CLEVELAND CHORAL ARTS ASSOCIATION (EIN 341572215) - 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

1988

Legal Domicile

Principal Officer

TODD NARVIN

Phone

2165560590

Tax Period

2023-07-01 to 2024-06-30

CLEVELAND CHORAL ARTS ASSOCIATION, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $389K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

A COMMUNITY BASED MUSICAL ORGANIZATION WHICH PRESENTS HIGH QUALITY MUSICAL ENTERTAINMENT FOR DIVERSE AUDIENCES: PROMOTES A POSITIVE INFLUENCE WITHIN AND BEYOND THE GAY COMMUNITY; AND PROVIDES A SUPPORTIVE ENVIRONMENT FOR ITS MEMBERS AND PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $220,021

Program Service Revenue $143,561

Investment Income $4,060

Other Revenue $21,354

TOTAL REVENUE $388,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,716

Fundraising Expenses $38,152

Program Expenses $276,462

Other Expenses $360,403

TOTAL EXPENSES $395,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,996	$350,608	+0.1%
Expenses	$395,119	$318,096	+0.2%
Net Income	$-6,123	$32,512	-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

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
SHAWN BELT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH HOLLINGS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES MCPEAK	SECRETARY	2.00	Officer Director	$0	$0	$0
TODD NARVIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL RICH	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM STOBINSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT SYTO	TREASURER	2.00	Officer Director	$0	$0	$0
SOFI VAATTOVAARA	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	$388,996	$395,119	$216,301	$-6,123
2023	$350,608	$318,096	$250,782	$32,512
2022	$305,423	$304,802	$187,464	$621
2021	$205,478	$140,762	$197,704	$64,716
2020	$229,631	$195,291	$112,164	$34,340
2019	$284,406	$260,427	$93,956	$23,979
2018	$286,820	$300,569	$69,807	$-13,749

CLEVELAND CHORAL ARTS ASSOCIATION