NORTH CAROLINA BAROQUE ORCHESTRA (EIN 842690097) - 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

2019

Legal Domicile

Principal Officer

CHARLES E LATHAM

Phone

7045600101

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA BAROQUE ORCHESTRA, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $294K in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 20% operating margin.

Mission

THE NORTH CAROLINA BAROQUE ORCHESTRA IS A PERIOD INSTRUMENT ENSEMBLE FORMED FOR THE PURPOSE OF PROVIDING ORCHESTRAL AND CHAMBER MUSIC OPPORTUNITIES FOR MUSICIANS SPECIALISING IN BAROQUE PERFORMANCE PRACTICE. THE ORCHESTRA MAINTAINS A GOAL OF PRESENTING REFINED, STYLIST, ARTISTIC AND FUN PERFORMANCES, ENGAGING BOTH THE PLAYERS AND THE LISTENERS IN STORIES AND HISTORICAL CONTEXT BEHIND THE MUSIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $141,086

Program Service Revenue $150,956

Investment Income $1,985

Other Revenue $0

TOTAL REVENUE $294,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $233,351

Other Expenses $236,020

TOTAL EXPENSES $236,020

Year-over-Year Comparison

	2025	2024	Change
Revenue	$294,027	$221,629	+0.3%
Expenses	$236,020	$229,715	+0.0%
Net Income	$58,007	$-8,086	-8.2%

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

$32,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA B KRUMDIECK	EXECUTIVE DI	25.00	Officer	$32,478	$0	$32,478
JANE CAIN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MILLER	SECRETARY	1.00	Officer	$0	$0	$0
CHARLES E LATHAM	TREASURER	1.00	Officer	$0	$0	$0
MARY LATHEM	DIRECTOR	1.00	Director	$0	$0	$0
MATT SHAUL	CHAIR ELECT	1.00	Officer	$0	$0	$0
PAUL KELLER	CHAIR	1.00	Officer	$0	$0	$0
MARYANNE MULHERN	DIRECTOR	1.00	Director	$0	$0	$0
ROB THOMAS	DIRECTOR	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	$294,027	$236,020	$140,767	$58,007
2024	$221,629	$229,715	$82,760	$-8,086
2023	$203,129	$154,968	$90,846	$48,161
2022	$229,838	$200,921	$42,685	$28,917

NORTH CAROLINA BAROQUE ORCHESTRA