THE MUNICIPAL BAND OF CHARLOTTESVI… - Form 990 Financial Data

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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

1922

Legal Domicile

Principal Officer

GREG HARRIS

Phone

4342959850

Tax Period

2023-07-01 to 2024-06-30

THE MUNICIPAL BAND OF CHARLOTTESVILLE INC, founded in 1922, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Net assets of $2.9M represent 96 months of operating reserves.

Mission

THE MUNICIPAL BAND OF CHARLOTTESVILLE,DBA THE CHARLOTTESVILLE BAND, IS A NONPROFIT ORGANIZATION DEDICATED TO EXELLENCE IN THE PERFORMANCE OF HIGH QUALITY BAND AND ENSEMBLE MUSIC. THE BAND SERVES TO ENTERTAIN, UPLIFT AND INSPIRE THE COMMUNITIES OF CHARLOTTESVILLE AND SURROUNDING COUNTIES IN VIRGINIA, PROVIDING MUSICAL ENTERTAINMENT AND EDUCATION THROUGH FREE PUBLIC CONCERTS, VARIED REPERTOIRE AND PARTNERSHIPS. THE BAND OWNS AND OPERATES THE MUNICIPAL ARTS CENTER IN CHARLOTTESVILLE WHICH SERVES THE COMMUNITY FOR LOCAL ARTS AND OTHER NONPROFIT GROUPS.

Program Service Accomplishments

Program 1

Expenses: $225,948

PERFORMANCE - THE MUNICIPAL BAND OF CHARLOTTESVILLE, DBA THE CHARLOTTESVILLE BAND, HAS APPROXIMATELY 85 VOLUNTEER PLAYING MEMBERS. TYPICALLY, THE BAND HOLDS 49 TWO-HOUR REHEARSALS PER YEAR, AND...

PERFORMANCE - THE MUNICIPAL BAND OF CHARLOTTESVILLE, DBA THE CHARLOTTESVILLE BAND, HAS APPROXIMATELY 85 VOLUNTEER PLAYING MEMBERS. TYPICALLY, THE BAND HOLDS 49 TWO-HOUR REHEARSALS PER YEAR, AND PERFORMS ON AVERAGE 12 CONCERTS ANNUALLY. IN ADDITION, THERE ARE SEVERAL SMALLER ENSEMBLES MADE UP OF BAND MEMBERS THAT REHEARSE AND PERFORM THROUGHOUT THE YEAR.

Program 2

FACILITIES - THE MUNICIPAL BAND OF CHARLOTTESVILLE,DBA THE CHARLOTTESVILLE BAND, OWNS AND OPERATES THE MUNICIPAL ARTS CENTER. IN ADDITION TO A REHEARSAL HALL, OFFICE AND STORAGE FACILITY FOR THE...

FACILITIES - THE MUNICIPAL BAND OF CHARLOTTESVILLE,DBA THE CHARLOTTESVILLE BAND, OWNS AND OPERATES THE MUNICIPAL ARTS CENTER. IN ADDITION TO A REHEARSAL HALL, OFFICE AND STORAGE FACILITY FOR THE BAND, THE MUNICIPAL ARTS CENTER IS OFFERED FOR LEASE TO SERVICE CLUBS, EDUCATIONAL ORGANIZATIONS, MUSICAL AND DANCE GROUPS, SCHOOL GROUPS AND OTHERS. RENTAL AGREEMENTS ARE INEXPENSIVE AND TAILORED TO NONPROFIT ORGANIZATIONS.

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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 $290,580

Program Service Revenue $44,633

Investment Income $22,074

Other Revenue $2,003

TOTAL REVENUE $359,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,760

Fundraising Expenses $50,108

Program Expenses $225,948

Other Expenses $290,150

TOTAL EXPENSES $369,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,290	$242,150	+0.5%
Expenses	$369,910	$347,813	+0.1%
Net Income	$-10,620	$-105,663	-0.9%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG HARRIS	PRESIDENT/TR	10.00	Officer Director	$0	$0	$0
RENEE VOLLRATH	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
GREG ALEXANDER	SECRETARY	4.00	Officer Director	$0	$0	$0
CHERYL GOMEZ BARBER	DIRECTOR	3.00	Director	$0	$0	$0
ERIC ALLISON	DIRECTOR	3.00	Director	$0	$0	$0
DAVE JOHNSON	DIRECTOR	4.00	Director	$0	$0	$0
MICHELLE SCHROEDER	DIRECTOR	3.00	Director	$0	$0	$0
JANELLE ELLIS	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM D TUCKER III	DIRECTOR	2.00	Director	$0	$0	$0
LAVAHN HOH	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN PAYNE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LAPRADE	DIRECTOR	3.00	Director	$0	$0	$0
KERRY FINNEGAN	DIRECTOR	3.00	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	$359,290	$369,910	$2,867,099	$-10,620
2023	$242,150	$347,813	$2,562,264	$-105,663
2022	$628,536	$339,633	$2,432,424	$288,903
2021	$601,474	$244,246	$2,810,298	$357,228
2020	$95,349	$226,362	$2,151,242	$-131,013
2019	$221,272	$217,882	$2,047,523	$3,390
2018	$1,063,624	$238,312	$2,046,314	$825,312

THE MUNICIPAL BAND OF CHARLOTTESVILLE INC