THE ANNAPOLIS CHORALE INC (EIN 521040306) - 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

1984

Legal Domicile

Principal Officer

JOAN LEANOS

Phone

4433365308

Tax Period

2024-07-01 to 2025-06-30

THE ANNAPOLIS CHORALE INC, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $469K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROMOTE MUSICAL LIFE IN THE REGION THROUGH PERFORMING, PRODUCING AND PRESENTING CONCERTS,RECITALS AND OTHER MUSICAL ACTIVITIES, AS WELL AS PROVIDING EDUCATIONAL OPPORTUNITIES FOR AREA MUSICIANS AND THE PUBLIC.

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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 $239,636

Program Service Revenue $229,007

Investment Income $26

Other Revenue $0

TOTAL REVENUE $468,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,392

Fundraising Expenses $0

Program Expenses $431,159

Other Expenses $404,821

TOTAL EXPENSES $477,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$468,669	$592,131	-0.2%
Expenses	$477,213	$589,817	-0.2%
Net Income	$-8,544	$2,314	-4.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHYLLIS EVERETTE	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHERINE HILTON	BOARD MEMBER	2.00	Director	$0	$0	$0
DANE KRICH	BOARD MEMBER	2.00	Director	$0	$0	$0
JOAN LEANOS	TREASURER	2.00	Officer Director	$0	$0	$0
DR DIANE LEBEDEFF	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA REBETSKY QUINN	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA SHERWOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK WYNN	BOARD MEMBER	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
2025	$468,669	$477,213	$90,236	$-8,544
2024	$592,131	$589,817	$92,306	$2,314
2023	$458,419	$456,584	$110,589	$1,835
2022	$459,095	$466,129	$48,968	$-7,034
2021	$295,898	$277,616	$96,188	$18,282
2020	$341,256	$322,838	$37,026	$18,418
2019	$386,066	$387,898	$9,830	$-1,832
2018	$385,702	$384,696	$12,166	$1,006

THE ANNAPOLIS CHORALE INC