CLASSICAL CHORUS OF ABILENE (EIN 752350753) - 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

1990

Legal Domicile

Principal Officer

ABIGAIL PAYNE

Phone

3256737464

Tax Period

2022-06-01 to 2023-05-31

CLASSICAL CHORUS OF ABILENE, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2022. Expenses of $250K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROMOTE CHORAL MUSIC FOR YOUTH AND ADULTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $37,682

Program Service Revenue $133,738

Investment Income $105

Other Revenue $32,306

TOTAL REVENUE $203,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,274

Fundraising Expenses $0

Program Expenses $194,386

Other Expenses $203,505

TOTAL EXPENSES $249,779

Year-over-Year Comparison

	2022	2021	Change
Revenue	$203,831	N/A	N/A
Expenses	$249,779	N/A	N/A
Net Income	$-45,948	N/A	N/A

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

Total Directors

$43,116

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL PAYNE	EXECUTIVE DIR	030.00	Director	$43,116	$0	$43,116
SARAH STONE	DIRECTOR	000.30	Director	$0	$0	$0
MELINDA JORDAN	DIRECTOR	000.30	Director	$0	$0	$0
SHELLY REED	DIRECTOR	000.30	Director	$0	$0	$0
DONA MORGAN	PRESIDENT	000.50	Officer Director	$0	$0	$0
PAM SMITH	VICE PRESIDENT	000.50	Officer Director	$0	$0	$0
JENNI JAMISON	SECRETARY	000.50	Officer Director	$0	$0	$0
MARISUE MEYER	DIRECTOR	000.30	Director	$0	$0	$0
LAUREN FARWELL	DIRECTOR	000.30	Director	$0	$0	$0
MONIQUE SPECKELS	COM OUTRCH COORD	008.00	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
2023	$203,831	$249,779	$57,988	$-45,948

CLASSICAL CHORUS OF ABILENE