The Chamber Orchestra of the Triangle

EIN: 561610461 501(c)(3)

Durham, NC

Total Revenue
$2,245,385
Total Expenses
$981,139
Total Assets
$2,985,477
Net Assets
$2,983,402
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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
1982
Legal Domicile
NC
Principal Officer
David Lindquist
Phone
9193356125
Tax Period
2023-07-01 to 2024-06-30

The Chamber Orchestra of the Triangle, founded in 1982, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 56% operating margin.

Mission

We provide concerts of classical music performed by a professional chamber orchestra. We encourage young people to learn about and enjoy classical music by providing free admission to all students.

Program Service Accomplishments

Program 1
Expenses: $916,841 Revenue: $103,169

We performed 14 live concerts. Approximately 55 musicians performed and total attendance was approximately 6,200 people.

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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 $2,000,340
Program Service Revenue $138,702
Investment Income $106,343
Other Revenue $0
TOTAL REVENUE $2,245,385

Expense Breakdown

Grants Paid $0
Salaries & Benefits $391,466
Fundraising Expenses $0
Program Expenses $916,841
Other Expenses $586,453
TOTAL EXPENSES $981,139

Year-over-Year Comparison

2023 2022 Change
Revenue $2,245,385 $1,113,634 +1.0%
Expenses $981,139 $748,613 +0.3%
Net Income $1,264,246 $365,021 +2.5%
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
15
Independent Members
15
Employees
9
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
5
$0
Total Directors
16
$73,320
Key Employees
1
$73,320
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andy MacCracken Chair 2.00
Officer Director
$0 $0 $0
Gretchen Hogg-O'Briant Vice Treasurer 2.00
Officer Director
$0 $0 $0
Chris Martin Vice Chair 2.00
Officer Director
$0 $0 $0
Phil Cooley Director 2.00
Director
$0 $0 $0
Fred Goldwater Treasurer 2.00
Officer Director
$0 $0 $0
Jeanette Cone Kimmel Director 2.00
Director
$0 $0 $0
Jung-Min Lee Director 2.00
Director
$0 $0 $0
Judith Yarbrough Secretary 2.00
Officer Director
$0 $0 $0
Niccolo Muti Executive Director 40.00
Director Key Emp Highest
$70,000 $3,320 $73,320
Florence Ko Director 2.00
Director
$0 $0 $0
Duncan Lascelles Director 2.00
Director
$0 $0 $0
Jennifer Mabie Director 2.00
Director
$0 $0 $0
Francine Warwick Director 2.00
Director
$0 $0 $0
Sarah Hill Director 2.00
Director
$0 $0 $0
Mary Flanagan Director 2.00
Director
$0 $0 $0
Frances Gravley Director 2.00
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 $2,245,385 $981,139 $2,985,477 $1,264,246
2023 $1,113,634 $748,613 No data $365,021
2022 $598,383 $537,006 No data $61,377
2022 $598,383 $537,006 No data $61,377
2021 $412,723 $328,871 $1,290,256 $83,852
2020 $637,810 $467,584 $1,226,262 $170,226
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