NEW CANON CHAMBER COLLECTIVE INC (EIN 650669331) - 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

1996

Legal Domicile

Principal Officer

PORTIA LUNDY

Phone

9546326996

Tax Period

2024-01-01 to 2024-12-31

NEW CANON CHAMBER COLLECTIVE INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $372K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 15% operating margin.

Mission

THE ORGANIZATION IS A SOUTH FLORIDA BASED MUSIC ENSEMBLE THAT AMPLIFIES THE VOICES OF BLACK AND BROWN ARTISTS IN CLASSICAL MUSIC; THE ORGANIZATION ALSO PARTNERS WITH EARLY LEARNING CENTERS AND AFTER SCHOOL PROGRAMS TO PROVIDE HIGH QUALITY MUSICAL EDUCATION SERVICES

🔒

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 $334,645

Program Service Revenue $36,910

Investment Income $0

Other Revenue $0

TOTAL REVENUE $371,555

Expense Breakdown

Grants Paid $251,826

Salaries & Benefits $55,430

Fundraising Expenses $0

Program Expenses $315,665

Other Expenses $8,409

TOTAL EXPENSES $315,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,555	$199,700	+0.9%
Expenses	$315,665	$240,200	+0.3%
Net Income	$55,890	$-40,500	-2.4%

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

N/A

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
PORTIA LUNDY	PRESIDENT	20.00	Officer Highest	$0	$0	$0
JANIECE SMITH	CHAIRWOMAN	0.00	Officer	$0	$0	$0
VICTORIA JOSEPH	TREASURER	0.00	Officer	$0	$0	$0
WALTER LAMBERT	OFFICER	0.00	Officer	$0	$0	$0
ARSIMMER MCCOY	PROJECT DIRECTOR	0.00	Officer	$0	$0	$0
JAMES BINON	OFFICER	0.00	Officer	$0	$0	$0
AFA DWORKIN	OFFICER	0.00	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
2024	$371,555	$315,665	$238,558	$55,890

NEW CANON CHAMBER COLLECTIVE INC