BEETHOVEN A NONPROFIT CORPORATION

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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

1994

Legal Domicile

Principal Officer

BRENDA BARNES

Phone

2062912960

Tax Period

2024-01-01 to 2024-06-30

Mission

TO ADVANCE THE APPRECIATION AND PERFORMANCE OF OPERA, SYMPHONIC MUSIC AND CHAMBER MUSIC IN THE PUGET SOUND AREA OF WASHINGTON STATE.

Program Service Accomplishments

Program 1

ADVANCE THE APPRECIATION AND PERFORMANCE OF OPERA, SYMPHONIC MUSIC AND CHAMBER MUSIC BY SUPPORTING THE SEATTLE OPERA, SEATTLE SYMPHONY AND ARTSFUND. BEETHOVEN, THROUGH A FOR-PROFIT SUBSIDIARY, OWNS KING-FM RADIO BROADCAST LICENSE, WHICH IS USED TO BRODCAST CLASSICAL MUSIC AND RELATED PROGRAMMING IN MARKETS CURRENTLY SERVED BY SEATTLE OPERA, SEATTLE SYMPHONY AND ARTSFUND. BY BROADCASTING BOTH PERFORMANCES AND PROGRAMMING PRODUCED BY SEATTLE OPERA, SEATTLE SYMPHONY, AND ARTSFUND, AND BY ADVANCING A BROADER APPRECIATION FOR THE PERFORMANCE OF CLASSICAL MUSIC, BEETHOVEN INCREASES AUDIENCES AND FINANCIAL SUPPORT FOR THE SUPPORTED ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,037

TOTAL EXPENSES $3,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$3,037	$5,508	-0.4%
Net Income	N/A	$-5,508	N/A

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

N/A

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

$229,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA BARNES	CEO/ASST TRE	1.00	Officer	$0	$7,752	$229,718
CHRISTOPHER BAYLEY	PRESIDENT EM	N/A	Officer Director	$0	$0	$0
DIANA CAREY	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN A CLIFFORD	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN COUGHLIN	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES DICKEY	DIRECTOR	N/A	Director	$0	$0	$0
JIM DUNCAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEVIN FOX	TREASURER	N/A	Officer Director	$0	$0	$0
DIANA GAO	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN L GRANT	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN HARMON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DOUGLAS JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
NEIL JORDAN	DIRECTOR	N/A	Director	$0	$0	$0
NAOMI MINEGISHI	DIRECTOR	N/A	Director	$0	$0	$0
JON ROSEN	SECRETARY	N/A	Officer Director	$0	$0	$0
MOYA VASQUEZ	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	No data	$3,037	$16,811,263	No data
2023	No data	$5,508	$16,811,263	No data
2022	No data	$7,657	$16,815,179	No data
2021	$5,000	$4,695	$16,810,856	$305
2020	No data	$4,779	$16,810,611	No data
2019	$1	$5,577	$16,815,304	$-5,576
2018	$2	$4,922	$16,810,880	$-4,920