assigned chamber works. In addition, there were concerts by the Conference's distinguished faculty of...

Participants were coached by professional faculty up to 21 hours each week in up to four assigned chamber works. In addition, there were concerts by the Conference's distinguished faculty of professional musicians provided free to the public.

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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 (2023)

Revenue Breakdown

Contributions & Grants $87,384

Program Service Revenue $374,310

Investment Income $37,070

Other Revenue $2,866

TOTAL REVENUE $501,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,350

Fundraising Expenses $0

Program Expenses $410,074

Other Expenses $365,108

TOTAL EXPENSES $510,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$501,630	$530,738	-0.1%
Expenses	$510,458	$527,588	0.0%
Net Income	$-8,828	$3,150	-3.8%

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

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

Total Directors

Key Employees

$84,492

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Susan Ikeda	Executive Director	18	Key Emp	$52,000	$0	$52,000
Tobias Werner	Music Director	12	Key Emp	$32,492	$0	$32,492
Michael Kong	Chairman	10	Officer Director	$0	$0	$0
Andrea Berger	Vice Chair	5	Officer Director	$0	$0	$0
Dianne Mahany	Treasurer	10	Officer Director	$0	$0	$0
Katie Pena	Secretary	5	Officer Director	$0	$0	$0
Katherine Canning	Director	3	Director	$0	$0	$0
Miriam Goldberg	Director	3	Director	$0	$0	$0
Barbara Kipp	Director	3	Director	$0	$0	$0
David Knapp	Director	3	Director	$0	$0	$0
Larry Kohorn	Director	3	Director	$0	$0	$0
Sylvia Lipnick	Director	3	Director	$0	$0	$0
Patricia Maxson	Director	3	Director	$0	$0	$0
Linda Rappaport	Director	3	Director	$0	$0	$0
Claire Stefani	Director	3	Director	$0	$0	$0
Beverly Van Ausdal	Director	3	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
2024	No data	No data	No data	No data
2023	$501,630	$510,458	$1,515,680	$-8,828
2022	$530,738	$527,588	$1,343,658	$3,150
2021	$325,683	$378,275	$1,622,120	$-52,592
2020	$202,781	$235,625	$1,516,231	$-32,844
2019	$605,252	$602,287	$1,397,102	$2,965
2018	$595,420	$574,724	$1,209,666	$20,696