THE CHOIR SCHOOL OF DELAWARE INC (EIN 205486245) - 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

2006

Legal Domicile

Principal Officer

GRANT FARMER

Phone

3025438657

Tax Period

2023-08-01 to 2024-07-31

THE CHOIR SCHOOL OF DELAWARE INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $894K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE MUSIC AND ACADEMIC INSTRUCTION TO YOUTH, WITHOUT REGARD TO THEIR RELIGIOUS AFFILIATION, EMPHASIZING EXCELLENCE IN THE RECITAL HALL AS WELL AS IN STUDENTS' LIVES, AND TO INSTILL IN THEM THE QUALITIES OF DISCIPLINE, RESPONSIBILITY, LEADERSHIP AND TEAMWORK.

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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 $858,415

Program Service Revenue $35,768

Investment Income $23

Other Revenue $0

TOTAL REVENUE $894,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,531

Fundraising Expenses $52,477

Program Expenses $673,449

Other Expenses $373,078

TOTAL EXPENSES $874,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$894,206	$665,205	+0.3%
Expenses	$874,609	$1,233,374	-0.3%
Net Income	$19,597	$-568,169	-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

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

$32,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TABE MASE	PRESIDENT	3.00	Officer Director	$0	$0	$0
DR ROSANNE FOLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN FLINT	TREASURER	3.00	Officer Director	$0	$0	$0
EMERY ABDEL-LATIF	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DR DARRYL ROLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD WADMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TISHENA MOSS MBA	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN OSBUN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN THOMAS-HOLDER PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LARK N BALL	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER GORDON	RETIRED, BOARD MEMBER	1.00	Director	$0	$0	$0
SHERIDAN WILLIAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GRANT FARMER	EXECUTIVE DIRECTOR (EFF 8/24)	40.00	Officer	$0	$0	$0
BRITTNEY STANTON	EXECUTIVE DIRECTOR (THRU 3/24)	1.00	Officer	$29,791	$3,199	$32,990

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
2024	$894,206	$874,609	$399,054	$19,597
2023	$665,205	$1,233,374	$403,136	$-568,169
2022	$1,134,479	$1,367,631	$869,043	$-233,152
2021	$1,493,529	$919,374	$1,170,051	$574,155
2020	$701,660	$659,828	$477,580	$41,832
2019	$432,508	$730,251	$331,261	$-297,743
2018	$907,895	$594,431	$675,981	$313,464

THE CHOIR SCHOOL OF DELAWARE INC