HARTFORD CHORALE INC

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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

1972

Legal Domicile

Principal Officer

LALITHA SHIVASWAMY

Phone

8605471982

Tax Period

2023-07-01 to 2024-06-30

HARTFORD CHORALE INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $235K in total revenue in fiscal year 2023. Expenses of $223K left a modest 5% surplus.

Mission

HARTFORD CHORALE, INC. IS A VOLUNTEER-BASED, NOT-FOR-PROFIT ORGANIZATION, AND SERVES AS THE PRIMARY SYMPHONIC CHORUS FOR THE GREATER HARTFORD COMMUNITY. THE CHORALE PROVIDES EXPERIENCED, TALENTED SINGERS WITH THE OPPORTUNITY TO STUDY AND PERFORM AT A PROFESSIONAL LEVEL OF MUSICIANSHIP THROUGH ITS CONCERTS AND COLLABORATIONS WITH THE HARTFORD SYMPHONY ORCHESTRA AND OTHER ORGANIZATIONS. THE CHORALE SEEKS TO REACH AND INSPIRE THE WIDEST POSSIBLE AUDIENCE WITH EXCEPTIONAL PERFORMANCES OF A BROAD RANGE OF CHORAL LITERATURE, INCLUDING RENOWNED CHORAL MASTERPIECES.

Program Service Accomplishments

Program 1

Expenses: $136,543

TO PROVIDE MEANS FOR THE GREATER HARTFORD COMMUNITY TO PARTICIPATE IN PRESENTING CHORAL MUSIC AND TO REACH A WIDESPREAD AUDIENCE WITH A BROAD RANGE OF MUSIC.

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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 $222,195

Program Service Revenue $0

Investment Income $5,822

Other Revenue $7,408

TOTAL REVENUE $235,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,150

Fundraising Expenses $0

Program Expenses $136,543

Other Expenses $142,102

TOTAL EXPENSES $223,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,425	$243,954	0.0%
Expenses	$223,252	$247,925	-0.1%
Net Income	$12,173	$-3,971	-4.1%

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

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

120

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
LALITHA SHIVASWAMY	PRESIDENT	N/A	Officer Director	$0	$0	$0
SUSAN ADAMS	EXEC VP & VP	N/A	Officer Director	$0	$0	$0
STEWART BATTLE	SECRETARY	N/A	Officer Director	$0	$0	$0
EDWIN BELOW	VP ARTISTIC	N/A	Officer Director	$0	$0	$0
JOAN HULTQUIST	VP DEVELOPME	N/A	Officer Director	$0	$0	$0
CHARLES CHAMBERLAIN	CO-VP FINANC	N/A	Officer Director	$0	$0	$0
SAYOKO DAVENPORT	CO-VP FINANC	N/A	Officer Director	$0	$0	$0
FRED BAKER	VP MARKETING	N/A	Officer Director	$0	$0	$0
GREG BENOIT	CO-VP MEMBER	N/A	Officer Director	$0	$0	$0
STEPHEN COTTLE	CO-VP MEMBER	N/A	Officer Director	$0	$0	$0
KRISTEN FALLON	DIRECTOR	N/A	Director	$0	$0	$0
DAWN HANEY BAUER	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD WILSON	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH FLYNN	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW GARETTO	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN R GOLD	DIRECTOR	N/A	Director	$0	$0	$0
JOANNE HUELSMAN	DIRECTOR	N/A	Director	$0	$0	$0
ADLYN LOEWENTHAL	DIRECTOR	N/A	Director	$0	$0	$0
DIANE LINK	DIRECTOR	N/A	Director	$0	$0	$0
JANET STONE	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD TECCA	DIRECTOR	N/A	Director	$0	$0	$0
JERMAINE O WOODARD JR	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH CORAY	DIRECTOR	N/A	Director	$0	$0	$0
SARAH ARMSTRONG	EXECUTIVE DI	N/A	Officer 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	$235,425	$223,252	$210,659	$12,173
2023	$243,954	$247,925	$190,410	$-3,971
2022	$252,709	$263,125	$181,614	$-10,416
2021	$127,204	$102,897	$213,468	$24,307
2020	$151,421	$154,870	$174,246	$-3,449
2019	$177,181	$233,681	$137,161	$-56,500