FRIENDS OF WISCONSIN SINGERS INC (EIN 391851370) - 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

1997

Legal Domicile

Principal Officer

CHRISTOPHER NOVOTNY

Phone

6085141750

Tax Period

2022-07-01 to 2023-06-30

FRIENDS OF WISCONSIN SINGERS INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $260K in total revenue in fiscal year 2022. Revenue decreased 20% compared to the prior year.

Mission

SUPPORT UW-MADISON PERFORMING GROUP WISCONSIN SINGERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $140,104

Program Service Revenue $114,321

Investment Income $10

Other Revenue $5,859

TOTAL REVENUE $260,294

Expense Breakdown

Grants Paid $11,581

Salaries & Benefits $4,966

Fundraising Expenses $6,363

Program Expenses $241,861

Other Expenses $254,511

TOTAL EXPENSES $277,421

Year-over-Year Comparison

	2022	2021	Change
Revenue	$260,294	$325,043	-0.2%
Expenses	$277,421	$247,481	+0.1%
Net Income	$-17,127	$77,562	-1.2%

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

$4,966

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON HANSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
CARISSA COOROUGH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRAD UMHOEFER	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER NOVOTNY	TREASURER	2.00	Officer Director	$0	$0	$0
KAY GRULING	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ROBIN WHITTY NOVOTNY	MEMBER AT LARGE	2.00	Director	$4,966	$0	$4,966
MICHELLE MATHAI	MEMBER AT LARGE	2.00	Director	$0	$0	$0
DAVID BUSS	MEMBER AT LARGE	2.00	Director	$0	$0	$0
RYAN MOLDENHAUER	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ERIN WEYERS	MEMBER AT LARGE	2.00	Director	$0	$0	$0
BOLA OLANIYAN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
TAYLOR SHANNON	MEMBER AT LARGE	2.00	Director	$0	$0	$0
BRYCE HACKMAN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
PHIL FEIGIN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
MICHAEL FINLEY	MEMBER AT LARGE	2.00	Director	$0	$0	$0
KATE PIERRE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
MADISON SANDERSON	MEMBER AT LARGE	2.00	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
2023	$260,294	$277,421	$277,790	$-17,127
2022	$325,043	$247,481	$292,120	$77,562

FRIENDS OF WISCONSIN SINGERS INC