TURTLE CREEK CHORALE INC

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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

1980

Legal Domicile

Principal Officer

JEREMY WAYNE

Phone

2145263214

Tax Period

2024-01-01 to 2024-12-31

TURTLE CREEK CHORALE INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 10% surplus.

Mission

The Turtle Creek Chorale seeks to move hearts, minds and souls with the power of choral singing. We do so with public performances, education programming and community involvement. There are three pillars of our mission: Empower to unite people through music by identifying and building bridges, promoting dialogue between the LGBT community and others and bringing communities, families and individuals together. Educate to advance male choral music within the community through educational outreach and programming, to commission existing and emerging composers, to expand choral literature and to provide music and social education programs. Entertain to present diverse and exciting programming, visually intriguing performance, unique and compelling stories and innovative themes.THE MISSION OF Turtle Creek Chorale IS TO ENTERTAIN, EDUCATE, UNITE AND INSPIRE.

Program Service Accomplishments

Program 1

Expenses: $651,561 Revenue: $223,433

TURTLE CREEK CHORALE(TCC) CONSISTS OF OVER 200 DUES-PAYING MEMBERS WHO CONTRIBUTE OVER 100,000 HOURS ANNUALLY TO REHEARSALS, PERFORMANCES AND COMMUNITY OUTREACH SERVICES. TCC HAS PROVIDED MUSICAL...

TURTLE CREEK CHORALE(TCC) CONSISTS OF OVER 200 DUES-PAYING MEMBERS WHO CONTRIBUTE OVER 100,000 HOURS ANNUALLY TO REHEARSALS, PERFORMANCES AND COMMUNITY OUTREACH SERVICES. TCC HAS PROVIDED MUSICAL JOURNeys TO AUDIENCES IN DALLAS, TX FOR OVER 40 YEARS AND ANNUALLY OFFERS A DYNAMIC MAINSTAGE CONCERT SERIES AT THE DALLAS CITY PERFORMANCE HALL IN THE ARTS DISTRICT. TCC ALSO FEATURES THREE SMALLER ENSEMBLES-CHAMBER CHORUS, CAMERATA AND SOUND BYTES. EACH GROUP DELIVERS A UNIQUE PERFORMANCE THAT HIGHLIGHTS THE MEMBERS WEALTH OF TALENT. WHILE PRIMARILY A GAY MEN'S CHORUS, THE TCC WELCOMES ALL MEN AND THOSE WHO IDENTIFY AS MALE, REGARDLESS OF SEXUAL ORIENTATION.

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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 $1,701,745

Program Service Revenue $223,433

Investment Income $15,145

Other Revenue $-608,856

TOTAL REVENUE $1,331,467

Expense Breakdown

Grants Paid $4,103

Salaries & Benefits $481,218

Fundraising Expenses $153,806

Program Expenses $651,561

Other Expenses $712,196

TOTAL EXPENSES $1,197,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,331,467	$1,031,290	+0.3%
Expenses	$1,197,517	$1,314,543	-0.1%
Net Income	$133,950	$-283,253	-1.5%

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

250

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

$102,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
sean baugh	artistic dir.	40.00		$102,773	$8,608	$111,381
JEREMY WAYNE	OPERATIONS DIR	40.00	Officer	$77,990	$1,875	$79,865
DAWSON TAYLOR	Executive Dir.	40.00	Officer	$16,346	$6,744	$23,090
ROSCOE COMPTON-KELLY	MBRSHP. PRES.	1.00	Director	$0	$0	$0
LARRY GEORGE	Director	1.00	Director	$0	$0	$0
ERIC VALDEZ	Director	1.00	Director	$0	$0	$0
ROB CORBELLO	Treasurer	1.00	Officer Director	$0	$0	$0
KEVIN HOUSING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
Kim Burgan	Director	1.00	Director	$0	$0	$0
Jurgen Schrodl	Director	1.00	Director	$0	$0	$0
FREDDY VALDERRAMA	Director	1.00	Director	$0	$0	$0
richard barrett	Director	1.00	Director	$0	$0	$0
sam garrot	Director	1.00	Director	$0	$0	$0
clint milner	Director	1.00	Director	$0	$0	$0
whitney strauss	Chairman	1.00	Officer 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	$1,331,467	$1,197,517	$785,477	$133,950
2023	$1,031,290	$1,314,543	$691,981	$-283,253
2022	$1,421,140	$1,611,679	$794,508	$-190,539
2021	$715,212	$632,307	$915,499	$82,905
2021	$839,927	$533,730	$862,314	$306,197
2020	$783,641	$738,509	$826,780	$45,132
2019	$797,291	$805,769	$503,034	$-8,478
2018	$785,852	$870,153	$501,702	$-84,301