BEL CANTO CHORUS OF MILWAUKEE INC (EIN 396078185) - 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

1959

Legal Domicile

Principal Officer

THEODORE PERLICK MOLINARI

Phone

4144818801

Tax Period

2024-07-01 to 2025-06-30

BEL CANTO CHORUS OF MILWAUKEE INC, founded in 1959, is a small nonprofit that reported $355K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $434K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF BEL CANTO CHORUS IS TO CONNECT SINGERS, AUDIENCES, AND THE COMMUNITY THROUGH EXPERIENCES WITH DIVERSE CHORAL MUSIC.

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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 $201,693

Program Service Revenue $129,677

Investment Income $33,911

Other Revenue $-10,464

TOTAL REVENUE $354,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,654

Fundraising Expenses $48,087

Program Expenses $283,120

Other Expenses $173,771

TOTAL EXPENSES $434,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,817	$850,015	-0.6%
Expenses	$434,425	$953,806	-0.5%
Net Income	$-79,608	$-103,791	-0.2%

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

103

Volunteers

350

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

$161,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THEODORE PERLICK MOLINARI	PRESIDENT AND ACTING CEO	20.00	Officer Director	$0	$0	$0
MARCIA SCHWAGER	SECRETARY	1.00	Officer Director	$0	$0	$0
THAYER FISHER	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN RAGATZ	CHORUS REPRESENTATIVE	1.00	Director	$0	$0	$0
ZACH WILLENBRINK	DIRECTOR	1.00	Director	$0	$0	$0
SARAH PAUL	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN FULTON	DIRECTOR	1.00	Director	$0	$0	$0
ANTONINA JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
JACOB WOLTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KLOTZ	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH MARINE	DIRECTOR	1.00	Director	$0	$0	$0
TOM THIELE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN LAABS	ARTISTIC DIRECTOR	40.00	Officer	$42,692	$0	$42,692
KAI SIMONE	MANAGING DIRECTOR	40.00	Officer	$70,000	$0	$70,000
RICHARD HYNSON	MUSIC DIRECTOR (THRU JUN 2024)	40.00	Officer	$49,128	$0	$49,128

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	$354,817	$434,425	$739,145	$-79,608
2024	$850,015	$953,806	$765,374	$-103,791
2023	$527,232	$495,675	$828,799	$31,557
2022	$380,995	$368,007	$746,891	$12,988
2021	$418,479	$243,224	$819,209	$175,255
2020	$350,665	$349,470	$491,952	$1,195
2019	$372,768	$379,137	$504,129	$-6,369
2018	$377,703	$338,670	$505,180	$39,033

BEL CANTO CHORUS OF MILWAUKEE INC