Choral Arts Collective Inc (EIN 581518691) - 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

2021

Legal Domicile

Principal Officer

Jeffrey Carlson

Phone

3364042420

Tax Period

2024-07-01 to 2025-06-30

Choral Arts Collective Inc, founded in 2021, is a small nonprofit that reported $229K in total revenue in fiscal year 2024. Expenses of $219K left a modest 4% surplus.

Mission

Our mission is to create engaging inclusive and entertaining choral experiences.

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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 $157,225

Program Service Revenue $72,147

Investment Income $0

Other Revenue $0

TOTAL REVENUE $229,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,226

Fundraising Expenses $40,037

Program Expenses $167,699

Other Expenses $99,000

TOTAL EXPENSES $219,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,372	$214,387	+0.1%
Expenses	$219,226	$215,061	+0.0%
Net Income	$10,146	$-674	-16.1%

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

N/A

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

$85,722

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Carlson	Executive Director	40.00	Key Emp Highest	$61,800	$0	$61,800
Dr Welborn Young	Artistic Director	20.00	Key Emp	$23,922	$0	$23,922
Deborah Bowers	Director	1.00	Director	$0	$0	$0
Christine Burnside	Director	1.00	Director	$0	$0	$0
Bramley Crisco	Director	1.00	Director	$0	$0	$0
Carmen Deese	President	3.00	Director	$0	$0	$0
Emily Hedrick	Director	1.00	Director	$0	$0	$0
Alisha Homer	Treasurer	3.00	Director	$0	$0	$0
Chad Merritt	President-Elect	3.00	Director	$0	$0	$0
Sheila Morrell	Director	1.00	Director	$0	$0	$0
George Reynolds	Director	1.00	Director	$0	$0	$0
Scott Taylor	Secretary	3.00	Director	$0	$0	$0
Amy Vetter	Director	1.00	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	$229,372	$219,226	$52,604	$10,146
2024	$214,387	$215,061	$47,791	$-674

Choral Arts Collective Inc