Girls Choral Academy

EIN: 383360855 501(c)(3) Arts, Culture & Humanities

Grand Rapids, MI

Total Revenue
$428,431
Total Expenses
$307,995
Total Assets
$321,382
Net Assets
$320,257
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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
1997
Legal Domicile
MI
Principal Officer
Lisa Knight
Phone
6163616111
Tax Period
2024-07-01 to 2025-06-30

Girls Choral Academy, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $428K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 28% operating margin.

Mission

To provide an outstanding music program for youth of all ages, up to college level.

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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 (2024)

Revenue Breakdown

Contributions & Grants $396,671
Program Service Revenue $36,930
Investment Income $382
Other Revenue $-5,552
TOTAL REVENUE $428,431

Expense Breakdown

Grants Paid $28,272
Salaries & Benefits $184,500
Fundraising Expenses $19,644
Program Expenses $173,664
Other Expenses $95,223
TOTAL EXPENSES $307,995

Year-over-Year Comparison

2024 2023 Change
Revenue $428,431 $308,345 +0.4%
Expenses $307,995 $299,337 +0.0%
Net Income $120,436 $9,008 +12.4%
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
13
Independent Members
12
Employees
10
Volunteers
25

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
3
$87,750
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Knight Executive Director 040.00
Officer
$87,750 $0 $87,750
Kevin Nelson President 002.00
Officer Director
$0 $0 $0
Charles Max Frantz Finance officer 002.00
Officer Director
$0 $0 $0
Cassie Fancher Board Member 002.00
Director
$0 $0 $0
Lynn Atkins-Rykert Board Member 002.00
Director
$0 $0 $0
Angie Hanks Board Member 002.00
Director
$0 $0 $0
Savator Selden Johnson Board Member 002.00
Director
$0 $0 $0
Debra Hines Board Member 002.00
Director
$0 $0 $0
Alexis Rocha Board Member 002.00
Director
$0 $0 $0
Jamie Masco Board Member 002.00
Director
$0 $0 $0
Majesty White Board Member 002.00
Director
$0 $0 $0
Dana Romero-Vogg Board Member 002.00
Director
$0 $0 $0
Jonathan Kornoelje Board Member 002.00
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 $428,431 $307,995 $321,382 $120,436
2024 $308,345 $299,337 $190,162 $9,008
2024 $308,345 $299,337 $190,162 $9,008
2023 $244,827 $274,131 $166,349 $-29,304
2022 $229,856 $263,052 $193,111 $-33,196
2021 $203,798 $171,151 $233,723 $32,647
2020 $279,146 $227,519 $201,730 $51,627
2019 $265,917 $225,740 $124,515 $40,177
2018 $253,472 $237,843 $84,490 $15,629
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