MASTERWORKS CHOIR INC

EIN: 570726675 501(c)(3)

FLORENCE, SC

Total Revenue
$233,951
Total Expenses
$204,555
Total Assets
$42,219
Net Assets
$42,219
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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
1979
Legal Domicile
SC
Principal Officer
ELIZABETH JOHNSON
Phone
8436623218
Tax Period
2023-07-01 to 2024-06-30

MASTERWORKS CHOIR INC, founded in 1979, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $205K left a modest 13% surplus.

Mission

TO PRESENT CHORAL AND ENSEMBLE MASTERPIECES TO 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60,529
Program Service Revenue $173,225
Investment Income $47
Other Revenue $150
TOTAL REVENUE $233,951

Expense Breakdown

Grants Paid $4,500
Salaries & Benefits $42,268
Fundraising Expenses $50
Program Expenses $198,590
Other Expenses $157,787
TOTAL EXPENSES $204,555

Year-over-Year Comparison

2023 2022 Change
Revenue $233,951 $290,980 -0.2%
Expenses $204,555 $368,484 -0.4%
Net Income $29,396 $-77,504 -1.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
1
$17,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM D CARSWELL MUSIC DIRECTOR 10.00
Director
$17,500 $0 $17,500
ROBERT THOMPSON TREASURER 1.00
Officer
$0 $0 $0
ELIZABETH JOHNSON CHAIRMAN 1.00
Officer
$0 $0 $0
STUART SNOW VICE-CHAIRMAN 1.00
Officer
$0 $0 $0
LYNN BARNARD SECRETARY 1.00
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 No data No data No data No data
2024 $233,951 $204,555 $42,219 $29,396
2023 $290,980 $368,484 $12,823 $-77,504
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