Chamber Music Amarillo

EIN: 752822087 501(c)(3)

Amarillo, TX

Total Revenue
$193,092
Total Expenses
$163,314
Total Assets
$369,479
Net Assets
$361,103
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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
1998
Legal Domicile
TX
Principal Officer
David Palmer
Phone
8062363545
Tax Period
2019-07-01 to 2020-06-30

Chamber Music Amarillo, founded in 1998, is a small nonprofit that reported $193K in total revenue in fiscal year 2019. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 15% operating margin.

Mission

The advancement of the art of chamber music performances and its repertoire through concerts.

Program Service Accomplishments

Program 1
Expenses: $113,033 Revenue: $21,830

Regular chamber music performances; several special performances for public schools and medical patients; granting of musical higher education assistance.

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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 (2019)

Revenue Breakdown

Contributions & Grants $155,898
Program Service Revenue $21,830
Investment Income $2,719
Other Revenue $12,645
TOTAL REVENUE $193,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,183
Fundraising Expenses $4,155
Program Expenses $113,033
Other Expenses $126,131
TOTAL EXPENSES $163,314

Year-over-Year Comparison

2019 2018 Change
Revenue $193,092 $151,092 +0.3%
Expenses $163,314 $167,434 0.0%
Net Income $29,778 $-16,342 -2.8%
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
12
Independent Members
12
Employees
2
Volunteers
3

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Doan President 2.00
Officer Director
$0 $0 $0
Hillary Netardus Vice President 2.00
Officer Director
$0 $0 $0
Ellen Jones Treasurer 2.00
Officer Director
$0 $0 $0
Robert Hansen Member at large 2.00
Director
$0 $0 $0
Alejandra Attebury Member at large 1.00
Director
$0 $0 $0
Brandon Denney Member at large 1.00
Director
$0 $0 $0
Jessica Mallard Member at large 1.00
Director
$0 $0 $0
Kay Kennedy Secretary 1.00
Officer Director
$0 $0 $0
Joanna Wilson Member at large 1.00
Director
$0 $0 $0
Tom Nichols Member at large 1.00
Director
$0 $0 $0
Brian Pruitt Member at large 1.00
Director
$0 $0 $0
John Walker Member at large 1.00
Director
$0 $0 $0
Kevin Ball Member at large 1.00
Director
$0 $0 $0
Tim Winn Member at large 1.00
Director
$0 $0 $0
David Palmer Artistic Director 40.00
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
2020 $193,092 $163,314 $369,479 $29,778
2020 $75,718 $17,768 No data $57,950
2019 $151,092 $167,434 $320,693 $-16,342
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