Girls Choral Academy

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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

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 in grades K through 12. See below for most significant activities.

Program Service Accomplishments

Program 1

Expenses: $173,664 Revenue: $36,930

In 2024-25, GCA resumed rehearsals for 75 Choir students. Performed at First United Methodist Church Gala benefit Let Their Voice Be Heard at the Wege Ballroom at Aquinas Center the Circle Theaters Holiday Soul Celebration, the Mayflower church holiday concert, the Judges and Lawyers Baseball game the Shelley Irwin run and the Meijer Corporate Luncheon. Also at The Urban League of West Michigans annual MLK Corporate Breakfast, our High Notes Cabaret benefiting community donors. Our Grandville Avenue Girls Choir GVNC performed school holiday concerts, sang for Pridgeon and Clay corporate luncheon, the Table Hosted Luncheon, the Kiwanis club annual meeting and a concert at First United Methodist Church. Toured to Chicago and performed at the Hancock building for patrons, serving 56 students. Added 2 new campus this year at the Southeast Neighborhood Choirs Sherwood Park and Hope Academy. All programs totaled 100 girls. Completed our 2nd year of summer camp that enrolled 17, 3rd through 5th grade girls for 6 weeks, teaching music, movement, career exploration and writing.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$87,750

Total Directors

Key Employees

Highest Compensated

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