VIRGINIA CHORAL SOCIETY INC (EIN 540917679) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

Virginia Choral Society Inc

Phone

7578696548

Tax Period

2024-07-01 to 2025-06-30

THE VIRGINIA CHORAL SOCIETY, founded in 1963, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $81K in total revenue in fiscal year 2018. Revenue fell 74% from the prior year — a significant decline worth monitoring. Net assets of $934K represent 138 months of operating reserves.

Mission

Choral Performance in the Tidewater Area

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,780

Program Service Revenue $25,798

Investment Income $45,400

Other Revenue $0

TOTAL REVENUE $105,978

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $40,252

Fundraising Expenses $0

Program Expenses $92,828

Other Expenses $73,564

TOTAL EXPENSES $118,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,978	$85,584	+0.2%
Expenses	$118,916	$89,887	+0.3%
Net Income	$-12,938	$-4,303	+2.0%

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

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

$20,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryson Mortensen	Artistic Director	6	Director	$20,085	$0	$20,085
Mark Sink	Chorus President	4	Director	$0	$0	$0
Louis DeGrace	Member-at-Large	2	Director	$0	$0	$0
Shawn McDonald	Member-at-Large	2	Director	$0	$0	$0
Patti Grayson	Member-at-Large	2	Director	$0	$0	$0
Susie Gabriel	Director of Personnel	2	Director	$0	$0	$0
Nancy McLaulin	Scholarship Committee Chairman	2	Director	$0	$0	$0
Charles Bump	Treasurer	4	Officer	$0	$0	$0
Mary-William Baines	Managing Director	4	Officer	$0	$0	$0
Pam Pringle	Secretary and Strategic Planning	4	Officer	$0	$0	$0
Phyllis Wells	Director of Programming	4	Officer	$0	$0	$0
Jerry Cranfill	Director of Marketing and Development	4	Officer	$0	$0	$0
Roz McCreary	Director of Operations	4	Officer	$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	$105,978	$118,916	$1,136,111	$-12,938
2024	$85,584	$89,887	$1,050,528	$-4,303
2023	$75,353	$98,484	$961,809	$-23,131
2022	$77,429	$77,898	$920,079	$-469
2021	$117,408	$66,283	$1,030,919	$51,125
2020	$28,465	$70,027	$873,652	$-41,562
2019	$80,939	$83,000	$934,852	$-2,061

VIRGINIA CHORAL SOCIETY INC