BELLA VOCE

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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

1984

Legal Domicile

Principal Officer

DAVID LENTZ

Phone

3124791096

Tax Period

2023-09-01 to 2024-08-31

BELLA VOCE, founded in 1984, is a small nonprofit that reported $199K in total revenue in fiscal year 2023. Expenses of $189K left a modest 5% surplus.

Mission

BELLA VOCE'S MISSION IS TO CRAFT PERFORMANCES THAT ENGAGE AUDIENCES IN THE DIALOGUE BETWEEN EARLY MUSIC AND THE MUSIC OF OUR TIME.

Program Service Accomplishments

Program 1

Expenses: $131,603 Revenue: $40,804

BELLA VOCE ENRICHES CHICAGO'S RICH CULTURAL TAPESTRY THROUGH STIRRING PERFORMANCES OF EARLY MUSIC AND THE MUSIC OF OUR TIME. SINCE 1983, OUR ENSEMBLE HAS ENCHANTED AUDIENCES WITH HISTORICALLY...

BELLA VOCE ENRICHES CHICAGO'S RICH CULTURAL TAPESTRY THROUGH STIRRING PERFORMANCES OF EARLY MUSIC AND THE MUSIC OF OUR TIME. SINCE 1983, OUR ENSEMBLE HAS ENCHANTED AUDIENCES WITH HISTORICALLY INFORMED PRESENTATIONS OF FASCINATING CHORAL AND CHAMBER WORKS, WHETHER WELL-KNOWN, RARE, OR NEW. WE INVITE OUR AUDIENCES TO JOIN US IN DISCOVERING ARTWORKS THAT HAVE THE POWER TO LIFT US UP, MOVE US, AND TRANSFORM US.

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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 $158,680

Program Service Revenue $40,804

Investment Income $2

Other Revenue $0

TOTAL REVENUE $199,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,599

Fundraising Expenses $0

Program Expenses $131,603

Other Expenses $128,971

TOTAL EXPENSES $188,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$199,486	$198,232	+0.0%
Expenses	$188,570	$239,330	-0.2%
Net Income	$10,916	$-41,098	-1.3%

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

$34,491

Total Directors

$43,935

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LENTZ	PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT S GRAETTINGER	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MAGDA KRANCE	SECRETARY	4.00	Officer Director	$0	$0	$0
LAURA STIVERS	DIRECTOR	4.00	Director	$0	$0	$0
OLIVER CAMACHO	DIRECTOR	2.00	Director	$740	$0	$740
NORA ENGONOPOULOS	DIRECTOR	2.00	Director	$1,370	$0	$1,370
KIRSTEN HEDEGAARD	DIRECTOR	2.00	Director	$1,930	$0	$1,930
GREGORY JORJORIAN	TREASURER	4.00	Officer Director	$0	$0	$0
ANDREW LEWIS	DIRECTOR	2.00	Director	$39,895	$0	$39,895
WILLIAM MEYER	DIRECTOR	2.00	Director	$0	$0	$0
BETSY HOATS	MANAGING DIRECTOR (EX-OFFICIO)	30.00	Officer	$34,491	$0	$34,491

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	$199,486	$188,570	$19,835	$10,916
2023	$198,232	$239,330	$14,924	$-41,098
2022	$213,965	$210,259	$50,017	$3,706
2021	$140,903	$195,730	$43,296	$-54,827
2020	$264,705	$206,246	$96,503	$58,459