B H Music Center
Nonprofit profile at a glance
- EIN
- 911704263
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Seattle, WA, USA
- Phone
- 2062154700
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $12,710,210
- Expenses
- $8,210,816
- Assets
- $60,525,277
- Liabilities
- $2,848,201
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- KRISHNA THIAGARAJAN (PRESIDENT & CEO)
- MARIA YANG (CEO & VP OF DEVELOPMENT)
Highest reported compensation
- KRISHNA THIAGARAJAN (PRESIDENT & CEO): $544,333 total reported compensation
- CHERONNE WONG (CFO & BENAROYA HALL COO): $323,806 total reported compensation
- MARIA YANG (CEO & VP OF DEVELOPMENT): $318,568 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To maintain a concert hall consisting of three auditoriums and gallery space for the seattle symphony orchestra and the region's performing arts and community groups.
What it reported doing in 2024
Maintained a facility, benaroya hall, as a concert hall for the seattle symphony orchestra and as a venue for musical performances, public meetings and events by other organizations including other artistic and community groups.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 71
- Accountability: 86
- Sustainability: 84
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.8%; rating input score 58
- Program expense ratio: 88.9%; rating input score 89
- Fundraising efficiency: $19.08 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 35.4%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 7.37; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 16th percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 57.8% of revenue deployed · 88.9% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.3M in reported program spending
- Leadership: top reported pay $544K · 14 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.1M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 56/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.