GALA CHORUSES I INC (EIN 742586442) - 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

1983

Legal Domicile

Principal Officer

Robin Godfrey

Phone

4123046743

Tax Period

2023-01-01 to 2023-12-31

GALA CHORUSES I INC, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $822K in total revenue in fiscal year 2023. Revenue surged 258% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 24% operating margin.

Mission

GALA Choruses leads the North American gay choral movement. We assist emerging choruses and facilitate networking and training for established groups. Our signature event is our quadrennial festival which brings together over 150 choruses and 7000 singers for the worlds largest LGBTQ choral event.

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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 (2023)

Revenue Breakdown

Contributions & Grants $746,178

Program Service Revenue $29,108

Investment Income $25,898

Other Revenue $20,705

TOTAL REVENUE $821,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $63,384

Program Expenses $393,372

Other Expenses $626,971

TOTAL EXPENSES $626,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$821,889	$229,528	+2.6%
Expenses	$626,971	$494,339	+0.3%
Net Income	$194,918	$-264,811	-1.7%

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
Maria Elena Grant	President	10.00	Officer	$0	$0	$0
Justin Fyala	Vice President	5.00	Officer	$0	$0	$0
Michael McDonald	Secretary	5.00	Officer	$0	$0	$0
Jeff Smith	Treasurer	5.00	Officer	$0	$0	$0
Jeff Chapdelaine	Director	2.00	Director	$0	$0	$0
Karen Lane	Director	2.00	Director	$0	$0	$0
Joseph Nadeau	Director	2.00	Director	$0	$0	$0
Oscar Urtusastegui	Director	2.00	Director	$0	$0	$0
Steve Milloy	Director	2.00	Director	$0	$0	$0
David Dean	Director	2.00	Director	$0	$0	$0
John Carrion	Director	2.00	Director	$0	$0	$0
Kristen Stinnett	Director	2.00	Director	$0	$0	$0
Carol Paskulin	Director	2.00	Director	$0	$0	$0
Abdullah Hall	Director	2.00	Director	$0	$0	$0
Brayton Bollenbacher	Director	2.00	Director	$0	$0	$0
Miriam Davidson	Director	2.00	Director	$0	$0	$0
Tim Blanchard-Modisette	Director	2.00	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
2024	No data	No data	No data	No data
2023	$821,889	$626,971	$2,130,780	$194,918
2022	$229,528	$494,339	$591,091	$-264,811
2021	$339,129	$337,965	$787,400	$1,164
2020	$831,660	$460,795	$1,366,886	$370,865

GALA CHORUSES I INC