TWIN CITIES GAY MEN'S CHORUS (EIN 411428329) - 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

1980

Legal Domicile

Principal Officer

TIM PETERSON

Phone

6123397664

Tax Period

2024-08-01 to 2025-07-31

TWIN CITIES GAY MEN'S CHORUS, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $536K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $644K exceeded revenue, resulting in a 20% operating deficit.

Mission

BUILDING COMMUNITY THROUGH 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 $342,774

Program Service Revenue $118,041

Investment Income $14,268

Other Revenue $60,891

TOTAL REVENUE $535,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,815

Fundraising Expenses $63,628

Program Expenses $353,319

Other Expenses $361,132

TOTAL EXPENSES $643,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$535,974	$606,208	-0.1%
Expenses	$643,947	$539,256	+0.2%
Net Income	$-107,973	$66,952	-2.6%

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

190

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

$37,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK HUEBNER	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY TRUMAN	TREASURER	5.00	Director	$0	$0	$0
JUSTIN RUDNICK	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN MUNNELLY	CHAIR	5.00	Officer Director	$0	$0	$0
KENNY BECK	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET WESTIN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
PHIL BOELTER	DIRECTOR	5.00	Director	$0	$0	$0
LANCE MORGAN	SECRETARY	5.00	Officer Director	$0	$0	$0
ZACH RIDER	MEMBERSHIP PRESIDENT	2.00	Director	$0	$0	$0
RANDY SCHAFER	DIRECTOR	2.00	Director	$0	$0	$0
ERIK ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
SAM DENNIS	MEMBERSHIP VP	5.00	Director	$0	$0	$0
BRIAN THIELKE	DIRECTOR	2.00	Officer Director	$0	$0	$0
JEFF EBERHARD	DIRECTOR	2.00	Director	$0	$0	$0
JENNY HARDING	DIRECTOR	2.00	Director	$0	$0	$0
TIM J PETERSON	TREASURER	5.00	Officer Director	$0	$0	$0
DENNIS WHIPPLE	EXECUTIVE DIRECTOR	40.00	Officer	$37,593	$317	$37,910

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	$535,974	$643,947	$449,169	$-107,973
2024	$606,208	$539,256	$592,000	$66,952
2023	$452,299	$479,261	$506,736	$-26,962
2022	$535,432	$457,683	$494,632	$77,749
2021	$478,527	$274,892	$488,339	$203,635
2020	$500,654	$411,837	$268,598	$88,817
2019	$504,084	$515,262	$161,182	$-11,178
2018	$482,007	$466,105	$174,253	$15,902

TWIN CITIES GAY MEN'S CHORUS