MINNESOTA CHORALE

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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

1972

Legal Domicile

Principal Officer

ALYSSA BREECE

Phone

6123334866

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA CHORALE, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $440K in total revenue in fiscal year 2024.

Mission

THE MINNESOTA CHORALE SINGS TO UNITE PEOPLE AND AMPLIFY DIVERSE VOICES THROUGH RIGOROUS ARTISTIC PRACTICE AND JOYOUS COLLABORATION.

Program Service Accomplishments

Program 1

Expenses: $243,463 Revenue: $114,307

THE ORGANIZATION IS AN ACCLAIMED, PROFESSIONAL CORE SYMPHONIC CHORUS. IT PERFORMS SOME 20 CONCERTS YEARLY WITH A VARIETY OF COLLABORATING PARTNERS, INCLUDING PROFESSIONAL, ACADEMIC AND CIVIC...

THE ORGANIZATION IS AN ACCLAIMED, PROFESSIONAL CORE SYMPHONIC CHORUS. IT PERFORMS SOME 20 CONCERTS YEARLY WITH A VARIETY OF COLLABORATING PARTNERS, INCLUDING PROFESSIONAL, ACADEMIC AND CIVIC ENSEMBLES, AS WELL AS OTHER CHOIRS. THE ORGANIZATION'S BRIDGES SERIES, BEGUN IN 1994 TO BUILD MUSICAL AND SOCIAL BRIDGES TO DIVERSE POPULATIONS, HAS BEEN ACCLAIMED AS A NATIONAL MODEL FOR COMMUNITY ENGAGEMENT PROGRAMS. BRIDGES IS A SERIES OF MUSICAL INITIATIVES THAT HARNESS THE RICHNESS AND DIVERSITY OF THE GLOBAL CHORAL REPERTOIRE TO ENGAGE CULTURAL COMMUNITIES AND RAISE AWARENESS OF PRESSING SOCIAL NEEDS.

Program 2

Expenses: $73,518

COMPRISED OF ENSEMBLES FOR SINGERS FROM AGES 8 TO 80-PLUS, THE MINNESOTA CHORALE IS A MULTI-GENERATIONAL UMBRELLA ORGANIZATION. WITH THE FOUNDING OF THE MINNEAPOLIS YOUTH CHORUS IN 2007, THE CHORALE DEEPENED ITS COMMUNITY CONNECTIONS OFFERING CHORAL OPPORTUNITIES FOR MINNEAPOLIS SCHOOL STUDENTS. THOSE IN GRADES 6 THROUGH 8 DEVELOP THEIR MUSICAL GIFTS IN AN ENVIRONMENT DEDICATED TO THE CELEBRATION OF DIVERSITY AND THE PURSUIT OF ARTISTIC EXCELLENCE. MYC'S PRELUDE CHILDREN'S CHOIR, FOR CHILDREN IN GRADES 3 THROUGH 5, PROVIDES AN INTRODUCTORY CHORAL EXPERIENCE FOR YOUNGER SINGERS. VOICES OF EXPERIENCE, ESTABLISHED IN 2010 IN PARTNERSHIP WITH THE MACPHAIL CENTER FOR MUSIC, OFFERS MATURE SINGERS OPPORTUNITIES TO ACHIEVE VOCAL EXCELLENCE AND ENRICH THE COMMUNITY THROUGH SONG.

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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 $322,017

Program Service Revenue $98,536

Investment Income $3,476

Other Revenue $15,771

TOTAL REVENUE $439,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,606

Fundraising Expenses $21,293

Program Expenses $316,981

Other Expenses $209,439

TOTAL EXPENSES $446,045

Year-over-Year Comparison

	2024	2023	Change
Revenue	$439,800	$434,277	+0.0%
Expenses	$446,045	$407,879	+0.1%
Net Income	$-6,245	$26,398	-1.2%

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

321

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

$65,208

Total Directors