NEW YORK CHORAL SOCIETY INC

EIN: 136103602 501(c)(3)

NEW YORK, NY

Total Revenue
$840,965
Total Expenses
$837,232
Total Assets
$425,209
Net Assets
$352,131
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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
1958
Legal Domicile
NY
Principal Officer
GARY PAI
Phone
2122891262
Tax Period
2023-06-01 to 2024-05-31

NEW YORK CHORAL SOCIETY INC, founded in 1958, is a small nonprofit that reported $841K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

OUR MISSION AT THE NEW YORK CHORAL SOCIETY IS TO ENRICH THE CULTURAL LIFE OF THE NEW YORK COMMUNITY BY SHARING WITH OUR AUDIENCES A RICH VARIETY OF CHORAL MUSIC FROM CLASSIC TO CONTEMPORARY PIECES, INCLUDING NEWLY COMMISSIONED WORKS, PERFORMED WITH PROFESSIONAL ORCHESTRA AND SOLOISTS - FOSTERING INTEREST AND PARTICIPATION IN CHORAL MUSIC THROUGH EDUCATION AND COMMUNITY OUTREACH, ESPECIALLY FOR CHILDREN IN THE NEW YORK METROPOLITAN AREA - ACTING AS CHORAL MUSIC AMBASSADORS FOR THE PURPOSE OF CULTURAL EXCHANGE AT HOME AND ABROAD - PROVIDING OUR SINGERS WITH CHALLENGING, DIVERSE, AND JOYFUL SINGING EXPERIENCES THAT ENABLE THEM TO CONTRIBUTE TO THE CULTURAL LIFE OF THE NEW YORK COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $755,233
Program Service Revenue $83,403
Investment Income $17
Other Revenue $2,312
TOTAL REVENUE $840,965

Expense Breakdown

Grants Paid $0
Salaries & Benefits $178,197
Fundraising Expenses $17,955
Program Expenses $694,651
Other Expenses $659,035
TOTAL EXPENSES $837,232

Year-over-Year Comparison

2023 2022 Change
Revenue $840,965 $761,245 +0.1%
Expenses $837,232 $448,801 +0.9%
Net Income $3,733 $312,444 -1.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY PAI CHAIRMAN 1.00
Officer Director
$0 $0 $0
CARL M ELLISON TRUSTEE 1.00
Director
$0 $0 $0
KAREN ARTZ ASH TRUSTEE 1.00
Director
$0 $0 $0
JOANNA A GROSSMAN TRUSTEE 1.00
Director
$0 $0 $0
COREY KINGER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL F COLOSI CHAIRMAN EMERITUS 1.00
Officer Director
$0 $0 $0
MICHAEL ROOS TRUSTEE 1.00
Director
$0 $0 $0
DAVID MUNKITTRICK SECRETARY 1.00
Director
$0 $0 $0
DARIN ARITA TREASURER 1.00
Director
$0 $0 $0
ROBERT CARPENTER TRUSTEE 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 $840,965 $837,232 $425,209 $3,733
2023 $761,245 $448,801 $436,555 $312,444
2022 $339,861 $328,357 $110,261 $11,504
2021 $286,761 $281,139 $117,337 $5,622
2020 $423,298 $422,750 $55,298 $548
2019 $447,892 $525,954 $52,360 $-78,062
2018 $512,906 $585,028 $132,853 $-72,122
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