CHOPS INC (EIN 411832890) - 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

1995

Legal Domicile

Phone

6124243669

Tax Period

2023-01-01 to 2023-12-31

CHOPS INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $595K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $530K left a modest 11% surplus.

Mission

CHOPS, INC. OFFERS MUSIC EDUCATION THAT TEACHES DEDICATION, COMMITMENT, CREATIVITY AND SELF-EXPRESSION TO INDIVIDUALS INTERESTED IN HIGH QUALITY, RESPECTED AND PROFESSIONAL MUSIC PERFORMANCE PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $549,579

Program Service Revenue $64,467

Investment Income $6,950

Other Revenue $-26,111

TOTAL REVENUE $594,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,713

Fundraising Expenses $0

Program Expenses $352,881

Other Expenses $301,675

TOTAL EXPENSES $530,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,885	$520,718	+0.1%
Expenses	$530,388	$486,382	+0.1%
Net Income	$64,497	$34,336	+0.9%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN O'LEARY	Executive Dir.	40.00	Director	$0	$0	$0
KATHLEEN LISKA-JACKSON	Director-Gambli	40.00	Director	$0	$0	$0
MICHAEL FISCHER	Director	2.00	Director	$0	$0	$0
JODI KUEHN	Director	2.00	Director	$0	$0	$0
STEPHEN PODOBINSKI	chair person	4.00	Officer Director	$0	$0	$0
SARAH MATHIAS	Director	2.00	Director	$0	$0	$0
EMILY ANTIN	Treasurer	6.00	Officer Director	$0	$0	$0
LAURA MURPHY	Director	6.00	Director	$0	$0	$0
MEGAN DUEVEL	Director	2.00	Director	$0	$0	$0
BRUCE JASKULKE	Secretary	4.00	Officer Director	$0	$0	$0
CHADWICK ANDERSON	Director	2.00	Director	$0	$0	$0
NICHOLE THOMAS	Director	2.00	Director	$0	$0	$0
JONATHAN KING	Director	2.00	Director	$0	$0	$0
Catrice Williams	Director	2.00	Director	$0	$0	$0
JOSEFINA GERONIMO	Director	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
2024	No data	No data	No data	No data
2023	$594,885	$530,388	$542,005	$64,497
2022	$520,718	$486,382	$470,634	$34,336
2021	$803,393	$472,637	$438,049	$330,756
2020	$104,155	$117,281	$220,675	$-13,126
2019	$264,776	$196,608	$208,070	$68,168
2018	$301,676	$297,875	$486,569	$3,801

CHOPS INC