CHAMBER MUSIC TULSA

EIN: 736103140 501(c)(3) Arts, Culture & Humanities

TULSA, OK

Total Revenue
$941,046
Total Expenses
$534,056
Total Assets
$4,787,849
Net Assets
$4,724,197
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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
1954
Legal Domicile
OK
Principal Officer
KIM SMITH
Phone
9185873802
Tax Period
2024-07-01 to 2025-06-30

CHAMBER MUSIC TULSA, founded in 1954, is a small nonprofit in the Arts, Culture & Humanities sector that reported $941K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $407K, a strong 43% operating margin.

Mission

TO SHARE THE EXPERIENCE OF CHAMBER MUSIC THROUGH LIVE PERFORMANCE AND COMMUNITY ENGAGEMENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $450,548
Program Service Revenue $67,745
Investment Income $422,753
Other Revenue $0
TOTAL REVENUE $941,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,435
Fundraising Expenses $55,702
Program Expenses $359,507
Other Expenses $347,621
TOTAL EXPENSES $534,056

Year-over-Year Comparison

2024 2023 Change
Revenue $941,046 $567,389 +0.7%
Expenses $534,056 $532,817 +0.0%
Net Income $406,990 $34,572 +10.8%
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

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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
30

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
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE SORRELL EXECUTIVE DI 40.00
Officer
$0 $0 $0
KIM SMITH PRESIDENT 2.00
Officer Director
$0 $0 $0
STEPHANIE FORREST VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JASON SIMPSON TREASURER 2.00
Officer Director
$0 $0 $0
LIBBY SUBLETT SECRETARY 2.00
Officer Director
$0 $0 $0
APRYL LEGGETT BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL CORNELIUS OCH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID NICKLOY BOARD MEMBER 1.00
Director
$0 $0 $0
ISAAC SHEETS BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN GERETY BOARD MEMBER 1.00
Director
$0 $0 $0
KYM MORELLA BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL HANEY BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT BABCOCK BOARD MEMBER 1.00
Director
$0 $0 $0
ROGER COLLIER BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT GREGORY BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT MURTHA BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM FERRARA BOARD MEMBER 1.00
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 $941,046 $534,056 $4,787,849 $406,990
2024 $567,389 $532,817 $4,347,803 $34,572
2023 $427,346 $434,119 $4,116,742 $-6,773
2022 $521,022 $407,889 $3,899,408 $113,133
2021 $836,089 $285,353 $4,637,759 $550,736
2020 $489,156 $436,954 $3,552,222 $52,202
2019 $510,794 $452,435 $3,691,582 $58,359
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