NEW JERSEY YOUTH CHORUS 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

1992

Legal Domicile

Principal Officer

PHIL EVANS

Phone

9739985670

Tax Period

2021-07-01 to 2022-06-30

NEW JERSEY YOUTH CHORUS INC, founded in 1992, is a small nonprofit that reported $247K in total revenue in fiscal year 2021. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $413K exceeded revenue, resulting in a 67% operating deficit.

Mission

THE NJYC PROVIDES QUALITY MUSIC EDUCATION TO ENCOURAGE YOUNG PEOPLE'S LOVE AND APPRECIATION OF CHORAL MUSIC WHILE NURTURING THEIR INDIVIDUAL GROWTH AND DEVELOPMENT. USING THE POWER OF MUSIC WE FOSTER A CHILD'S CREATIVE AND INTELLECTUAL GROWTH, BUILD SELF-CONFIDENCE AND DEVELOP EXCEPTIONAL CITIZENS TO SERVE OUR COMMUNITIES. THROUGH THIS JOURNEY OF MUSIC, EACH PERSON LEARNS ABOUT FELLOWSHIP, COMPASSION, COMMITMENT, RESPECT AND TEAMWORK.

Program Service Accomplishments

Program 1

Expenses: $378,541 Revenue: $237,419

TO PROVIDE INSTRUCTION & PERFORMANCE OPPORTUNITIES FOR THE CHILDREN TO DEMONSTRATE THE MUSIC THEY HAVE LEARNED

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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 (2021)

Revenue Breakdown

Contributions & Grants $9,105

Program Service Revenue $201,664

Investment Income $133

Other Revenue $35,755

TOTAL REVENUE $246,657

Expense Breakdown

Grants Paid $135,024

Salaries & Benefits $181,800

Fundraising Expenses $0

Program Expenses $378,541

Other Expenses $95,908

TOTAL EXPENSES $412,732

Year-over-Year Comparison

	2021	2020	Change
Revenue	$246,657	$115,070	+1.1%
Expenses	$412,732	$184,843	+1.2%
Net Income	$-166,075	$-69,773	+1.4%

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
DANIEL KORNICK	CO PRESIDENT	5.00	Director	$0	$0	$0
MICHELE DOWLING JOHNSON	CO PRESIDENT	5.00	Director	$0	$0	$0
PHIL EVANS	TREASURER	5.00	Director	$0	$0	$0
ELYSE POST	SECRETARY	5.00	Director	$0	$0	$0
DEBORAH CLOSE	INTERIM EXECUTIVE DIRECTOR	5.00	Officer 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
2022	$246,657	$412,732	No data	$-166,075
2021	$115,070	$184,843	$206,471	$-69,773
2020	$314,001	$336,253	$242,758	$-22,252
2019	$402,014	$422,102	$264,761	$-20,088
2018	$592,769	$565,114	$284,463	$27,655