BLUE BEAR SCHOOL 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

1985

Legal Domicile

Principal Officer

STEVE SAVAGE

Phone

4156733600

Tax Period

2023-01-01 to 2023-12-31

BLUE BEAR SCHOOL of MUSIC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

BLUE BEAR SCHOOL OF MUSIC NONPROFIT MISSION IS TO PROVIDE SUPERIOR QUALITY AND AFFORDABLE POPULAR MUSIC EDUCATION TO ASPIRING MUSICIANS OF ALL AGES AND SKILL LEVELS WITHIN A SUPPORTIVE AND ENCOURAGING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $751,594 Revenue: $734,421

MUSIC PROGRAM: PRIVATE LESSONS, GROUP ADULT, LITTLE BEARS, AFTER SCHOOL Adult Programs - Most of the Corporation's group course students are adults with day jobs, people who want to have music be...

MUSIC PROGRAM: PRIVATE LESSONS, GROUP ADULT, LITTLE BEARS, AFTER SCHOOL Adult Programs - Most of the Corporation's group course students are adults with day jobs, people who want to have music be part of their lives but who are not planning to become professional musicians. 286 Adults particpated in 11-week group classes in 2023. Private Music Lessons in 2023 were offered to 444 adults and 187 youth taking guitar, piano, ukuklel, bass, drums and DJ-ing lessons.

Program 2

Expenses: $197,733 Revenue: $187,422

WORKSHOP PROGRAMS: BAND WORKSHOPS, ALL STAR BANDS, SUMMER CAMPS Summer camps in 2023 had 38 youths enrolled in week-long music day camps during the summer. Kids can be enrolled in Blue Bears...

WORKSHOP PROGRAMS: BAND WORKSHOPS, ALL STAR BANDS, SUMMER CAMPS Summer camps in 2023 had 38 youths enrolled in week-long music day camps during the summer. Kids can be enrolled in Blue Bears week-long music day camps which run Monday through Friday and include a special performance on Friday ending. The camp curriculum was designed by renowned educator and artist Bonnie Hayes. Adult band workshops had 33 young musicians rehearsed and performed in 7 bands. In 2023, 488 todlers and their parents were servced in parks and schools.

Program 3

Expenses: $257,391 Revenue: $172,241

OTHER PROGRAMS: Blue Bear music enrichment pgorams served over 400 youths in 2023 in the San Francisco area.

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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 $231,395

Program Service Revenue $1,058,732

Investment Income $31,488

Other Revenue $138,515

TOTAL REVENUE $1,460,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,192,466

Fundraising Expenses $124,449

Program Expenses $1,206,718

Other Expenses $606,395

TOTAL EXPENSES $1,798,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,460,130	$1,433,589	+0.0%
Expenses	$1,798,861	$1,481,799	+0.2%
Net Income	$-338,731	$-48,210	+6.0%

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

$76,648

Total Directors

$109,181

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SAVAGE PHD	PRESIDENT & ED	40.00	Officer Director	$76,648	$0	$76,648
JANAK RAMACHANDRAN	TRUSTEE	20.00	Director	$18,091	$0	$18,091
BONNIE HAYES	TRUSTEE	10.00	Director	$14,442	$0	$14,442
TOM OCONNELL	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
ARIEL SUTRO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WYETH COULTER	TREASURER	2.00	Officer Director	$0	$0	$0
CLAIRE COCHRAN	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE YARBROUGH	TRUSTEE	1.00	Director	$0	$0	$0
TRACY HAWKINS	TRUSTEE	1.00	Director	$0	$0	$0
ALISON MURDOCK	TRUSTEE	1.00	Director	$0	$0	$0
JIM PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
RENEE RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
JAY SHAH	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD STRAUSS	TRUSTEE	1.00	Director	$0	$0	$0
PAUL WINSTON	TRUSTEE	1.00	Director	$0	$0	$0
JAKE RANDALL	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$1,460,130	$1,798,861	$961,499	$-338,731
2022	$1,433,589	$1,481,799	$1,214,469	$-48,210
2021	$1,488,035	$1,223,204	$1,247,329	$264,831
2021	$1,488,034	$1,223,204	$1,247,328	$264,830
2020	$1,553,761	$1,479,352	$1,207,745	$74,409
2019	$1,674,392	$1,673,753	$1,619,021	$639
2018	$1,774,566	$1,818,218	$1,248,325	$-43,652