WINSTON SALEM CHORAL ACADEMY (EIN 593840174) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

ANNE SAXON

Phone

3364138227

Tax Period

2024-08-01 to 2025-07-31

WINSTON SALEM CHORAL ACADEMY, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $22K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO OFFER A JOYFUL AND EMPOWERING EXPERIENCE FOR CHILDREN AND YOUTH THROUGH VOCAL MUSIC EDUCATION AND ARTISTIC EXCELLENCE IN CHORAL PERFORMANCE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $52

Program Service Revenue $21,782

Investment Income $0

Other Revenue $0

TOTAL REVENUE $21,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,031

Fundraising Expenses $0

Program Expenses $24,472

Other Expenses $13,441

TOTAL EXPENSES $24,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,834	$60,344	-0.6%
Expenses	$24,472	$64,764	-0.6%
Net Income	$-2,638	$-4,420	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE SAXON	ARTISTIC DIRECTOR	010.00	Officer Director	$0	$0	$0
SUZANNE MAGGS	ASSISTANT DIRECTOR	001.00	Officer Director	$0	$0	$0
MARCUS DORSEY	PARENT BD MEM	001.00	Officer Director	$0	$0	$0
FAITH MARKS	LYRICA CHOIR REP	001.00	Officer Director	$0	$0	$0
JULIE LUDWIG	UPBEAT CHOIR REP	001.00	Officer Director	$0	$0	$0
JENNIFER FRAME	ENCORE CHOIR REP	001.00	Officer 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	$21,834	$24,472	$-1,264	$-2,638
2024	$60,344	$64,764	$3,726	$-4,420

WINSTON SALEM CHORAL ACADEMY