CHATTANOOGA BOYS CHOIR (EIN 620692977) - 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

1954

Legal Domicile

Principal Officer

VINCENT OAKES

Phone

4236342299

Tax Period

2024-08-01 to 2025-07-31

CHATTANOOGA BOYS CHOIR, founded in 1954, is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $223K left a modest 8% surplus.

Mission

TO POSITIVELY INFLUENCE AND DEVELOP THE LIVES OF BOYS BY PROVIDING A MUSIC PROGRAM OF THE HIGHEST QUALITY WHICH INCLUDES EDUCATION, APPRECIATION, AND PERFORMANCE.

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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 $98,080

Program Service Revenue $114,226

Investment Income $0

Other Revenue $31,073

TOTAL REVENUE $243,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,699

Fundraising Expenses $0

Program Expenses $175,939

Other Expenses $110,416

TOTAL EXPENSES $223,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$243,379	$317,424	-0.2%
Expenses	$223,115	$296,251	-0.2%
Net Income	$20,264	$21,173	0.0%

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

$42,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGEL ULMER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
LEE ANN ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
JOEL DENTON	TREASURER	2.00	Director	$0	$0	$0
JENNIFER FUNK	DIRECTOR	2.00	Officer Director	$0	$0	$0
ALISHEA HIXSON	DIRECTOR	2.00	Director	$0	$0	$0
VALARIE MCGEE	PRESIDENT	2.00	Director	$0	$0	$0
JORDAN HICKS	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL KENNEDY	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT OAKES	FINANCE DIRECTOR	40.00	Officer	$42,292	$0	$42,292

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	$243,379	$223,115	$152,614	$20,264
2024	$317,424	$296,251	$136,511	$21,173
2024	$317,424	$296,251	$136,511	$21,173
2023	$289,703	$281,872	$133,545	$7,831
2022	$261,657	$225,927	$112,671	$35,730
2021	$199,281	$168,548	$78,253	$30,733
2020	$234,117	$202,129	$41,073	$31,988
2019	$298,387	$301,884	$17,686	$-3,497

CHATTANOOGA BOYS CHOIR