Carolina Master Chorale Inc

EIN: 570773385 501(c)(3) Arts, Culture & Humanities

Myrtle Beach, SC

Total Revenue
$210,799
Total Expenses
$218,180
Total Assets
$184,814
Net Assets
$148,369
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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
1983
Legal Domicile
SC
Principal Officer
Rebecca A Donevant
Phone
8434445774
Tax Period
2024-07-01 to 2025-06-30

Carolina Master Chorale Inc, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

Promote choral art, present exceptional performances of choral music, enhance arts education, and enrich the cultural lives of our members, audiences, and the Coastal Carolina 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $107,105
Program Service Revenue $101,843
Investment Income $1,851
Other Revenue $0
TOTAL REVENUE $210,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,261
Fundraising Expenses $0
Program Expenses $209,129
Other Expenses $197,919
TOTAL EXPENSES $218,180

Year-over-Year Comparison

2024 2023 Change
Revenue $210,799 $134,464 +0.6%
Expenses $218,180 $122,957 +0.8%
Net Income $-7,381 $11,507 -1.6%
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
7
Independent Members
7
Employees
1
Volunteers
24

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
3
$0
Key Employees
1
$17,005
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Judith Adams President 2.00
Officer
$0 $0 $0
Terri Springs Vice President 2.00
Officer
$0 $0 $0
John Scheide Secretary 2.00
Officer
$0 $0 $0
Barbara Mousaw Treasurer 2.00
Officer
$0 $0 $0
Audrey Farrell At Large 2.00
Director
$0 $0 $0
Penny Reed At Large 2.00
Director
$0 $0 $0
Donna McElveen At Large 2.00
Director
$0 $0 $0
Rebecca Donevant Executive Director 16.00
Key Emp
$17,005 $0 $17,005
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 $210,799 $218,180 $184,814 $-7,381
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