CRYSTAL CHOIR (EIN 770457579) - 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

1997

Legal Domicile

Principal Officer

KARL CHANG

Phone

4084465368

Tax Period

2023-08-01 to 2024-07-31

CRYSTAL CHOIR, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $457K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 124% operating deficit.

Mission

STRIVE FOR CHORAL MUSIC EXCELLENCE BY PROVIDING CHORAL MUSIC EDUCATION TO CHILDREN AND BLENDING THE BEST OF EASTERN AND WESTERN MUSICAL TRADITIONS.

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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 $45,898

Program Service Revenue $679,006

Investment Income $-267,965

Other Revenue $0

TOTAL REVENUE $456,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $337,782

Fundraising Expenses $0

Program Expenses $866,714

Other Expenses $687,181

TOTAL EXPENSES $1,024,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$456,939	$744,153	-0.4%
Expenses	$1,024,963	$804,484	+0.3%
Net Income	$-568,024	$-60,331	+8.4%

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

N/A

Employees

Volunteers

130

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
KARL CHANG	President	60.00	Officer Director	$0	$0	$0
CHING-FEN CHIANG	ART DIRECTOR	60.00	Officer Director	$0	$0	$0
BEN LIAO	Director	2.00	Director	$0	$0	$0
CECILIA LEE	Director	2.00	Director	$0	$0	$0
DIANA HUANG	CFO	60.00	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	$456,939	$1,024,963	$3,358,595	$-568,024
2023	$744,153	$804,484	$3,107,551	$-60,331
2022	$706,516	$865,410	$3,308,001	$-158,894
2021	$1,159,618	$621,545	$5,262,086	$538,073
2020	$1,328,301	$929,631	$5,727,266	$398,670
2019	$1,213,808	$1,484,594	$5,808,859	$-270,786
2018	$2,618,490	$2,661,370	$4,894,428	$-42,880

CRYSTAL CHOIR