CHICAGO ORCHESTRAL ACADEMY (EIN 363071191) - 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

1979

Legal Domicile

Principal Officer

JOSEPH GLYMPH

Tax Period

2017-09-01 to 2018-08-31

CHICAGO ORCHESTRAL ACADEMY, founded in 1979, is a small nonprofit that reported $113K in total revenue in fiscal year 2017. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $148K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE ORCHESTRAL TRAINING OPPORTUNITIES FOR TALENTED YOUNG MUSICIANS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $95,575

Program Service Revenue $17,093

Investment Income $0

Other Revenue $0

TOTAL REVENUE $112,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,736

Fundraising Expenses $0

Program Expenses $28,333

Other Expenses $140,128

TOTAL EXPENSES $147,864

Year-over-Year Comparison

	2017	2016	Change
Revenue	$112,668	$143,090	-0.2%
Expenses	$147,864	$136,211	+0.1%
Net Income	$-35,196	$6,879	-6.1%

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

N/A

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

$4,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE SZKLARSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
SARU GOVIND	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE TANNEN	DIRECTOR	1.00	Director	$0	$0	$0
RITA DIAZ	DIRECTOR	5.00	Officer Director	$0	$0	$0
KUMAR GOVIND	DIRECTOR	5.00	Officer Director	$0	$0	$0
HEATHER NEAVEILL-KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM E KJELDSEN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH KJELDSEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GLYMPH	CHAIRMAN	30.00	Officer	$4,552	$0	$4,552
LYNN M GLYMPH	PRESIDENT	30.00	Officer	$0	$0	$0
WILLIAM R KOEHLER	TREASURER	5.00	Officer	$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
2018	$112,668	$147,864	$9,899	$-35,196

CHICAGO ORCHESTRAL ACADEMY