GIVING VOICE INITIATIVE

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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

2015

Legal Domicile

Principal Officer

KEATH YOUNG

Phone

6124409660

Tax Period

2022-09-01 to 2023-08-31

GIVING VOICE INITIATIVE, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $334K in total revenue in fiscal year 2022.

Mission

INSPIRES AND EQUIPS ORGANIZATIONS TO BRING TOGETHER PEOPLE WITH ALZHEIMER'S AND THEIR CARE PARTNERS TO SING IN CHORUSES THAT FOSTER JOY, WELL-BEING, PURPOSE, AND COMMUNITY UNDERSTANDING.

Program Service Accomplishments

Program 1

Expenses: $107,729 Revenue: $13,454

CHOIRS: GVI PROVIDES FUNDING AND SUPPORT FOR THREE CHOIRS IN THE TWIN CITIES THAT INVOLVE PERSONS WITH DEMENTIA AND THEIR CAREGIVERS. THESE CHORUSES WEEKLY ENGAGE 180+ PEOPLE IN SINGING AND LEARNING NEW MUSIC FOR PUBLIC PERFORMANCES. THERE ARE TWO 16-WEEK SESSIONS EACH YEAR AND ONE 8-WEEK SESSION IN THE SUMMER LED BY A PROFESSIONAL MUSIC DIRECTOR. THESE CHORUSES SERVE AS LEARNING LABORATORIES FOR GVI AND ASSIST IN THE DEVELOPMENT AND REFINING OF CHORUS PROGRAMMING.

Program 2

Expenses: $34,328

OUTREACH: GVI BUILDS AWARENESS AND UNDERSTANDING OF THE POWER OF PARTICIPATING IN CHORAL SINGING FOR THOSE WITH ALZHEIMER'S. THIS OUTREACH IS DONE BY EDUCATING THE COMMUNITY THROUGH NATIONAL...

OUTREACH: GVI BUILDS AWARENESS AND UNDERSTANDING OF THE POWER OF PARTICIPATING IN CHORAL SINGING FOR THOSE WITH ALZHEIMER'S. THIS OUTREACH IS DONE BY EDUCATING THE COMMUNITY THROUGH NATIONAL CONFERENCES, COMMUNITY PRESENTATIONS, PARTNERSHIPS WITH RESEARCH ORGANIZATIONS, AND NATIONAL LEADERSHIP GATHERINGS FOR DEMENTIA-FRIENDLY CHORUSES AROUND THE COUNTRY.

Program 3

Expenses: $35,517

CONSULTING: GVI SUPPORTS THE LAUNCH AND SUSTAINABILITY OF NEW CHORUSES FOR PERSONS LIVING WITH ALZHEIMER'S AND THEIR CARE PARTNERS. GVI PROVIDES CONSULTING EXPERTISE ON ALZHEIMER'S PROGRAMMING AND...

CONSULTING: GVI SUPPORTS THE LAUNCH AND SUSTAINABILITY OF NEW CHORUSES FOR PERSONS LIVING WITH ALZHEIMER'S AND THEIR CARE PARTNERS. GVI PROVIDES CONSULTING EXPERTISE ON ALZHEIMER'S PROGRAMMING AND MUSICAL/ARTS PRODUCTION TO MAXIMIZE THE POTENTIAL OF COURSE DESIGN AND COMMUNITY PERFORMANCES THAT CHANGE THE STIGMA OF ALZHEIMER'S. THIS CONSULTING INCLUDES THE USE OF THE GVI TOOLKIT, AN ONLINE DOWNLOADABLE RESOURCE THAT PROVIDES A STEP-BY-STEP GUIDE FOR PERSONS INTERESTED IN A CHORUS, QUARTERLY WEBINARS, AND THE GV LEARNING COMMUNITY, A NETWORK OF CHORUSES AROUND THE GLOBE COMMITTED TO SHARING BEST PRACTICES.

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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 $309,606

Program Service Revenue $13,454

Investment Income $7,457

Other Revenue $3,682

TOTAL REVENUE $334,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,098

Fundraising Expenses $101,704

Program Expenses $177,574

Other Expenses $147,060

TOTAL EXPENSES $326,506

Year-over-Year Comparison

	2022	2021	Change
Revenue	$334,199	$314,728	+0.1%
Expenses	$326,506	$285,713	+0.1%
Net Income	$7,693	$29,015	-0.7%

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

$61,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES JENSEN	MEMBER	1.00	Director	$0	$0	$0
KEATH YOUNG	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK BENNETT	CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD GOLDEN	MEMBER	1.00	Director	$0	$0	$0
HELEN JACKSON LOCKETT-EL	SECRETARY	1.00	Officer Director	$0	$0	$0
SHAHZORE SHAH	MEMBER	1.00	Director	$0	$0	$0
DARRELL FOSS	MEMBER	1.00	Director	$0	$0	$0
CAROLE LEE RANDALL	MEMBER	1.00	Director	$0	$0	$0
JEAN THOMSON	MEMBER	1.00	Director	$0	$0	$0
MARGIE DINES	MEMBER	1.00	Director	$0	$0	$0
PATRICIA IZBICKI	MEMBER	1.00	Director	$0	$0	$0
EMILY PEARL	MEMBER	1.00	Director	$0	$0	$0
JOHN SHAW	MEMBER	1.00	Director	$0	$0	$0
EYLEEN BRAATEN	EXECUTIVE DIRECTOR	40.00	Officer	$61,668	$0	$61,668

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	$334,199	$326,506	$359,095	$7,693
2023	$185,861	$100,366	$481,148	$85,495
2022	$314,728	$285,713	$367,518	$29,015
2021	$356,908	$195,859	$323,868	$161,049
2020	$266,018	$213,127	$190,483	$52,891
2019	$211,221	$229,907	$104,077	$-18,686
2018	$273,991	$267,796	$113,304	$6,195