Chicago Master Singers (EIN 363203659) - 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

Charles Andersen

Phone

8476041067

Tax Period

2023-07-01 to 2024-06-30

Chicago Master Singers, founded in 1979, is a small nonprofit that reported $332K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 23% operating margin.

Mission

To provide choral works for the cultural enrichment of the communities it serves.

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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 $226,005

Program Service Revenue $79,169

Investment Income $16,451

Other Revenue $10,496

TOTAL REVENUE $332,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $12,767

Program Expenses $232,783

Other Expenses $254,390

TOTAL EXPENSES $254,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,121	$197,585	+0.7%
Expenses	$254,390	$259,976	0.0%
Net Income	$77,731	$-62,391	-2.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlie Andersen	Vice President	015.00	Officer Director	$0	$0	$0
Rick Burdsall	Board Member	004.00	Director	$0	$0	$0
Michelle Burke	Secretary	004.00	Officer Director	$0	$0	$0
Karen Commons	Treasurer	025.00	Officer Director	$0	$0	$0
Caryl Medsker	Board Member	003.00	Director	$0	$0	$0
Janet Raciti	Board Member	025.00	Director	$0	$0	$0
Sheila Duran	Board Member	004.00	Director	$0	$0	$0
Sue Umbdenstock	President	008.00	Officer Director	$0	$0	$0
Dale Russell	Board Member	004.00	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	No data	No data	No data	No data
2024	$332,121	$254,390	$413,847	$77,731
2023	$197,585	$259,976	$335,254	$-62,391
2022	$405,096	$132,392	$401,166	$272,704
2021	$112,101	$75,419	$137,388	$36,682
2020	$194,080	$221,384	$125,232	$-27,304
2019	$579,839	$548,682	$121,579	$31,157
2018	$219,269	$170,052	$413,051	$49,217

Chicago Master Singers