GREENWICH CHORAL SOCIETY INC (EIN 066036343) - 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

1924

Legal Domicile

Principal Officer

William Larrabee

Phone

2036225136

Tax Period

2023-07-01 to 2024-06-30

GREENWICH CHORAL SOCIETY INC, founded in 1924, is a small nonprofit in the Arts, Culture & Humanities sector that reported $241K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

The organization strives to enrich the community's appreciation of music through performances of the highest quality and through educational programs that seek to nurture future singers and audiences alike.

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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 $129,990

Program Service Revenue $94,676

Investment Income $16,307

Other Revenue $0

TOTAL REVENUE $240,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,209

Fundraising Expenses $0

Program Expenses $171,858

Other Expenses $209,912

TOTAL EXPENSES $245,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,973	$305,595	-0.2%
Expenses	$245,121	$270,698	-0.1%
Net Income	$-4,148	$34,897	-1.1%

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

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
William Fulton	Registrar/Music Liaison	2	Director	$0	$0	$0
William Larrabee	Treasurer	6	Officer Director	$0	$0	$0
Ellen Vassallo	VP Development	2	Director	$0	$0	$0
Susan Eytel	VP Administration	1	Director	$0	$0	$0
Bruce Martin	VP Information Technology	1	Director	$0	$0	$0
Karen Juul	MAL Music Librarian	1	Director	$0	$0	$0
Anne Marie Hynes	MAL Special Projects	1	Director	$0	$0	$0
Tom Casper	VP Concert Logistics	1	Director	$0	$0	$0
Joanne Falinski	Chairperson	6	Officer Director	$0	$0	$0
Fred Volkwein	President	6	Officer Director	$0	$0	$0
Linda Broudy	Secretary	4	Officer Director	$0	$0	$0
Sam Deibler	VP Marketing	1	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	$240,973	$245,121	$419,735	$-4,148
2023	$305,595	$270,698	$387,610	$34,897
2022	$213,671	$205,762	$354,333	$7,909
2021	$124,951	$108,683	$412,097	$16,268

GREENWICH CHORAL SOCIETY INC