Glorystar Music Education and Cultural Foundation Inc (EIN 521982929) - 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

1996

Legal Domicile

Principal Officer

Carol Tseng

Phone

2402777629

Tax Period

2024-07-01 to 2025-06-30

Glorystar Music Education and Cultural Foundation Inc, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $195K in total revenue in fiscal year 2024. Expenses of $175K left a modest 10% surplus.

Mission

Glorystar Children's Chorus (GCC) provides excellent music education to children and youth (5-18 years old) with a rich repertoire of East Asian and Western music. GCC celebrates our Asian cultural heritage and creates an inclusive and enriching learning environment for singers to build connections within our community.

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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 $50,392

Program Service Revenue $128,841

Investment Income $13,974

Other Revenue $1,447

TOTAL REVENUE $194,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,142

Fundraising Expenses $3,682

Program Expenses $151,766

Other Expenses $71,074

TOTAL EXPENSES $175,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,654	$196,975	0.0%
Expenses	$175,216	$179,701	0.0%
Net Income	$19,438	$17,274	+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

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

$15,574

Total Directors

$22,774

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carol Tseng	Exec. Director	20.00	Officer Director	$15,574	$0	$15,574
Emily Chu	Music Director	5.00	Director	$7,200	$0	$7,200
Kirsten Chen	Secretary	5.00	Officer Director	$0	$0	$0
Jin-Zhong Liu	Director	5.00	Director	$0	$0	$0
Debbie Hsu	President	5.00	Officer Director	$0	$0	$0
Cherie Jeng	DirectorEmerita	20.00	Officer Director	$0	$0	$0
Wei Zhong	Treasurer	5.00	Officer Director	$0	$0	$0
Daniel L Bateman	Director	5.00	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	$194,654	$175,216	$412,964	$19,438
2024	$196,975	$179,701	$422,853	$17,274
2023	$193,048	$169,618	$345,667	$23,430
2023	No data	No data	No data	No data
2022	$143,742	$141,952	$351,267	$1,790
2021	$144,842	$111,646	$287,201	$33,196
2020	$172,963	$142,015	$261,268	$30,948
2019	$127,808	$154,144	$185,469	$-26,336
2018	$169,767	$164,574	$197,427	$5,193

Glorystar Music Education and Cultural Foundation Inc