BUFFALO PHILHARMONIC CHORUS INC (EIN 237438520) - 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

1937

Legal Domicile

Principal Officer

THERESA BUCKLEY

Phone

7164356317

Tax Period

2022-07-01 to 2023-06-30

BUFFALO PHILHARMONIC CHORUS INC, founded in 1937, is a small nonprofit that reported $244K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $280K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ENRICH THE COMMUNITY WITH EXCELLENCE AND LEADERSHIP IN THE CHORAL ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $141,555

Program Service Revenue $85,622

Investment Income $16,605

Other Revenue $104

TOTAL REVENUE $243,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,226

Fundraising Expenses $5,198

Program Expenses $235,171

Other Expenses $213,371

TOTAL EXPENSES $279,597

Year-over-Year Comparison

	2022	2021	Change
Revenue	$243,886	$216,724	+0.1%
Expenses	$279,597	$188,559	+0.5%
Net Income	$-35,711	$28,165	-2.3%

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

$28,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE MORREALE	PRESIDENT	10.00	Officer Director	$0	$0	$0
STEPHEN EDGE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH STONE	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY BUCKLEY	TREASURER	1.00	Officer Director	$0	$0	$0
AARON DANIEL ANNAS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA COPLEY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FAY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MARCI	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA NELSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
TIM SOCHA	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA RICHTER	DIRECTOR	1.00	Director	$0	$0	$0
WEST RICHTER JR	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA VOGT	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA WISINSKI	DIRECTOR	1.00	Director	$0	$0	$0
MADELINE HARTS DMA	EXECUTIVE DIRECTOR	40.00	Officer	$28,750	$0	$28,750

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$243,886	$279,597	$1,247,188	$-35,711
2022	$216,724	$188,559	$1,070,205	$28,165
2021	$125,106	$146,144	$1,212,153	$-21,038
2020	$230,090	$195,431	$999,367	$34,659
2019	$229,595	$180,764	$927,821	$48,831
2018	$225,990	$185,556	$878,990	$40,434

BUFFALO PHILHARMONIC CHORUS INC