ELGIN MASTER CHORALE INC (EIN 362782591) - 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

1966

Legal Domicile

Principal Officer

DENNIS ROSSOW

Phone

8472147225

Tax Period

2023-07-01 to 2024-06-30

ELGIN MASTER CHORALE INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $339K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

AT THE ELGIN MASTER CHORALE, WE ARE COMMITTED TO ACHIEVING THE HIGHEST STANDARDS OF EXCELLENCE IN CHORAL MUSIC, ENRICHING, AND EDUCATING BOTH OUR MEMBERS AND AUDIENCES THROUGH JOYFUL AND INSPIRING PERFORMANCES.

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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 $168,191

Program Service Revenue $143,407

Investment Income $4,686

Other Revenue $22,601

TOTAL REVENUE $338,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,824

Fundraising Expenses $14,498

Program Expenses $259,910

Other Expenses $185,009

TOTAL EXPENSES $338,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,885	$269,325	+0.3%
Expenses	$338,833	$315,578	+0.1%
Net Income	$52	$-46,253	-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

130

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
LISA MICHNICK	SECRETARY	4.00	Officer Director	$0	$0	$0
DENNIS ROSSOW	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRIS JOHNSON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ELIZABETH ROBERTS	MEMBER	2.00	Director	$0	$0	$0
GORDON MUIRHEAD	MEMBER	2.00	Director	$0	$0	$0
KAITLYN PACCHINI	MEMBER	2.00	Director	$0	$0	$0
COLLEEN PRICE	MEMBER	2.00	Director	$0	$0	$0
ALISON BLEICK	MEMBER	2.00	Director	$0	$0	$0
DANIEL MAKI	MEMBER	2.00	Director	$0	$0	$0
ROSALYN WESLEY	MEMBER	2.00	Director	$0	$0	$0
MARILYN DESTEFANO	MEMBER	2.00	Director	$0	$0	$0
THOMAS SCHAEL	TREASURER	4.00	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
2024	$338,885	$338,833	$253,558	$52
2022	$320,187	$276,181	$223,865	$44,006
2021	$328,241	$210,396	$212,207	$117,845
2020	$200,437	$254,283	$95,523	$-53,846
2019	$275,099	$287,593	$114,438	$-12,494

ELGIN MASTER CHORALE INC