BREVARD MUSIC CENTER INCORPORATED

EIN: 560729350 501(c)(3)

Brevard, NC

Total Revenue
$12,498,572
Total Expenses
$9,219,961
Total Assets
$67,385,532
Net Assets
$61,975,120
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NC
Phone
8288622100
Tax Period
2023-01-01 to 2023-12-31

BREVARD MUSIC CENTER INCORPORATED, founded in 1947, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 26% operating margin.

Mission

Brevard Music Center, a summer institute and festival, teaches gifted young musicians to prepare and perform great musical works at a high artistic level.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,646,710
Program Service Revenue $4,197,087
Investment Income $3,378,795
Other Revenue $275,980
TOTAL REVENUE $12,498,572

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,897,649
Fundraising Expenses $704,824
Program Expenses $7,050,896
Other Expenses $5,322,312
TOTAL EXPENSES $9,219,961

Year-over-Year Comparison

2023 2022 Change
Revenue $12,498,572 $10,243,958 +0.2%
Expenses $9,219,961 $6,540,952 +0.4%
Net Income $3,278,611 $3,703,006 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
28
Independent Members
28
Employees
268
Volunteers
250

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
7
$838,231
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD CHAIR 3.0
Officer Director
$0 $0 $0
N/A SECRETARY 3.0
Officer Director
$0 $0 $0
N/A BOARD VICE-CHAIR 3.0
Officer Director
$0 $0 $0
N/A BOARD TREASURER 3.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A BOARD MEMBER 3.0
Director
$0 $0 $0
N/A VICE-PRESIDENT 40.0
Officer
$173,414 $31,144 $204,558
N/A CHIEF FINANCIAL OFFICER 40.0
Officer
$162,507 $21,856 $184,363
N/A PRESIDENT 40.0
Officer
$435,000 $14,310 $449,310
N/A ADVANCEMENT OFFICER 40.0
Highest
$110,359 $13,473 $123,832
N/A SR DIRECTOR OF DEVELOPMENT 40.0
Highest
$161,000 $22,538 $183,538
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 $12,498,572 $9,219,961 $67,385,532 $3,278,611
2022 $10,243,958 $8,550,358 $62,820,659 $1,693,600
2021 $12,354,771 $5,669,739 $69,609,976 $6,685,032
2020 $6,821,631 $3,764,261 $61,866,032 $3,057,370
2019 $9,911,766 $8,107,016 $54,225,428 $1,804,750
2018 $11,718,804 $9,110,067 $44,370,966 $2,608,737
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BREVARD MUSIC CENTER INCORPORATED with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.