German-American Children's Chorus Inc

EIN: 362988077

Chicago, IL

Total Revenue
$47,767
Total Expenses
$90,971
Total Assets
$89,967
Net Assets
$89,967
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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
1939
Legal Domicile
IL
Principal Officer
Erica Vaccaro
Phone
3128653990
Tax Period
2023-01-01 to 2023-12-31

German-American Children's Chorus Inc, founded in 1939, is a micro nonprofit that reported $48K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $91K exceeded revenue, resulting in a 90% operating deficit.

Mission

To Promote German Culture and Music

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,623
Program Service Revenue $37,144
Investment Income $0
Other Revenue $0
TOTAL REVENUE $47,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $200
Program Expenses $82,041
Other Expenses $90,971
TOTAL EXPENSES $90,971

Year-over-Year Comparison

2023 2022 Change
Revenue $47,767 $27,940 +0.7%
Expenses $90,971 $98,103 -0.1%
Net Income $-43,204 $-70,163 -0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anita Held President 3.00
Director
$0 $0 $0
Kris Schmidt VP 1.00
Director
$0 $0 $0
Diana Krewer VP 1.00
Director
$0 $0 $0
Erica Vaccaro Treasurer and Financial Secretary 3.00
Director
$0 $0 $0
Debbie Mende Recording Secretary 1.50
Director
$0 $0 $0
Monica Giannoni Corresponding Secretary 1.00
Director
$0 $0 $0
Celine Hickey Historian 1.50
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 No data No data No data No data
2023 $47,767 $90,971 $89,967 $-43,204
2022 $27,940 $98,103 $133,171 $-70,163
2021 $97,289 $41,419 $203,334 $55,870
2020 $7,089 $8,111 $149,620 $-1,022
2019 $187,179 $138,780 $156,043 $48,399
2018 $69,659 $56,844 $104,609 $12,815
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