MAGNUM CHORUM (EIN 411729332) - 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

1991

Legal Domicile

Principal Officer

Martha Kunau

Phone

6129244111

Tax Period

2022-07-01 to 2023-06-30

MAGNUM CHORUM, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2022. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 11% operating deficit.

Mission

High quality performances of sacred choral music in beautiful venues that transform listeners in concert and worship and nurture a deeper connection with God and one another.

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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 $127,787

Program Service Revenue $37,553

Investment Income $203

Other Revenue $49,947

TOTAL REVENUE $215,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,164

Fundraising Expenses $10,735

Program Expenses $209,863

Other Expenses $151,195

TOTAL EXPENSES $239,359

Year-over-Year Comparison

	2022	2021	Change
Revenue	$215,490	$282,642	-0.2%
Expenses	$239,359	$261,832	-0.1%
Net Income	$-23,869	$20,810	-2.1%

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

$48,000

Key Employees

$60,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dwight Jilek	Artistic Director	15	Director Key Emp	$30,000	$0	$30,000
Martha Kunau	Executive Director	15.00	Director Key Emp	$18,000	$0	$18,000
Kim Bowman	Director of Development	10.00	Key Emp	$12,000	$0	$12,000
Janis Clay	Director	3.00	Director	$0	$0	$0
Brianna Tighe	Choir President and Director	3.00	Director	$0	$0	$0
Zack Kubasta	Choir Liaison and Director	3.00	Director	$0	$0	$0
Father Rolf Tollefson	Director	3.00	Director	$0	$0	$0
Kathryn Mortensen	Director	3.00	Director	$0	$0	$0
Carolyn Bevan	Vice Chair and Director	3.00	Officer	$0	$0	$0
Troy Loken	Chair and Director	4.00	Officer	$0	$0	$0
Doug Affinito	Treasurer and Director	3.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$215,490	$239,359	$20,636	$-23,869
2023	$215,490	$239,359	$20,636	$-23,869
2022	$282,642	$261,832	$44,505	$20,810

MAGNUM CHORUM