Virginia Chamber Music Foundation Charlottesville Chamber Music Festival (EIN 542000976) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

LINDA C MONAHAN

Phone

4342955395

Tax Period

2023-01-01 to 2023-12-31

Virginia Chamber Music Foundation Charlottesville Chamber Music Festival, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $150K in total revenue in fiscal year 2020. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $69K, a strong 46% operating margin.

Mission

To increase the understanding appreciation of chamber music in Virginia beyond presenting concerts educational outreach progs

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $199,417

Program Service Revenue $43,764

Investment Income $3,814

Other Revenue $2,500

TOTAL REVENUE $249,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,013

Fundraising Expenses $15,469

Program Expenses $204,500

Other Expenses $142,144

TOTAL EXPENSES $225,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,495	$283,502	-0.1%
Expenses	$225,157	$177,822	+0.3%
Net Income	$24,338	$105,680	-0.8%

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

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

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA C MONAHAN	Chair	4.000	Officer Director	$0	$0	$0
TERRY E GRANT	Secretary	4.000	Officer Director	$0	$0	$0
ELSIE W THOMPSON	Treasurer	4.000	Officer Director	$0	$0	$0
RAPHAEL BELL	coArtistic Director	5.000	Director	$5,500	$0	$5,500
J TIMOTHY SUMMERS	coArtistic Director	8.000	Director	$6,500	$0	$6,500

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	$249,495	$225,157	$377,107	$24,338
2022	$283,502	$177,822	$352,309	$105,680
2021	$217,219	$182,414	$245,079	$34,805
2020	$149,522	$80,857	$213,498	$68,665

Virginia Chamber Music Foundation Charlottesville Chamber Music Festival