PASADENA MASTER CHORALE ASSN dba Pasadena Chorale (EIN 264205734) - 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

2009

Legal Domicile

Phone

8186402618

Tax Period

2024-07-01 to 2025-06-30

PASADENA MASTER CHORALE ASSN dba Pasadena Chorale, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $244K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 25% operating margin.

Mission

Performance of choral works for the public

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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 $244,145

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $244,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,971

Fundraising Expenses $7,858

Program Expenses $174,106

Other Expenses $129,993

TOTAL EXPENSES $181,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,145	$181,885	+0.3%
Expenses	$181,964	$147,124	+0.2%
Net Income	$62,181	$34,761	+0.8%

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

168

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
Eric Vesbit	President and Director	3	Director	$0	$0	$0
Ellen Kirstein	Treasurer and Director	6	Director	$0	$0	$0
Cindy Abbott	Secretary and Director	2	Director	$0	$0	$0
Jean Pallares-Leonard	Director	1	Director	$0	$0	$0
David Cooper	Director	1	Director	$0	$0	$0
Jeffrey Parkin	Director	1	Director	$0	$0	$0
Jeannie Sears	Director	2	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	$244,145	$181,964	$158,707	$62,181

PASADENA MASTER CHORALE ASSN dba Pasadena Chorale