FRIENDS OF THE CHORAL SOCIETY INC (EIN 611458810) - 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

2003

Legal Domicile

Principal Officer

John Maclay

Phone

9177100248

Tax Period

2024-08-01 to 2025-07-31

FRIENDS OF THE CHORAL SOCIETY INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $330K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $309K left a modest 6% surplus.

Mission

To support and operate a volunteer choral society and professional orchestra located in New York City, which performs 3-4 public concerts annually (2 in December and 1-2 in May), each with attendance of approximately 900-1,000 members of 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $193,145

Program Service Revenue $145,742

Investment Income $436

Other Revenue $-9,448

TOTAL REVENUE $329,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,364

Program Expenses $295,493

Other Expenses $309,431

TOTAL EXPENSES $309,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,875	$239,639	+0.4%
Expenses	$309,431	$245,663	+0.3%
Net Income	$20,444	$-6,024	-4.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

215

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
John Maclay	Director and President and Assistant Treasurer	20	Officer Director	$0	$0	$0
Alecia Baucom-Ortiz	Director & Treasurer	6	Officer Director	$0	$0	$0
Nathaniel Bisson	Director	6	Director	$0	$0	$0
Traci Gallagher	Director	3	Director	$0	$0	$0
Craig Hensala	Director	3	Director	$0	$0	$0
Peter S Julian	Director and Vice President and Assistant Treasurer	3	Officer Director	$0	$0	$0
Molly O'Laughlin Kemper	Director and Secretary	3	Officer Director	$0	$0	$0
Anna McQuere	Director	3	Director	$0	$0	$0
Kaarin von Herrlich	Director	3	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	$329,875	$309,431	$307,534	$20,444
2024	$239,639	$245,663	$287,090	$-6,024
2023	$276,440	$305,807	$293,114	$-29,367
2022	$222,279	$187,590	$322,481	$34,689

FRIENDS OF THE CHORAL SOCIETY INC