FORT WAYNE CHILDREN'S CHOIR INC

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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

1984

Legal Domicile

Principal Officer

JONATHAN BUSAROW

Phone

2604810481

Tax Period

2023-07-01 to 2024-06-30

FORT WAYNE CHILDREN'S CHOIR INC, founded in 1984, is a small nonprofit that reported $437K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

THE FORT WAYNE CHILDREN'S CHOIR TEACHES MUSIC LITERACY TO CHILDREN FROM DIVERSE BACKGROUNDS THROUGH SONG AND PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $340,121 Revenue: $184,621

VARIOUS PROGRAMS INCLUDE TRAINING AND REHEARSAL FOR CONCERT PERFORMANCES, RESIDENT FINE ARTS CAMP, CHORAL TOURS, AND AN EARLY CHILDHOOD MUSIC EDUCATION PROGRAM. THE ORGANIZATION HAD OVER 246 STUDENTS FROM 88 DIFFERENT SCHOOLS PARTICIPATE IN EIGHT DIFFERENT ENSEMBLES WHILE THE EARLY CHILDHOOD PROGRAM SERVED NEARLY 1,000 PEOPLE THIS FISCAL YEAR. THROUGH THIS WORK, STUDENTS RECEIVE AN EXEMPLARY MUSIC EDUCATION FROM THEIR YOUNGEST YEARS THROUGH HIGH SCHOOL, TAKING THEM FROM REHEARSAL ROOM TO THE CONCERT STAGE WITH EASE. PARTICIPATING IN OVER 50 PERFORMANCES OVER THE COURSE OF THE YEAR, THE STUDENTS IN THE FORT WAYNE CHILDREN'S CHOIR HAVE SERVED THE COMMUNITY FOR 50 YEARS, CONTRIBUTING TO THE CULTURAL FABRIC OF GREATER FORT WAYNE.

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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 $277,839

Program Service Revenue $184,621

Investment Income $1,387

Other Revenue $-27,099

TOTAL REVENUE $436,748

Expense Breakdown

Grants Paid $41,190

Salaries & Benefits $314,048

Fundraising Expenses $43,350

Program Expenses $340,121

Other Expenses $108,338

TOTAL EXPENSES $463,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,748	$765,626	-0.4%
Expenses	$463,576	$793,410	-0.4%
Net Income	$-26,828	$-27,784	0.0%

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

$50,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN BUSAROW	EXE ARTISTIC	40.00	Officer	$44,601	$6,029	$50,630
ERIN BEAN	DIRECTOR	0.50	Director	$0	$0	$0
JEFF BEIGHTS	DIRECTOR	0.50	Director	$0	$0	$0
IAN BROAD-WHITE	DIRECTOR	0.50	Director	$0	$0	$0
EMILY HULL	DIRECTOR	0.50	Director	$0	$0	$0
DELLA KIRKMAN	DIRECTOR	0.50	Director	$0	$0	$0
JEFF PEAT	TREASURER	2.00	Officer Director	$0	$0	$0
ALEX PLATTE	DIRECTOR	0.50	Director	$0	$0	$0
SEEMA REDDY	CO-VICE CHAI	2.00	Director	$0	$0	$0
ROBIN SIMUNEK	DIRECTOR	0.50	Director	$0	$0	$0
JULIANNE TOENGES	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN URBAHNS	CO-VICE CHAI	2.00	Officer Director	$0	$0	$0
SARAH WARSCO	SECRETARY	2.00	Officer 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	$436,748	$463,576	$491,214	$-26,828
2023	$765,626	$793,410	$497,465	$-27,784
2022	$488,167	$443,217	$764,243	$44,950
2021	$461,846	$412,980	$853,024	$48,866
2020	$436,772	$373,532	$356,355	$63,240
2019	$480,094	$434,096	$333,857	$45,998
2018	$354,446	$334,376	$629,346	$20,070