Evergreen Chorale Inc

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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

1975

Legal Domicile

Principal Officer

Carole Callaghan

Phone

3036744002

Tax Period

2023-07-01 to 2024-06-30

Evergreen Chorale Inc, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $382K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $587K exceeded revenue, resulting in a 54% operating deficit.

Mission

The mission of the company is to transform and inspire community through excellence in music, theatre, education, and through historic Center Stage.

Program Service Accomplishments

Program 1

Expenses: $456,775 Revenue: $160,818

The Evergreen Chorale, d/b/a Ovation West Performing Arts, presented 2 musicals, 1 opera, 4 choral concert productions, 5 Ovation Concert Series productions, added 9 silent/classic movie nights, and added a new, monthly concert series at a local restaurant. There were 74 performances during the year, at Center Stage or other area/metro venues. These productions hosted 7620 patrons. 140 students attended K-12 summer camps. The Evergreen Chorale has approximately 110 members and there were about 500 total program participants.

Program 2

Expenses: $34,078 Revenue: $34,743

The Evergreen Chorale owns the theater building in which it performs musical theater productions. It is called Center Stage. The theater is also rented to other community organizations for...

The Evergreen Chorale owns the theater building in which it performs musical theater productions. It is called Center Stage. The theater is also rented to other community organizations for productions and rehearsal space. The Chorale offers the space at affordable rates to these local groups. In the lobby of the theater building is the Rotary Gallery and it is hung with changing exhibits of the art of local artists, free of charge, for the theater patrons to enjoy.

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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 $174,347

Program Service Revenue $189,642

Investment Income $4,155

Other Revenue $13,882

TOTAL REVENUE $382,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,408

Fundraising Expenses $22,627

Program Expenses $490,853

Other Expenses $433,087

TOTAL EXPENSES $587,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,026	$276,754	+0.4%
Expenses	$587,495	$446,328	+0.3%
Net Income	$-205,469	$-169,574	+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

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

$79,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kris Waggoner	Past President	3.00	Director	$0	$0	$0
Mandella Mischler	Director	2.00	Director	$0	$0	$0
Patricia Magerkurth	Vice President/Director	2.00	Officer Director	$0	$0	$0
Laura Veckerelli	Secretary/Director	3.00	Officer Director	$0	$0	$0
Kevin Atkinson	Treasurer/Director	8.00	Officer Director	$0	$0	$0
Carole Callaghan	President	10.00	Officer Director	$0	$0	$0
Julie Bell	Trustee/Director	2.00	Director	$0	$0	$0
Dodge McCord	Trustee/Director	2.00	Director	$0	$0	$0
Steve Taylor	Trustee/Director	2.00	Director	$0	$0	$0
Dr Graham Anduri	Executive Director	40.00	Key Emp Highest	$79,000	$0	$79,000

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	$382,026	$587,495	$368,004	$-205,469
2023	$276,754	$446,328	$493,619	$-169,574
2022	$458,102	$369,832	$661,276	$88,270
2021	$275,992	$260,992	$575,850	$15,000
2020	$266,270	$316,893	$660,357	$-50,623
2019	$327,560	$355,815	$522,545	$-28,255
2018	$333,210	$337,126	$534,152	$-3,916