SOUNDS GOOD CHOIR NFP

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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

2016

Legal Domicile

Principal Officer

BIRNIE HARPER PRESIDENT

Phone

6303959542

Tax Period

2024-01-01 to 2024-12-31

SOUNDS GOOD CHOIR NFP, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $717K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $851K exceeded revenue, resulting in a 19% operating deficit.

Mission

To enhance the well-being of older adults through choral music in a fun, welcoming community of singers. Non-auditioned choirs, directed by professionals, rehearse and perform free community concerts.

Program Service Accomplishments

Program 1

Expenses: $462,626 Revenue: $195,836

SOUNDS GOOD CHOIRS TWO CHORAL PROGRAMS, SOUNDS GOOD AND GOOD MEMORIES, MAKE UP THE CHICAGO AREA'S LARGEST NO-AUDITION CHORAL GROUP FOR ADULTS 55 AND BETTER, AND THE ONLY PUBLIC CHOIR FOR PERSONS WITH EARLY-STAGE DEMENTIA AND THEIR CARE PARTNERS. SOUNDS GOOD, FOR ADULTS 55+, OFFERS A FUN AND WELCOMING COMMUNITY PLUS HEALTH BENEFITS SUCH AS ELEVATED MOOD, IMPROVED COGNITIVE ABILITIES AND DECREASED DEPRESSION AND LONELINESS. GOOD MEMORIES UNIQUE, INTERACTIVE CHOIR PROGRAM PROVIDES THE SAME HEALTH BENEFITS TO ADULTS WITH EARLY-STAGE DEMENTIA AND THEIR CARE PARTNERS IN A SAFE, STRESS-FREE ATMOSPHERE WHERE THE FOCUS IS ON FUN AND INDIVIDUAL STRENGTHS. THERE ARE NO AUDITIONS FOR EITHER CHOIR; EVERYONE IS WELCOME REGARDLESS OF ABILITY OR EXPERIENCE.

Program 2

continued from 4a: ALL CHOIRS ARE LED AND ACCOMPANIED BY PROFESSIONAL CONDUCTORS AND MUSICIANS, WITH TWO 15-WEEK SESSIONS IN THE SPRING AND FALL, AND AN 8-WEEK SESSION IN THE SUMMER. EACH CHOIR...

continued from 4a: ALL CHOIRS ARE LED AND ACCOMPANIED BY PROFESSIONAL CONDUCTORS AND MUSICIANS, WITH TWO 15-WEEK SESSIONS IN THE SPRING AND FALL, AND AN 8-WEEK SESSION IN THE SUMMER. EACH CHOIR PERFORMS A PUBLIC CONCERT.

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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 $327,770

Program Service Revenue $195,836

Investment Income $193,035

Other Revenue $370

TOTAL REVENUE $717,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,315

Fundraising Expenses $73,123

Program Expenses $462,626

Other Expenses $414,742

TOTAL EXPENSES $851,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$717,011	$561,857	+0.3%
Expenses	$851,057	$814,021	+0.0%
Net Income	$-134,046	$-252,164	-0.5%

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

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

$109,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE SCHANKIN	Executive Dir.	40.00	Officer	$109,120	$0	$109,120
JONATHAN MILLER	ARTISTIC DIRECTOR	40.00		$102,572	$0	$102,572
SANDRA MILLER	PROGRAM DIRECTOR	40.00		$69,723	$0	$69,723
MARTRICE CALDWELL DEP '24	FMR TREAS.	2.00	Officer Director	$0	$0	$0
MANDEL SCHENK JOINED '24	Treasurer	2.00	Officer Director	$0	$0	$0
BIRNIE HARPER Dep '24	fmr director	3.00	Director	$0	$0	$0
DOUGLAS LIEBERMAN dep '24	fmr vp	1.00	Director	$0	$0	$0
ANNA BROTHERS	Secretary	1.00	Director	$0	$0	$0
MARIE DIVIRGILIO	Vice President	2.00	Officer Director	$0	$0	$0
SHARON FROLICK JOINED '24	Director	2.00	Director	$0	$0	$0
LYNN CLARK	Director	1.00	Director	$0	$0	$0
ROBERT HORNER	President	1.00	Officer Director	$0	$0	$0
REGAN BURKE	Director	1.00	Director	$0	$0	$0
MARK FEDOTA JOINED '24	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
2025	No data	No data	No data	No data
2024	$717,011	$851,057	$1,657,794	$-134,046
2023	$561,857	$814,021	$1,761,107	$-252,164
2022	$463,767	$586,929	$1,868,881	$-123,162
2021	$486,305	$504,929	$2,341,821	$-18,624
2020	$2,313,448	$456,566	$2,168,996	$1,856,882
2019	$531,565	$413,835	$195,754	$117,730