CHORAL ART SOCIETY (EIN 237385737) - 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

1974

Legal Domicile

Principal Officer

Ann Elderkin

Phone

2078280043

Tax Period

2024-07-01 to 2025-06-30

CHORAL ART SOCIETY, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $222K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 15% operating margin.

Mission

Through its dedication to excellence in choral performance, ChoralArt engages and inspires its singers and greater community through compelling performances, innovative artistic collaborations, and stimulating outreach activities.

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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 $89,140

Program Service Revenue $124,570

Investment Income $8,219

Other Revenue $0

TOTAL REVENUE $221,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,552

Fundraising Expenses $15,325

Program Expenses $152,725

Other Expenses $103,054

TOTAL EXPENSES $188,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,929	$184,870	+0.2%
Expenses	$188,606	$155,926	+0.2%
Net Income	$33,323	$28,944	+0.2%

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

125

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
Ann Elderkin	Director, President	8	Officer Director	$0	$0	$0
Genie Wheelwright	Director, Vice President	2	Officer Director	$0	$0	$0
David White	Director, Treasurer	8	Officer Director	$0	$0	$0
Suzette Bois	Director, Secretary	1	Officer Director	$0	$0	$0
Sarah Bailey	Director	1	Director	$0	$0	$0
Philip Chin	Director	1	Director	$0	$0	$0
Paul Jessen	Director	1	Director	$0	$0	$0
Wesley Johnson	Director	1	Director	$0	$0	$0
Elizabeth Murley	Director	1	Director	$0	$0	$0
Carolyn Paulin	Director	1	Director	$0	$0	$0
Shelley Rau	Director	1	Director	$0	$0	$0
Juergen Renger	Director	1	Director	$0	$0	$0
Laurence Rubinstein	Director	1	Director	$0	$0	$0
Robert Stoddard	Director	1	Director	$0	$0	$0
Virginia Swain	Director	1	Director	$0	$0	$0
Joyce Walworth	Director	1	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	$221,929	$188,606	$274,694	$33,323
2024	$184,870	$155,926	$227,286	$28,944

CHORAL ART SOCIETY