Bellingham Festival of Music

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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

1993

Legal Domicile

Principal Officer

Ron Woodard

Phone

3602016621

Tax Period

2025-01-01 to 2025-12-31

Bellingham Festival of Music, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $770K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $732K left a modest 5% surplus.

Mission

To provide world class orchestra & chamber music concerts, master classes, educational rehearsals and other music education opportunities, and pre-concert lectures for audiences in the Pacific Northwest at an affordable price and/or for free.

Program Service Accomplishments

Program 1

Expenses: $678,450 Revenue: $769,991

The Bellingham Festival of Music assembled an orchestra of musicians from the major orchestras in North America, many of which hold the principal chair in their home orchestra. In addition, world...

The Bellingham Festival of Music assembled an orchestra of musicians from the major orchestras in North America, many of which hold the principal chair in their home orchestra. In addition, world class guest artists performed with the orchestra. Throughout the year the Festival supports robust music education programs and outreach in the local schools and community.

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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 $600,223

Program Service Revenue $171,380

Investment Income $22,378

Other Revenue $-23,990

TOTAL REVENUE $769,991

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $30,553

Program Expenses $678,450

Other Expenses $721,851

TOTAL EXPENSES $731,851

Year-over-Year Comparison

	2025	2024	Change
Revenue	$769,991	$818,588	-0.1%
Expenses	$731,851	$646,959	+0.1%
Net Income	$38,140	$171,629	-0.8%

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

175

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
Mary P Thuma	Treasurer	15.00	Director	$0	$0	$0
Karen Berry	Director	5.00	Director	$0	$0	$0
Sally Chapman	Director	8.00	Director	$0	$0	$0
Marti Caputi	Director	1.00	Director	$0	$0	$0
Ellen Pfeifer	Director	3.00	Director	$0	$0	$0
Jan Vereen	Director	8.00	Director	$0	$0	$0
Victor Costanzi	Director	3.00	Director	$0	$0	$0
Barbara Young	Secretary	6.00	Director	$0	$0	$0
John Harter	Director	1.00	Director	$0	$0	$0
Ron Woodard	Chair	3.00	Officer Director	$0	$0	$0
Jo Metcalfe	Director	2.00	Director	$0	$0	$0
Christopher Bianco	Director	1.00	Director	$0	$0	$0
Elizabeth Hampton	Director	2.00	Director	$0	$0	$0
Mark Deaton	Director	3.00	Director	$0	$0	$0
Leslie Wegley	Director	2.00	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	$769,991	$731,851	$904,538	$38,140
2024	No data	No data	No data	No data
2023	$574,823	$515,631	$699,613	$59,192
2022	$526,711	$492,058	$643,733	$34,653
2021	$318,862	$201,298	$600,350	$117,564
2020	$207,578	$105,896	$482,929	$101,682
2019	$498,314	$480,717	$391,221	$17,597
2018	$493,617	$489,743	$363,754	$3,874