CHORAL ARTS SOCIETY OF WASHINGTON

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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

1965

Legal Domicile

Principal Officer

NICHOLAS SMITH

Phone

2022443669

Tax Period

2024-09-01 to 2025-08-31

CHORAL ARTS SOCIETY OF WASHINGTON, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 37% operating deficit.

Mission

To reawaken human capacity for awe through the power of choral 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 $731,721

Program Service Revenue $431,640

Investment Income $349,297

Other Revenue $164,221

TOTAL REVENUE $1,676,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $759,302

Fundraising Expenses $257,559

Program Expenses $1,802,099

Other Expenses $1,529,843

TOTAL EXPENSES $2,289,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,676,879	$1,642,578	+0.0%
Expenses	$2,289,145	$2,234,863	+0.0%
Net Income	$-612,266	$-592,285	+0.0%

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

156

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

$171,050

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROCK SUZANNE	MEMBER	2.00	Director	$0	$0	$0
BROYLES ERIC	MEMBER	2.00	Director	$0	$0	$0
CERF CHARLIE	MEMBER	2.00	Director	$0	$0	$0
FRAWLEY ELLEN	MEMBER	2.00	Director	$0	$0	$0
FLORINI KAREN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
GARBER MATT	CHAIR	5.00	Officer Director	$0	$0	$0
KEISER ANNE	TREASURER	5.00	Officer Director	$0	$0	$0
KESSLER ALEXANDRA B	MEMBER	2.00	Director	$0	$0	$0
PRUITT LAURA	MEMBER	5.00	Officer Director	$0	$0	$0
ROSSOTTI BARBARA	SECRETARY	5.00	Officer Director	$0	$0	$0
SCHMUDE MONICA	MEMBER	2.00	Director	$0	$0	$0
SMITHNICHOLAS	MEMBER	2.00	Director	$0	$0	$0
BUCOY-CALAVAN MARIA	ARTISTIC DIRECTOR	40.00	Key Emp	$63,667	$5,263	$68,930
CZYZEWSKI NATHAN	EXECUTIVE DIRECTOR	40.00	Key Emp	$88,333	$13,787	$102,120

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	$1,676,879	$2,289,145	$5,123,162	$-612,266
2024	$1,642,578	$2,234,863	$5,736,309	$-592,285
2023	$1,505,018	$2,135,919	$5,919,780	$-630,901
2022	$2,190,125	$2,217,948	$6,104,669	$-27,823
2021	$1,825,509	$1,341,561	$7,419,329	$483,948
2020	$1,992,361	$1,930,236	$6,332,028	$62,125
2019	$1,879,886	$1,852,294	$6,059,337	$27,592
2018	$2,016,476	$1,811,078	$6,231,952	$205,398