RIDGECREST CHAMBER MUSIC SOCIETY

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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

2006

Legal Domicile

Principal Officer

Karen Haden

Phone

7603758634

Tax Period

2020-07-01 to 2021-06-30

RIDGECREST CHAMBER MUSIC SOCIETY, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $23K in total revenue in fiscal year 2020. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $8K, a strong 34% operating margin.

Mission

To provide education and awareness of the genre of chamber music. To provide high quality chamber music performances to the local communities. To provide programs in schools where professional musicians present a rich educational experience to students from local communities.

Program Service Accomplishments

Program 1

Expenses: $11,734 Revenue: $5,791

Providing high quality professional chamber music concerts to our desert commuinty and supporting the genre, "Chamber Music".

Program 2

Expenses: $1,600 Revenue: $0

Providing Classical Chamber Music educational programs to our local schools and community.

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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 (2020)

Revenue Breakdown

Contributions & Grants $17,064

Program Service Revenue $5,791

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,334

Other Expenses $15,106

TOTAL EXPENSES $15,106

Year-over-Year Comparison

	2020	2019	Change
Revenue	$22,855	$28,838	-0.2%
Expenses	$15,106	$29,287	-0.5%
Net Income	$7,749	$-449	-18.3%

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

N/A

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
Karen Haden	President	10	Officer Director	$0	$0	$0
Stuart Nissim	Vice President	2	Officer Director	$0	$0	$0
Dan Burnett	Treasurer	10	Officer Director	$0	$0	$0
Susan Parker	Secretary	3	Officer Director	$0	$0	$0
Jason Covert	Board Member	2	Director	$0	$0	$0
Bree Lewis	Board Member	0	Director	$0	$0	$0
Valerie Rogers	Board Member	2	Director	$0	$0	$0
Elaine Johnson	Board Member	2	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
2021	$22,855	$15,106	$26,119	$7,749