BALTIMORE CLASSICAL GUITAR SOCIETY INC

EIN: 521541578 501(c)(3) Arts, Culture & Humanities

LUTHERVILLE TIMONIUM, MD

Total Revenue
$288,517
Total Expenses
$197,111
Total Assets
$693,687
Net Assets
$693,687
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MD
Principal Officer
ASGERDUR SIGURDARDOTTIR
Phone
4432962247
Tax Period
2023-07-01 to 2024-06-30

BALTIMORE CLASSICAL GUITAR SOCIETY INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $91K, a strong 32% operating margin.

Mission

ORGANIZATION IS DEDICATED TO FOSTERING THE AWARENESS AND APPRECIATION OF THE CLASSICAL GUITAR. WE BELIEVE THAT THE GUITAR IS AN ACCESSIBLE AND VERSATILE INSTRUMENT THAT IS UNIQUELY CAPABLE OF BRINGING CLASSICAL MUSIC TO EVERYONE. WE ARE DEDICATED TO KEEPING UP WITH OUR MISSION OF EDUCATING THE PUBLIC ABOUT CLASSICAL GUITAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $181,366
Program Service Revenue $100,564
Investment Income $6,587
Other Revenue $0
TOTAL REVENUE $288,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,390
Fundraising Expenses $0
Program Expenses $120,712
Other Expenses $128,721
TOTAL EXPENSES $197,111

Year-over-Year Comparison

2023 2022 Change
Revenue $288,517 $218,040 +0.3%
Expenses $197,111 $219,397 -0.1%
Net Income $91,406 $-1,357 -68.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
30

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
$60,000
Total Directors
6
$6,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASGERDUR SIGURDARDOTTIR PRESIDENT 40.00
Officer
$60,000 $0 $60,000
TROY KING DIRECTOR OF CONCERT OPERATIONS 1.00
Director
$0 $0 $0
MIKE D OLIVER SECRETARY 1.00
Director
$0 $0 $0
EDWIGE GRIFFITH ADMINISTRATOR 5.00
Director
$6,787 $0 $6,787
JONATHAN ZWI ADMINISTRATOR 1.00
Director
$0 $0 $0
JAMES LOWE ADMINISTRATOR 1.00
Director
$0 $0 $0
RISA CARLSON VICE PRESIDENT 1.00
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 No data No data No data No data
2024 $288,517 $197,111 $693,687 $91,406
2023 $218,040 $219,397 $604,027 $-1,357
2022 $207,259 $126,752 $598,514 $80,507
2021 $200,760 $65,516 $518,007 $135,244
2020 $213,038 $78,231 $375,816 $134,807
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