MILWAUKEE CHILDREN'S CHOIR INC (EIN 391989384) - 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

1994

Legal Domicile

Principal Officer

AUSTYN ALT

Phone

4142217040

Tax Period

2022-07-01 to 2023-06-30

MILWAUKEE CHILDREN'S CHOIR INC, founded in 1994, is a small nonprofit that reported $229K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $268K exceeded revenue, resulting in a 17% operating deficit.

Mission

MILWAUKEE CHILDREN'S CHOIR IS SOUTHEATERN WISCONSIN'S PREMIER CHILDREN'S CHOIR. WE PROVIDE CHILDREN WITH EXCEPTIONAL CHORAL MUSIC EDUCATION AND PERFORMANCE EXPERIENCES THEY CAN GET NOWHERE ELSE IN THE AREA.

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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 $132,140

Program Service Revenue $88,911

Investment Income $1,319

Other Revenue $6,857

TOTAL REVENUE $229,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,729

Fundraising Expenses $30,919

Program Expenses $192,138

Other Expenses $69,064

TOTAL EXPENSES $267,793

Year-over-Year Comparison

	2022	2021	Change
Revenue	$229,227	$167,727	+0.4%
Expenses	$267,793	$264,465	+0.0%
Net Income	$-38,566	$-96,738	-0.6%

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

200

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

$52,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE CIANCAGALINI	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHRYN LOMANSEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANNE PLICHTA	SECRETARY	2.00	Officer Director	$0	$0	$0
ROSS BUKOURICZ	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA BELVILLE	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA DIEDRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED GREANYA	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL GREIF SCHUELE	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVER JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN LEVZOW	BOARD MEMBER	1.00	Director	$0	$0	$0
MORIAH PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY SCHLICHT	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMEELAH SHAREEF	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BUSCH	EXECUTIVE DIRECTOR	32.00	Officer	$52,000	$0	$52,000

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	$229,227	$267,793	$119,948	$-38,566
2022	$167,727	$264,465	$152,051	$-96,738
2021	$262,192	$215,653	$257,877	$46,539
2020	$161,267	$297,625	$214,521	$-136,358
2019	$280,515	$365,117	$338,787	$-84,602
2018	$421,934	$487,938	$427,477	$-66,004

MILWAUKEE CHILDREN'S CHOIR INC