CARMEL MUSIC SOCIETY (EIN 946102547) - 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

1927

Legal Domicile

Principal Officer

Peter Thorp

Phone

8316259938

Tax Period

2023-07-01 to 2024-06-30

CARMEL MUSIC SOCIETY, founded in 1927, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $190K left a modest 10% surplus.

Mission

Carmel Music Society presents classical music performances since 1927 on the Monterey Peninsula and to foster the appreciation of music across the community. For the fiscal year ending 6 30 2021 there were no concerts because of Covid-19.

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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 $111,558

Program Service Revenue $53,910

Investment Income $45,855

Other Revenue $0

TOTAL REVENUE $211,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,691

Other Expenses $189,661

TOTAL EXPENSES $189,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,323	$192,530	+0.1%
Expenses	$189,661	$142,421	+0.3%
Net Income	$21,662	$50,109	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Thorp	President	20.00	Officer	$0	$0	$0
Victoria Davis	1st Vice President	1.00	Officer	$0	$0	$0
James Newman	Secretary	1.00	Officer	$0	$0	$0
Erik Dyar	Director	1.00	Director	$0	$0	$0
Barbara Ruzicka	Director	1.00	Director	$0	$0	$0
Lisa Prochazka	Director	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
2025	No data	No data	No data	No data
2024	$211,323	$189,661	$853,365	$21,662
2023	$192,530	$142,421	$807,093	$50,109
2022	$95,298	$150,889	$736,914	$-55,591
2021	$187,397	$26,253	$832,495	$161,144
2020	$149,833	$111,801	$620,358	$38,032
2019	$168,365	$161,414	$539,619	$6,951

CARMEL MUSIC SOCIETY