Summit Choral Society Inc (EIN 341658034) - 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

1989

Legal Domicile

Principal Officer

SHARA COCCHIOLA

Phone

3304347464

Tax Period

2024-07-01 to 2025-06-30

Summit Choral Society Inc, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $381K in total revenue in fiscal year 2024.

Mission

TO PROVIDE A CONTINUUM OF MUSICAL TRAINING FOR YOUNG CHILDREN THROUGH SENIOR ADULTS, PRODUCE EXCEPTIONAL CHORAL PERFORMANCES AND PRESERVE THE ART OF CHORAL MUSIC FOR THE ENRICHMENT AND ENJOYMENT OF THE GREATER AKRON COMMUNITY.

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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 $328,613

Program Service Revenue $42,544

Investment Income $10,342

Other Revenue $0

TOTAL REVENUE $381,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,452

Fundraising Expenses $47,617

Program Expenses $200,047

Other Expenses $154,062

TOTAL EXPENSES $379,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,499	$385,171	0.0%
Expenses	$379,514	$380,644	0.0%
Net Income	$1,985	$4,527	-0.6%

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

100

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

$89,902

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARA COCCHIOLA	Executive Dir.	40.00	Officer	$84,430	$5,472	$89,902
JOE STORSIN JR	President	1.00	Officer Director	$0	$0	$0
LOIS BONTRAGER	Director	1.00	Director	$0	$0	$0
BRIAN MOORE	Vice President	1.00	Officer Director	$0	$0	$0
BENJAMIN COMSTON	Director	1.00	Director	$0	$0	$0
DOUGLAS VARNER	Director	1.00	Director	$0	$0	$0
SUGANTHI VEERAPPAN	Director	1.00	Director	$0	$0	$0
DANIEL BERRIOS	Director	1.00	Director	$0	$0	$0
GARY MOSTELLER	Director	1.00	Director	$0	$0	$0
SARAH BLOOMHUFF-WENNER	Secretary	1.00	Officer Director	$0	$0	$0
MATT AKERS	Vice President	1.00	Officer Director	$0	$0	$0
NATHAN BOSKOVICH	Director	1.00	Director	$0	$0	$0
KAREN FREEMAN	Director	1.00	Director	$0	$0	$0
BRIAN LAPOLLA	Director	1.00	Director	$0	$0	$0
JACINTO NUNEZ	Director	1.00	Director	$0	$0	$0
JOHN ROLL	Treasurer	1.00	Officer Director	$0	$0	$0
DAWN WILSON	Director	1.00	Director	$0	$0	$0
BILL WOLF	Director	1.00	Director	$0	$0	$0
PHIL ANGELO	Director	1.00	Director	$0	$0	$0
LORI PESCI	Director	1.00	Director	$0	$0	$0
BEN PICKENS	Director	1.00	Director	$0	$0	$0
JARED COLEMAN	Director	1.00	Director	$0	$0	$0
SEAN VOLLMAN	Director	1.00	Director	$0	$0	$0
SACHI ARGABRIGHT	Director	1.00	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	$381,499	$379,514	$187,823	$1,985
2024	$385,171	$380,644	$187,725	$4,527
2023	$363,743	$395,110	$186,437	$-31,367
2022	$403,675	$317,663	$211,315	$86,012
2021	$274,839	$229,313	$123,543	$45,526

Summit Choral Society Inc