Indianapolis Children's Choir (EIN 351690755) - 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

1986

Legal Domicile

Phone

3179409640

Tax Period

2024-07-01 to 2025-06-30

Indianapolis Children's Choir, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $4.5M represent 40 months of operating reserves.

Mission

The Indianapolis Chidlrens Choir nurtures and inspires student achievement through quality music education and the pursuit of artistic excellence in choral music performance.

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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 $486,222

Program Service Revenue $468,244

Investment Income $207,585

Other Revenue $193,485

TOTAL REVENUE $1,355,536

Expense Breakdown

Grants Paid $42,442

Salaries & Benefits $723,971

Fundraising Expenses $141,240

Program Expenses $1,087,190

Other Expenses $605,533

TOTAL EXPENSES $1,371,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,355,536	$2,595,874	-0.5%
Expenses	$1,371,946	$1,433,925	0.0%
Net Income	$-16,410	$1,161,949	-1.0%

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

300

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
Erin Mayer	Director	001.00	Director	$0	$0	$0
Joe Cookston	Director	001.00	Director	$0	$0	$0
Tim White	Director	001.00	Director	$0	$0	$0
Eric Harton	Director	001.00	Director	$0	$0	$0
Pat Trowers-Johnson	Vice-president, Board of Directors	001.00	Officer Director	$0	$0	$0
Josh Pedde	Artistic Director and Director	040.00	Officer Director Highest	$0	$0	$0
Jeff Mortier	Director	001.00	Director	$0	$0	$0
James Obermaier	Director	001.00	Director	$0	$0	$0
Brad Arthur	Director	001.00	Director	$0	$0	$0
Amber Denney	President, Board of Directors	001.00	Officer Director	$0	$0	$0
Patrick Broccolo	Director	001.00	Director	$0	$0	$0
Debbie Johnson	Director	001.00	Director	$0	$0	$0
Holly Reay	Treasurer, Board of Directors	001.00	Officer Director	$0	$0	$0
William Batt	Asst. Treasurer, Ex-officio Director	001.00	Director	$0	$0	$0
Judie Conley	Director	001.00	Director	$0	$0	$0
Christy Cutsinger	Director	001.00	Director	$0	$0	$0
Lowell Frame	Director	001.00	Director	$0	$0	$0
Abbie Hunter	Director	001.00	Director	$0	$0	$0
Terry Stigdon	Director	001.00	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	$1,355,536	$1,371,946	$5,433,200	$-16,410
2024	No data	No data	No data	No data
2023	$2,068,612	$1,355,683	$5,980,275	$712,929
2022	$1,457,940	$1,120,721	$2,760,893	$337,219
2021	$1,634,208	$1,142,108	$2,588,853	$492,100

Indianapolis Children's Choir