CHAMBER MUSIC RALEIGH INC (EIN 566062669) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

STEPHEN REYNOLDS

Tax Period

2023-07-01 to 2024-06-30

CHAMBER MUSIC RALEIGH INC, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $293K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 22% operating margin.

Mission

TO ENRICH AND CONNECT INDIVIDUALS IN THE GREATER RALEIGH COMMUNITY THROUGH INTIMATE AND EXCEPTIONAL CHAMBER MUSIC EXPERIENCES. WE ARE COMMITTED TO PRESENTING WORLD CLASS ARTISTS PERFORMING MUSIC OF THE HIGHEST CALIBER, PROVIDING PERFORMANCE SHOWCASES FOR NC ARTISTS.

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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 $193,980

Program Service Revenue $92,258

Investment Income $5,906

Other Revenue $500

TOTAL REVENUE $292,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,303

Fundraising Expenses $7,888

Program Expenses $199,718

Other Expenses $189,806

TOTAL EXPENSES $229,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,644	$189,342	+0.5%
Expenses	$229,109	$189,374	+0.2%
Net Income	$63,535	$-32	-1986.5%

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

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

$36,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAINE RIGGAN	EXECUTIVE DIRECTOR	20.00	Key Emp	$36,000	$0	$36,000
RAMACHANDRA REDDY	BOARD MEMBER	3.00	Director	$0	$0	$0
DAN PORPER	BOARD MEMBER	3.00	Director	$0	$0	$0
ED SZABO	BOARD MEMBER	3.00	Director	$0	$0	$0
TERRY ELIZABETH THOMPSON	BOARD MEMBER	3.00	Director	$0	$0	$0
JEFFREY KROLIK	BOARD MEMBER	3.00	Director	$0	$0	$0
MARY CRESIMORE	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHEN REYNOLDS	CHAIR	3.00	Officer	$0	$0	$0
ROBERT YOUNG	VICE CHAIR	3.00	Officer	$0	$0	$0
PEG OCONNELL	SECRETARYTREASURER	3.00	Officer	$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	$292,644	$229,109	$384,106	$63,535
2023	$292,644	$229,109	$384,106	$63,535
2018	$92,871	$109,601	$271,172	$-16,730

CHAMBER MUSIC RALEIGH INC