BACH AKADEMIE CHARLOTTE INC

EIN: 822472670 501(c)(3)

CHARLOTTE, NC

Total Revenue
$284,143
Total Expenses
$211,626
Total Assets
$39,179
Net Assets
$39,179
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NC
Principal Officer
Elizabeth Lovell Dana Hindal
Tax Period
2023-07-01 to 2024-06-30

BACH AKADEMIE CHARLOTTE INC, founded in 2017, is a small nonprofit that reported $284K in total revenue in fiscal year 2023. The organization ran a surplus of $73K, a strong 26% operating margin.

Mission

Bach Akademie Charlotte is dedicated to advancing the spirit of community by presenting vital performances of and providing innovative educational opportunities about the music of Johann Sebastian Bach and his Baroque contemporaries. We believe everyone deserves the opportunity to experience the timeless insight into the shared human experience that Bachs music offers we are an Akademie for all.

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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 (2023)

Revenue Breakdown

Contributions & Grants $229,049
Program Service Revenue $55,094
Investment Income $0
Other Revenue $0
TOTAL REVENUE $284,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,475
Fundraising Expenses $0
Program Expenses $141,477
Other Expenses $123,151
TOTAL EXPENSES $211,626

Year-over-Year Comparison

2023 2022 Change
Revenue $284,143 $279,925 +0.0%
Expenses $211,626 $279,848 -0.2%
Net Income $72,517 $77 +940.8%
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
11
Independent Members
11
Employees
N/A
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
4
$37,200
Total Directors
16
$9,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Garrett Murphy Executive Director, Ex-Officio Board Member 25.00
Officer
$37,200 $0 $37,200
Cesar Alban Director 1.00
Director
$0 $0 $0
Peter Basone Director 1.00
Director
$0 $0 $0
Ralph Canfield Director 1.00
Director
$0 $0 $0
Kelvin Chang Director 1.00
Director
$0 $0 $0
Madhu Engineer Director 1.00
Director
$0 $0 $0
Joseph Few Director 3.00
Director
$0 $0 $0
John Gorman Treasurer 2.00
Officer Director
$0 $0 $0
Ray Lyles Director 1.00
Director
$0 $0 $0
Elizabeth Hindal President 12.00
Officer Director
$0 $0 $0
Reta Phifer Secretary 3.00
Officer Director
$0 $0 $0
Christopher Maurer Director 2.00
Director
$0 $0 $0
Katherine Porier Director 0.50
Director
$0 $0 $0
Kevin Key Director 2.00
Director
$0 $0 $0
Erin Gilson Director 1.00
Director
$0 $0 $0
Guy Fishman Director - Musician Representative 2.00
Director
$7,225 $0 $7,225
Arwen Myers Director - Musician Representative 2.00
Director
$1,875 $0 $1,875
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 $284,143 $211,626 $39,179 $72,517
2023 $279,925 $279,848 $-767 $77
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