ARIZONA FRIENDS OF CHAMBER MUSIC (EIN 860683043) - 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

1948

Legal Domicile

Principal Officer

ALAN HERSHOWITZ

Phone

5205773769

Tax Period

2023-06-01 to 2024-05-31

ARIZONA FRIENDS OF CHAMBER MUSIC, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $635K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $548K left a modest 14% surplus.

Mission

EDUCATION OF GENERAL PUBLIC ABOUT CLASSICAL 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 (2023)

Revenue Breakdown

Contributions & Grants $318,272

Program Service Revenue $147,205

Investment Income $39,510

Other Revenue $130,098

TOTAL REVENUE $635,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,586

Fundraising Expenses $0

Program Expenses $435,408

Other Expenses $435,408

TOTAL EXPENSES $547,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$635,085	$400,813	+0.6%
Expenses	$547,994	$601,219	-0.1%
Net Income	$87,091	$-200,406	-1.4%

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

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

$35,927

Key Employees

$62,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAGMAR CUSHING	DIRECTOR	0.00	Director	$0	$0	$0
BRYAN DAUM	DIRECTOR	0.00	Director	$0	$0	$0
RANDY SPALDING	DIRECTOR	0.00	Director	$0	$0	$0
KAETY BYERLEY	SECRETARY	0.00	Officer Director	$0	$0	$0
IVAN UGORICH	DIRECTOR FINANCE	20.00	Director	$35,927	$0	$35,927
JUAN MEJIA	DIRECTOR	0.00	Director	$0	$0	$0
ELAINE ROUSSEAU	DIRECTOR	0.00	Director	$0	$0	$0
LESLIE TOLBERT	DIRECTOR	0.00	Director	$0	$0	$0
ALAN HERSHOWITZ	PRESIDENT	0.00	Officer	$0	$0	$0
PAUL ST JOHN	TREASURER	0.00	Officer	$0	$0	$0
LARRY HERRON	VICE-PRESIDENT	0.00	Officer	$0	$0	$0
CATHERINE ANDERSON	DIRECTOR OF OPERATIONS	40.00	Key Emp Highest	$62,500	$0	$62,500

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	$635,085	$547,994	$1,131,231	$87,091
2023	$400,813	$601,219	$979,742	$-200,406
2022	$434,592	$567,490	$1,259,691	$-132,898
2021	$426,152	$392,276	$1,320,095	$33,876
2020	$537,080	$518,216	$1,290,826	$18,864
2019	$406,024	$550,446	$1,440,819	$-144,422

ARIZONA FRIENDS OF CHAMBER MUSIC