CHORAL ARTISTS OF SARASOTA INC (EIN 591913814) - 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

1979

Principal Officer

BILL KIMBELL

Phone

9413876046

Tax Period

2024-08-01 to 2025-07-31

CHORAL ARTISTS OF SARASOTA INC, founded in 1979, is a small nonprofit that reported $327K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $289K left a modest 11% surplus.

Mission

TO PRESENT PUBLIC CONCERTS OF THE HIGHEST QUALITY CHORAL LITERATURE, BOTH ACCOMPANIED AND A CAPELLA, BY A CHAMBER CHORUS OF GIFTED VOCAL MUSICIANS TO ENLIGHTEN AND ENTERTAIN THE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $252,279

Program Service Revenue $42,937

Investment Income $2

Other Revenue $31,402

TOTAL REVENUE $326,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,174

Program Expenses $242,037

Other Expenses $289,241

TOTAL EXPENSES $289,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$326,620	$348,964	-0.1%
Expenses	$289,241	$481,951	-0.4%
Net Income	$37,379	$-132,987	-1.3%

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

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 JANE AYERS	DIRECTOR	1.00	Director	$0	$0	$0
JACKI BOEDECKER	SECRETARY	2.00	Officer Director	$0	$0	$0
LAUREL DOVE	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ENSINGER	DIRECTOR	1.00	Director	$0	$0	$0
SHARON GREENE	DIRECTOR	1.00	Director	$0	$0	$0
BILL KIMBELL	CHAIR	3.00	Officer Director	$0	$0	$0
JODY MAXWELL	TREASURER	2.00	Officer Director	$0	$0	$0
RONNIE RICE	DIRECTOR	1.00	Director	$0	$0	$0
ANN STEPHENSON-MOE	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE LA SENNA	EXECUTIVE DI	40.00	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	$326,620	$289,241	No data	$37,379
2024	$348,964	$481,951	$31,422	$-132,987
2023	$331,680	$433,192	$164,409	$-101,512
2022	$576,360	$437,364	$272,186	$138,996
2021	$248,631	$282,299	$128,588	$-33,668
2020	$325,201	$341,974	$165,280	$-16,773
2018	$510,326	$410,256	$158,629	$100,070

CHORAL ARTISTS OF SARASOTA INC