BACH AKADEMIE CHARLOTTE INC

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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

2017

Legal Domicile

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

Dedicated to rigorous scholarship and performance that inspires, Bach Akademie Charlotte advances the spirit of community through the legacy of Johann Sebastian Bachs transformational music.

Program Service Accomplishments

Program 1

Expenses: $141,477 Revenue: $55,094

The 2024 Charlotte Bach Festival brought together leading practioners in the field of historically informed performance of early music for a nine-day celebration of music, consisting of 13 separate events with a total of 1,700 ticketed patrons. Major works included Vivaldi's Four Seasons, and the Monteverdi Vespers of 1610.

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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 $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

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

$37,200

Total Directors

$9,100

Key Employees

Highest Compensated

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