CHORAL SOCIETY OF DURHAM INC (EIN 566070665) - 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

1949

Legal Domicile

Principal Officer

Mary Parker

Phone

9195602733

Tax Period

2024-07-01 to 2025-06-30

CHORAL SOCIETY OF DURHAM INC, founded in 1949, is a small nonprofit in the Arts, Culture & Humanities sector that reported $258K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 21% operating margin.

Mission

To unite singers and audiences in the joy of high-quality performance of time-honored choral masterworks and an ever-broadening range of excellent repertoire from many traditions.

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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 $134,535

Program Service Revenue $65,890

Investment Income $56,835

Other Revenue $683

TOTAL REVENUE $257,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,333

Fundraising Expenses $9,491

Program Expenses $142,920

Other Expenses $178,249

TOTAL EXPENSES $203,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,943	$187,623	+0.4%
Expenses	$203,582	$180,833	+0.1%
Net Income	$54,361	$6,790	+7.0%

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

169

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
Mary Parker	President	5	Officer Director	$0	$0	$0
Alex Engler	Vice President	5	Officer Director	$0	$0	$0
Sarah Wood	Secretary	4	Officer Director	$0	$0	$0
Sara Shippee	Treasurer	8	Officer Director	$0	$0	$0
Kristin Webb	Financial Development Chair	8	Director	$0	$0	$0
Jen Plumb Vilardaga	Diversity, Equity & Inclusion Chair	8	Director	$0	$0	$0
Ginger Jones-Robinson	At Large	0.25	Director	$0	$0	$0
Korwind Stokes	At Large	0.25	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	$257,943	$203,582	$898,921	$54,361
2024	$187,623	$180,833	$807,082	$6,790
2023	$272,197	$166,640	$747,639	$105,557
2022	$129,034	$141,841	$603,783	$-12,807
2021	$441,900	$121,688	$728,079	$320,212
2020	$281,356	$151,961	$410,435	$129,395

CHORAL SOCIETY OF DURHAM INC