InterMusic SF

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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

1998

Legal Domicile

Principal Officer

Cory Combs

Phone

4158182825

Tax Period

2022-07-01 to 2023-06-30

InterMusic SF, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

InterMusic SF is dedicated to sustaining and nourishing the Bay Area creative environment by offering dynamic programming and vital resources for music creators and audience members.

Program Service Accomplishments

Program 1

Expenses: $109,463 Revenue: $0

The Musical Grant Program assists professional ensembles and individuals in the San Francisco Bay Area. Through a competitive selection process, the Program provides financial support for artistic...

The Musical Grant Program assists professional ensembles and individuals in the San Francisco Bay Area. Through a competitive selection process, the Program provides financial support for artistic endeavors fostering small ensemble music in all its diversity. Awards are granted to ensembles, composers or presenters with well-conceived projects that bring awardees to a new level of achievement. In its ten cycles to date, the program has granted a total of more than $746,000 for 256 different projects, with a tremendous impact for awardees and audiences alike, resulting in a rich variety of commissioned new works, performances, and recordings.

Program 2

Expenses: $144,783 Revenue: $0

SF Music Day is an annual day-long event that showcases live performances by some of the San Francisco Bay Area's finest professional ensembles. Audiences of all ages and backgrounds have the...

SF Music Day is an annual day-long event that showcases live performances by some of the San Francisco Bay Area's finest professional ensembles. Audiences of all ages and backgrounds have the opportunity to experience-some for the first time-the excitement of new works and classic chamber music repertoire absolutely free of charge.

Program 3

Expenses: $675,173 Revenue: $0

InterMusic SF supports and assists emerging and existing professional chamber ensembles and presenters. - The Fiscal Sponsorship Program provides fiscal sponsorship, free career development workshops (also open to the community at large), performance and education opportunities, and the in-demand service of one-on-one mentoring to over 100 ensembles currently, comprising over 380 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 (2022)

Revenue Breakdown

Contributions & Grants $1,053,558

Program Service Revenue $2,431

Investment Income $3,508

Other Revenue $-1,690

TOTAL REVENUE $1,057,807

Expense Breakdown

Grants Paid $697,098

Salaries & Benefits $365,161

Fundraising Expenses $132,672

Program Expenses $929,419

Other Expenses $206,973

TOTAL EXPENSES $1,269,232

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,057,807	$955,452	+0.1%
Expenses	$1,269,232	$872,926	+0.5%
Net Income	$-211,425	$82,526	-3.6%

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

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

$124,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Bukstein	President	10.00	Officer Director	$0	$0	$0
Tom Stone	Vice-President	4.00	Officer Director	$0	$0	$0
Roy Bukstein	Treasurer	3.00	Officer Director	$0	$0	$0
Joanne De Phillips	Board Member	2.00	Director	$0	$0	$0
Martin Gellen	Board Member	2.00	Director	$0	$0	$0
Sigrid Anderson-Kwun	Board Member	2.00	Director	$0	$0	$0
Susan Larson	Board Member	2.00	Director	$0	$0	$0
James T Leak	Board Member	2.00	Director	$0	$0	$0
Marshall Lamm	Board Member	2.00	Director	$0	$0	$0
Destiny Muhammad	Board Member	2.00	Director	$0	$0	$0
Cory Combs	Executive Director	40.00	Officer	$124,175	$0	$124,175

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	No data	No data	No data
2023	$1,057,807	$1,269,232	$557,332	$-211,425
2022	$955,452	$872,926	$752,044	$82,526
2021	$593,414	$631,626	$727,840	$-38,212
2020	$734,060	$696,629	$731,536	$37,431
2019	$564,587	$601,594	$503,689	$-37,007