THE MASTERWORK CHORUS INC

EIN: 223318693 501(c)(3) Arts, Culture & Humanities

MORRISTOWN, NJ

Total Revenue
$230,121
Total Expenses
$248,860
Total Assets
$126,929
Net Assets
$123,986
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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
1956
Legal Domicile
NJ
Phone
9736926051
Tax Period
2024-07-01 to 2025-06-30

THE MASTERWORK CHORUS INC, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $230K in total revenue in fiscal year 2024.

Mission

MASTERWORK IS DEDICATED TO ENRICHING AND SUPPORTING THE CULTURAL LIFE OF THE COMMUNITY THROUGH PROFESSIONAL-LEVEL CHORAL PERFORMANCES AND THE PROMOTION OF MUSIC EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $129,005
Program Service Revenue $89,850
Investment Income $11,266
Other Revenue $0
TOTAL REVENUE $230,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,551
Fundraising Expenses $0
Program Expenses $203,471
Other Expenses $170,309
TOTAL EXPENSES $248,860

Year-over-Year Comparison

2024 2023 Change
Revenue $230,121 $236,451 0.0%
Expenses $248,860 $235,108 +0.1%
Net Income $-18,739 $1,343 -15.0%
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
23
Independent Members
23
Employees
31
Volunteers
21

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
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE BECKER ASSIS.TREASURER 3.00
Director
$0 $0 $0
MARK FOX BOARD MEMBER 3.00
Director
$0 $0 $0
ALEXANDRA FITTIN BOARD MEMBER 3.00
Director
$0 $0 $0
JOANNE ROTH BOARD MEMBER 3.00
Director
$0 $0 $0
ELIZABETH ADAMS BOARD MEMBER 3.00
Director
$0 $0 $0
A PATRICIA BARTINIQUE BOARD MEMBER 3.00
Director
$0 $0 $0
MICHAEL HANNAN BOARD MEMBER 3.00
Officer Director
$0 $0 $0
VINCENT COSTA BOARD MEMBER 3.00
Director
$0 $0 $0
M KATHRYN DOUGLAS BOARD MEMBER 3.00
Director
$0 $0 $0
JULIANNE ARTS BOARD MEMBER 3.00
Director
$0 $0 $0
HELENE MILLAR BOARD MEMBER 3.00
Director
$0 $0 $0
RICHARD PERRY BOARD MEMBER 3.00
Director
$0 $0 $0
JAMES IMBRIACO BOARD MEMBER 3.00
Director
$0 $0 $0
DIANE HETTINGER President 3.00
Director
$0 $0 $0
JEFFREY KERR Treasurer 3.00
Officer Director
$0 $0 $0
SUSAN PETERSON BOARD MEMBER 3.00
Director
$0 $0 $0
PAMELA FEEHAN BOARD MEMBER 3.00
Director
$0 $0 $0
DONALD MACGOWAN BOARD MEMBER 3.00
Director
$0 $0 $0
DANA LAUDUCCI Vice President 3.00
Officer Director
$0 $0 $0
MEI-MIAU WU Secretary 3.00
Officer Director
$0 $0 $0
PETER TOURIAN BOARD MEMBER 3.00
Director
$0 $0 $0
MARTHA CARSON BOARD MEMBER 3.00
$0 $0 $0
CHRISTOPHER SHEPARD EX-OFFICIO 40.00
$0 $0 $0
CAROL GIANIS BOARD MEMBER 3.00
$0 $0 $0
JUDI ELTERMAN BOARD MEMBER 3.00
$0 $0 $0
KEITH LEBOUF BOARD MEMBER 3.00
$0 $0 $0
JEFFREY LEONARD BOARD MEMBER 3.00
$0 $0 $0
DAVID LINNEHAN BOARD MEMBER 3.00
$0 $0 $0
ERWIN PETRI BOARD MEMBER 3.00
$0 $0 $0
RAMONA MUSSO BOARD MEMBER 3.00
$0 $0 $0
GEORGE SMALL BOARD MEMBER 3.00
$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 $230,121 $248,860 $126,929 $-18,739
2024 $236,451 $235,108 $158,993 $1,343
2023 $205,105 $278,046 $151,402 $-72,941
2020 $282,521 $259,114 $273,410 $23,407
2019 $264,219 $261,436 $244,426 $2,783
2018 $306,418 $263,851 $241,925 $42,567
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