GREENSBORO, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EASTERN MUSIC FESTIVAL INC, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Expenses of $2.8M exceeded revenue, resulting in a 19% operating deficit.
THE EASTERN MUSIC FESTIVAL'S MISSION IS TO PROMOTE MUSICAL ENRICHMENT THROUGH A NATIONALLY-RECOGNIZED TEACHING PROGRAM, MUSIC FESTIVAL, CONCERTS AND OTHER PROGRAMS WHICH WILL ENHANCE THE QUALITY OF LIFE, HEALTH AND VITALITY OF OUR REGION.
OPERATED SUCCESSFULLY A FIVE-WEEK SUMMER CLASSICAL MUSIC SCHOOL FOCUSED ON MUSICAL REFLECTION AND GROWTH FOR MORE THAN 260 YOUNG MUSICIANS FROM THE US AND OTHER COUNTRIES. SCHOOL IS CONDUCTED...
OPERATED SUCCESSFULLY A FIVE-WEEK SUMMER CLASSICAL MUSIC SCHOOL FOCUSED ON MUSICAL REFLECTION AND GROWTH FOR MORE THAN 260 YOUNG MUSICIANS FROM THE US AND OTHER COUNTRIES. SCHOOL IS CONDUCTED ANNUALLY AND BEGINS APPROXIMATELY THE LAST WEEK OF JUNE THROUGH THE END OF JULY. STUDENTS BOARD AT GUILFORD COLLEGE ( A LOCAL INSTITUTE OF HIGHER EDUCATION ) AND THE SCHOOL IS CONDUCTED ON THE COLLEGE'S CAMPUS THROUGH 70 WORKSHOPS AND PERFORMANCES. STUDENTS PERFORM WITH FACULTY MUSICIANS AND TAKE CLASSES FROM THE FACULTY ACROSS 5 EDUCATIONAL PROGRAMS. ORCHESTRA, PIANO, EUPHONIUM/TUBA, CLASSICAL GUITAR, AND CONDUCTING AS WELL AS A STRING LEADERSHIP SEMINAR SERIES. THE STUDENTS PARTICIPATE AND PERFORM IN THE MUSIC FESTIVAL.
SUCCESSFULLY OPERATED A WORLD-RENOWNED SUMMER CLASSICAL MUSIC FESTIVAL DURING A FIVE-WEEK PERIOD IN THE SUMMER FOR THE TRIAD AND STATE OF NORTH CAROLINA COMMUNITY. THE SCHOOL CONDUCTS COMMUNITY...
SUCCESSFULLY OPERATED A WORLD-RENOWNED SUMMER CLASSICAL MUSIC FESTIVAL DURING A FIVE-WEEK PERIOD IN THE SUMMER FOR THE TRIAD AND STATE OF NORTH CAROLINA COMMUNITY. THE SCHOOL CONDUCTS COMMUNITY OUTREACH CONCERTS, MASTERCLASSES, RECITALS, THE EASTERN CHAMBER PLAYERS PERFORMANCE SERIES, THE YOUNG ARTIST ORCHESTRAS SERIES, THE EASTERN FESTIVAL ORCHESTRA SERIES, AND SIGNATURE PERFORMANCES WHICH HIGHLIGHT GUEST ARTISTS AND SPECIFIC EDUCATIONAL PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,342,964 | $2,225,216 | +0.1% |
| Expenses | $2,799,483 | $2,580,632 | +0.1% |
| Net Income | $-456,519 | $-355,416 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL CORBETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE STARR DENNY | DIRECTOR AND VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LOU ANNE FLANDERS-STEC | DIRECTOR AND TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| RONNIE S GRABON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY GWATKIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NOAH L HOCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JACQUELINE HUMPHREY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CATRIONA KYLE-RICE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BERNFRIED MESSNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR MICHAEL NORINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR KAMI ROWAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DABNEY SANDERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| D ALAN STEPHENS | DIRECTOR AND CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH HOLLEMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELANIE S TUTTLE | DIRECTOR AND SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA UNDERWOOD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH WARMATH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE MUHLENKAMP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DWYLA PEARSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CINDY WELLS | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| CHRISTOPHER SCOTT | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| VAISHALI SHAH | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| MELISSA WALLACE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER WILLIAMS | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$100,276 | $12,991 | $113,267 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,342,964 | $2,799,483 | $1,745,730 | $-456,519 |
| 2023 | $2,225,216 | $2,580,632 | $1,835,415 | $-355,416 |
| 2022 | $2,172,251 | $2,353,536 | $2,051,093 | $-181,285 |
Compare EASTERN MUSIC FESTIVAL INC with other nonprofits in North Carolina and across the country.