Carmel Bach Festival Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

Cyril Yansouni

Phone

8316241521

Tax Period

2023-01-01 to 2023-12-31

Carmel Bach Festival Inc, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

Carmel Bach Festival offers innovative artistic programming across all concerts, off-season activities to expand access outside Carmel and the Monterey Peninsula, and is taking strategic risks to cultivate younger and more diverse participants.

Program Service Accomplishments

Program 1

Expenses: $2,633,668 Revenue: $603,015

The Carmel Bach Festival celebrates the works, inspiration and ongoing influence of Johann Sebastian Bach worldwide by immersing audiences in a festival experience integrating music, education and...

The Carmel Bach Festival celebrates the works, inspiration and ongoing influence of Johann Sebastian Bach worldwide by immersing audiences in a festival experience integrating music, education and ideas.The Carmel Bach Festival is recognized as a world class festival of music and ideas inspired by the historical and ongoing influence of Johann Sebastian Bach. Transcending the traditional boundaries of performance and presentation, the Carmel Bach Festival provides fresh contexts of relevance that enable listeners to experience beauty and wonder, sparking the imagination, stimulating conversation, and enriching lives in unpredictable ways.

Program 2

The Festivals programming is shaped within a multi-disciplinary framework that intersects its primary musical focus with the worlds of science, religion, literature and art, and with other...

The Festivals programming is shaped within a multi-disciplinary framework that intersects its primary musical focus with the worlds of science, religion, literature and art, and with other performance genres, celebrating the inherent opportunities to educate, enrich, and inspire.The Carmel Bach Festival re-connects with Carmels roots as a hotbed of social culture and a world famous art colony that was host to writers, poets, artists, and musicians.

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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 $2,171,668

Program Service Revenue $603,015

Investment Income $-91

Other Revenue $106,495

TOTAL REVENUE $2,881,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,857,715

Fundraising Expenses $142,029

Program Expenses $2,633,668

Other Expenses $1,364,466

TOTAL EXPENSES $3,222,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,881,087	$2,641,760	+0.1%
Expenses	$3,222,181	$2,948,684	+0.1%
Net Income	$-341,094	$-306,924	+0.1%

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

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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

150

Volunteers

158

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

$226,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Friedlander	Exec Director	40.00	Officer	$152,432	$0	$152,432
Jill Firestone	Controller	30.00	Officer	$74,222	$0	$74,222
Cyril Yansouni	President	2.00	Officer Director	$0	$0	$0
Sandie Borthwick	1st Vice Pres.	2.00	Officer Director	$0	$0	$0
Cristofer Cabanillas	2nd Vice Pres.	2.00	Officer Director	$0	$0	$0
Leslie Mulford	Secretary	2.00	Officer Director	$0	$0	$0
Patricia Eastman	Treasurer	2.00	Officer Director	$0	$0	$0
Bob Axley	Director	2.00	Director	$0	$0	$0
Susan Bjerre	Director	2.00	Director	$0	$0	$0
Juanita Cole	Director	2.00	Director	$0	$0	$0
Anne Cardone	Director	2.00	Director	$0	$0	$0
Alan Carlson	Director	2.00	Director	$0	$0	$0
Lena Clark	Director	2.00	Director	$0	$0	$0
Dan Cooperman	Director	2.00	Director	$0	$0	$0
Ben J Heinrich	Director	2.00	Director	$0	$0	$0
John Young	Director	2.00	Director	$0	$0	$0
Constance Irish-Hess	Director	2.00	Director	$0	$0	$0
Christine Kemp	Director	2.00	Director	$0	$0	$0
Susan Lansbury	Director	2.00	Director	$0	$0	$0
Eduardo Ochoa	Director	2.00	Director	$0	$0	$0
Melanie Silva	Director	2.00	Director	$0	$0	$0
Tim Smucker	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
2024	No data	No data	No data	No data
2023	$1,940,715	$3,242,675	$843,914	$-1,301,960
2023	$2,881,087	$3,222,181	$817,962	$-341,094
2022	$2,641,760	$2,948,684	$1,130,862	$-306,924
2021	$2,099,477	$1,828,244	$1,675,160	$271,233
2020	$1,399,413	$1,270,753	$1,158,793	$128,660
2019	$2,599,780	$2,372,240	$895,125	$227,540
2019	$2,599,780	$2,372,240	$895,125	$227,540
2018	$2,236,294	$2,280,587	$539,672	$-44,293
2017	$2,225,265	$2,122,092	$477,731	$103,173