B H MUSIC CENTER (EIN 911704263) - 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

1995

Legal Domicile

Principal Officer

LESLIE JACKSON CHIHULY

Phone

2062154700

Tax Period

2023-09-01 to 2024-08-31

B H MUSIC CENTER, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 20% operating margin.

Mission

TO PRESERVE AND PROTECT BENAROYA HALL FOR THE SEATTLE SYMPHONY AND OTHER ARTS AND CULTURAL ORGS.

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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 $5,611,303

Program Service Revenue $2,244,532

Investment Income $18,817

Other Revenue $410,726

TOTAL REVENUE $8,285,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,136,274

Fundraising Expenses $228,000

Program Expenses $6,038,857

Other Expenses $5,523,783

TOTAL EXPENSES $6,660,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,285,378	$6,557,492	+0.3%
Expenses	$6,660,057	$5,877,046	+0.1%
Net Income	$1,625,321	$680,446	+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

$871,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE JACKSON CHIHULY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GARY HOULAHAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KJRISTINE LUND	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM DUNCAN	TREASURER	2.00	Officer Director	$0	$0	$0
DWIGHT DIVELY	DIRECTOR	2.00	Director	$0	$0	$0
NANCY B EVANS	DIRECTOR THRU 01/24	2.00	Director	$0	$0	$0
SHAWN HARMON	DIRECTOR THRU 04/24	2.00	Director	$0	$0	$0
JEAN-FRANCOIS HEITZ	DIRECTOR	2.00	Director	$0	$0	$0
MARK REDDINGTON	DIRECTOR	2.00	Director	$0	$0	$0
YUKA SHIMIZU	DIRECTOR	2.00	Director	$0	$0	$0
KRISHNA THIAGARAJAN	PRESIDENT & CEO	1.00	Officer	$0	$47,922	$555,588
CHERONNE WONG	CFO & BENAROYA HALL COO	5.00	Officer	$0	$37,939	$315,611
JEFFREY VAUGHAN	FACILITIES DIRECTOR	40.00	Highest	$129,728	$39,672	$169,400

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
2024	$8,285,378	$6,660,057	$56,601,974	$1,625,321
2023	$6,557,492	$5,877,046	$54,072,398	$680,446
2022	$2,437,991	$6,133,168	$54,153,096	$-3,695,177
2021	$1,813,367	$5,270,887	$58,847,993	$-3,457,520
2020	$1,629,830	$5,482,957	$60,522,561	$-3,853,127
2019	$2,582,719	$5,954,375	$63,650,647	$-3,371,656
2018	$2,423,952	$5,547,065	$62,407,994	$-3,123,113

B H MUSIC CENTER