Fort Bend Boys Choir of Texas Inc (EIN 760038318) - 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

1982

Legal Domicile

Principal Officer

Rick Forlano

Phone

2812403800

Tax Period

2023-08-01 to 2024-07-31

Fort Bend Boys Choir of Texas Inc, founded in 1982, is a small nonprofit that reported $273K in total revenue in fiscal year 2023. Expenses of $258K left a modest 6% surplus.

Mission

To educate the boys of Fort Bend County, TX and surrounding areas in choral and vocal musical arts.

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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 $188,247

Program Service Revenue $84,108

Investment Income $31

Other Revenue $440

TOTAL REVENUE $272,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,248

Fundraising Expenses $12,267

Program Expenses $245,500

Other Expenses $211,519

TOTAL EXPENSES $257,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,826	N/A	N/A
Expenses	$257,767	N/A	N/A
Net Income	$15,059	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

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

$91,000

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Forlano	President	2.00	Officer Director	$0	$0	$0
Liz Dewey	Treasurer	2.00	Officer Director	$0	$0	$0
William R Adams	Founder and Artistic Director	40.00	Officer Director	$48,000	$0	$48,000
Tiana Mortimer	Secretary/Executive Director	40.00	Officer	$43,000	$0	$43,000
Laura Bowen	Director	2.00	Director	$0	$0	$0
Robert Hausmann	Director	2.00	Director	$0	$0	$0
Rose Pickens	Director	2.00	Director	$0	$0	$0
Rupi Dutta	Director	2.00	Director	$0	$0	$0
Casey Frysinger	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	$272,826	$257,767	$29,725	$15,059
2023	$264,685	$259,608	$18,659	$5,077
2022	$209,182	$173,091	$39,968	$36,091
2021	$138,187	$158,669	$28,632	$-20,482
2020	$180,125	$147,732	$53,274	$32,393
2019	$253,480	$273,402	$25,258	$-19,922
2018	$232,329	$270,265	$40,374	$-37,936

Fort Bend Boys Choir of Texas Inc