MASTER CHORALE OF SOUTH FLORIDA INC (EIN 743096907) - 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

Ron Herron

Phone

9546412653

Tax Period

2024-06-01 to 2025-05-31

MASTER CHORALE OF SOUTH FLORIDA INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $804K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $271K, a strong 34% operating margin.

Mission

To present choral music concerts of the highest musical excellence, promote the art of choral singing, serve a diverse population, be recognized as a premier choral organization locally and beyond and foster in audiences the unity and joy expressed through the common language of singing

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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 $644,710

Program Service Revenue $158,355

Investment Income $0

Other Revenue $975

TOTAL REVENUE $804,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,745

Fundraising Expenses $56,442

Program Expenses $402,962

Other Expenses $354,734

TOTAL EXPENSES $532,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$804,040	$511,825	+0.6%
Expenses	$532,879	$546,461	0.0%
Net Income	$271,161	$-34,636	-8.8%

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

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

$106,988

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Karlin	Artistic Director/Conductor (ex-officio)	30	Key Emp	$75,571	$0	$75,571
Kathy Sedlack	Administrator	25	Key Emp	$31,417	$0	$31,417
Holly Strawbridge	Director	20	Director	$0	$0	$0
Bert Lutomski	Director	5	Director	$0	$0	$0
Jenna Weisberg	Director	10	Director	$0	$0	$0
Harriet Ottenheimer	Director	15	Director	$0	$0	$0
April Green	Director	5	Director	$0	$0	$0
Gary Carlin	Director	10	Director	$0	$0	$0
Manny Berger	Director	5	Director	$0	$0	$0
Clint Bush	Director	5	Director	$0	$0	$0
Jason Slatkin	Director	5	Director	$0	$0	$0
Ronald Herron	President	20	Officer	$0	$0	$0
Joseph Wert	Vice President	15	Officer	$0	$0	$0
Carolyn DeSanti	Treasurer	20	Officer	$0	$0	$0
Mark Glickman	Secretary	15	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
2025	$804,040	$532,879	$368,747	$271,161
2024	$511,825	$546,461	$121,499	$-34,636
2023	$452,942	$442,048	$87,229	$10,894
2022	$330,577	$382,902	$78,892	$-52,325
2021	$250,268	$160,115	$97,677	$90,153
2020	$237,880	$290,946	$57,136	$-53,066
2019	$242,992	$251,711	$67,277	$-8,719

MASTER CHORALE OF SOUTH FLORIDA INC