CHORAL ARTS SOCIETY OF WASHINGTON (EIN 520895826) - 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

1965

Legal Domicile

Principal Officer

MATTHEW GARBER

Phone

2022443669

Tax Period

2023-09-01 to 2024-08-31

CHORAL ARTS SOCIETY OF WASHINGTON, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 36% 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 (2023)

Revenue Breakdown

Contributions & Grants $734,054

Program Service Revenue $359,326

Investment Income $365,135

Other Revenue $184,063

TOTAL REVENUE $1,642,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $659,252

Fundraising Expenses $128,183

Program Expenses $1,325,226

Other Expenses $1,575,611

TOTAL EXPENSES $2,234,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,642,578	$1,505,018	+0.1%
Expenses	$2,234,863	$2,135,919	+0.0%
Net Income	$-592,285	$-630,901	-0.1%

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

Volunteers

130

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

$160,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW GARBER	CHAIR	5.00	Officer Director	$0	$0	$0
KAREN FLORINI	VICE CHAIR	5.00	Officer Director	$0	$0	$0
BARBARA ROSSOTTI	SECRETARY	5.00	Officer Director	$0	$0	$0
ANNE B KEISER	TREASURER	5.00	Officer Director	$0	$0	$0
LAURA S PRUITT	COUNSEL	2.00	Director	$0	$0	$0
SUZANNE BROCK	MEMBER	2.00	Director	$0	$0	$0
ERIC BROYLES	MEMBER	2.00	Director	$0	$0	$0
CHARLIE CERF	MEMBER	2.00	Director	$0	$0	$0
SUE GOODHART END JUNE 2024	MEMBER	2.00	Director	$0	$0	$0
ELKE GORDON	MEMBER	2.00	Director	$0	$0	$0
ALEXANDRA KESSLER	MEMBER	2.00	Director	$0	$0	$0
MONICA SCHMUDE	MEMBER	2.00	Director	$0	$0	$0
NICHOLAS SMITH	MEMBER	2.00	Director	$0	$0	$0
NATHAN CZYZEWSKI	EXECUTIVE DIRECTOR	40.00	Officer	$139,000	$21,091	$160,091
SCOTT TUCKER	ARTISTIC DIRECTOR (END 9/2023)	40.00	Highest	$116,677	$9,692	$126,369

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	$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

CHORAL ARTS SOCIETY OF WASHINGTON