Carmel Bach Festival Foundation Inc (EIN 770387306) - 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

1961

Legal Domicile

Principal Officer

Cyril Yansouni

Phone

8316241521

Tax Period

2023-01-01 to 2023-12-31

Carmel Bach Festival Foundation Inc, founded in 1961, is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2023. Expenses of $988K exceeded revenue, resulting in a 331% operating deficit.

Mission

The purpose of the Foundation is to develop, hold, manage, and distribute endowment funds for the Carmel Bach Festival, Inc. Additionally, the Foundation receives restricted contributions on behalf of the Festival.

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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 $0

Program Service Revenue $0

Investment Income $229,440

Other Revenue $0

TOTAL REVENUE $229,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $954,000

Other Expenses $987,857

TOTAL EXPENSES $987,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,440	$222,692	+0.0%
Expenses	$987,857	$457,258	+1.2%
Net Income	$-758,417	$-234,566	+2.2%

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
John Young	President	1.00	Officer Director	$0	$0	$0
Patricia Eastman	Treasurer	1.00	Officer Director	$0	$0	$0
Susan DuCoeur	Secretary	1.00	Officer Director	$0	$0	$0
Cyril Yansouni	Director	1.00	Director	$0	$0	$0
Jack Eugster	Director	1.00	Director	$0	$0	$0
Alan Lacy	Director	1.00	Director	$0	$0	$0
Nigel Lovett	Director	1.00	Director	$0	$0	$0
Dave Maddox	Director	1.00	Director	$0	$0	$0
William Sharpe	Director	1.00	Director	$0	$0	$0
John Young	Director	1.00	Director	$0	$0	$0
Steve Friedlander	Exec. Director	1.00	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
2024	No data	No data	No data	No data
2023	$229,440	$987,857	$6,683,808	$-758,417
2022	$222,692	$457,258	$6,689,334	$-234,566
2021	$315,067	$51,819	$8,243,393	$263,248
2020	$190,715	$39,896	$7,347,660	$150,819
2019	$179,504	$64,142	$6,541,044	$115,362
2019	$179,504	$64,142	$6,541,044	$115,362
2018	$2,440,990	$99,897	$5,606,838	$2,341,093
2017	$138,193	$94,238	$3,615,566	$43,955

Carmel Bach Festival Foundation Inc