THE CHORALIS FOUNDATION (EIN 542011798) - 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

2000

Legal Domicile

Phone

7032372499

Tax Period

2024-07-01 to 2025-06-30

THE CHORALIS FOUNDATION, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $267K in total revenue in fiscal year 2017. Expenses of $233K left a modest 13% surplus.

Mission

TO nurture a passion for choral music through excellent choral performances, professional development opportunities for young soloists and conductors, education and training for young choristers, and community outreach events

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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 $221,708

Program Service Revenue $83,569

Investment Income $0

Other Revenue $28,479

TOTAL REVENUE $333,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,100

Fundraising Expenses $3,890

Program Expenses $273,837

Other Expenses $267,830

TOTAL EXPENSES $323,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,756	$300,586	+0.1%
Expenses	$323,930	$297,131	+0.1%
Net Income	$9,826	$3,455	+1.8%

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

N/A

Volunteers

200

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

$56,100

Total Directors

$56,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETCHEN KUHRMANN	ARTISTIC DIR	40.00	Officer Director	$56,100	$0	$56,100
JANET HANLON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CAPT DENNIS EGAN USCG ret	Director	1.00	Director	$0	$0	$0
GOSIA BOCHENEK	Director	1.00	Director	$0	$0	$0
MARTHA OLSON	Secretary	1.00	Officer Director	$0	$0	$0
TANYA HOFFMAN	Director	1.00	Director	$0	$0	$0
HOLLICE LOONEY	Chairman	1.00	Officer Director	$0	$0	$0
NICHOLAS KYRUS	Director	1.00	Director	$0	$0	$0
SCOTT CARLSON	Treasurer	1.00	Officer 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	$333,756	$323,930	$43,685	$9,826
2024	No data	No data	No data	No data
2023	$287,316	$368,556	$29,555	$-81,240
2022	$250,779	$302,228	$110,795	$-51,449
2021	$169,028	$120,857	$199,804	$48,171
2020	$200,721	$228,722	$143,632	$-28,001
2019	$335,479	$209,716	$155,291	$125,763
2018	$267,091	$232,504	$26,372	$34,587

THE CHORALIS FOUNDATION