MASTERVOICES 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

1941

Legal Domicile

Principal Officer

JENNIFER COLLINS

Phone

6462029623

Tax Period

2024-07-01 to 2025-06-30

MASTERVOICES INC, founded in 1941, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO SPARK GREATER HUMAN CONNECTION THROUGH MUSICAL STORYTELLING, WITH PROFESSIONAL PERFORMANCES THAT BRING OUR DIVERSE VOLUNTEER CHORUS TOGETHER WITH WORLD CLASS ARTISTS FOR CONCERTS THAT REFLECT THE WORLD AROUND US AND REIMAGINE WHAT THE CHORAL EXPERIENCE CAN BE.

Program Service Accomplishments

Program 1

Expenses: $1,273,147 Revenue: $363,370

FY25 MARKED OUR 83RD SEASON. WE PRESENTED THREE FULL-SCALE CONCERTS ACROSS FOUR PERFORMANCES, WHICH PLAYED TO 88% CAPACITY AND SERVED OVER 5,000 ARTISTS AND AUDIENCE MEMBERS. CONCERTS INCLUDED THE...

FY25 MARKED OUR 83RD SEASON. WE PRESENTED THREE FULL-SCALE CONCERTS ACROSS FOUR PERFORMANCES, WHICH PLAYED TO 88% CAPACITY AND SERVED OVER 5,000 ARTISTS AND AUDIENCE MEMBERS. CONCERTS INCLUDED THE GERSHWIN GEM STRIKE UP THE BAND, FOR WHICH WE CREATED A NEW AND STREAMLINED SCRIPT AND SCORE IN PARTNERSHIP WITH THE AUTHORS' ESTATES; THE NYC PREMIERE OF A CONTEMPORARY OPERA, BLIND INJUSTICE, WHICH TOLD THE TRUE STORIES OF SIX WRONGLY INCARCERATED INDIVIDUALS WHO SERVED A COMBINED 117 YEARS IN PRISON; AND A FREE ONE-HOUR PRESENTATION OF SELECTIONS FROM JOHANN SEBASTIAN BACH'S IMMORTAL B- MINOR MASS, SET TO NEW TEXT. VENUES INCLUDED CARNEGIE HALL, ROSE THEATER AT JAZZ AT LINCOLN CENTER, AND ANNUNCIATION GREEK ORTHODOX CHURCH SANCTUARY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,351,295

Program Service Revenue $363,370

Investment Income $0

Other Revenue $-99,044

TOTAL REVENUE $1,615,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $705,223

Fundraising Expenses $161,017

Program Expenses $1,273,147

Other Expenses $999,220

TOTAL EXPENSES $1,704,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,615,621	$1,818,748	-0.1%
Expenses	$1,704,443	$1,774,592	0.0%
Net Income	$-88,822	$44,156	-3.0%

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

185

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

$135,339

Total Directors

Key Employees

$218,727

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIANA CHEN	DIRECTOR	1.00	Director	$0	$0	$0
JAN CONSTANTINE	CHAIR	6.00	Officer Director	$0	$0	$0
ELLEN MARCUS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN SHINE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH TUNICK	SECRETARY	2.00	Officer Director	$0	$0	$0
BRUCE PATRICK	TREASURER	2.00	Officer Director	$0	$0	$0
MARTINA ARROYO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN L BAKER	DIRECTOR	6.00	Director	$0	$0	$0
ANDRE BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHAN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH H HANNAN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH INNES	DIRECTOR	6.00	Director	$0	$0	$0
ROBERT JURGRAU	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN NENNER	DIRECTOR	2.00	Director	$0	$0	$0
LISA RUBIN	DIRECTOR	6.00	Director	$0	$0	$0
DEBORAH F STILES	DIRECTOR	1.00	Director	$0	$0	$0
ADELE K TALTY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
DINA VOZNIAK	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE CONWAY	DIRECTOR (AS OF 6/2025)	1.00	Director	$0	$0	$0
ALEXANDRA FRUGONE	DIRECTOR (THROUGH 11/2024)	1.00	Director	$0	$0	$0
ALIX ZACHARIAS	DIRECTOR (AS OF 10/2024)	1.00	Director	$0	$0	$0
JENNIFER COLLINS	EXECUTIVE DIRECTOR	40.00	Officer	$121,331	$14,008	$135,339
THEODORE E SPERLING	ARTISTIC DIRECTOR	30.00	Key Emp	$178,162	$40,565	$218,727

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	$1,615,621	$1,704,443	$461,008	$-88,822
2024	$1,818,748	$1,774,592	$671,268	$44,156
2023	$1,565,250	$1,613,386	$672,730	$-48,136
2022	$1,755,720	$1,679,150	$779,342	$76,570
2021	$1,172,695	$1,127,503	$591,015	$45,192
2020	$1,212,524	$1,147,635	$495,642	$64,889
2019	$1,689,619	$1,663,826	$367,624	$25,793
2018	$1,561,148	$1,496,773	$386,174	$64,375