CHOIR SCHOOL OF NEWPORT COUNTY INC (EIN 814605806) - 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

Legal Domicile

Principal Officer

ANN BOYER

Phone

4012399713

Tax Period

2024-01-01 to 2024-12-31

CHOIR SCHOOL OF NEWPORT COUNTY INC is a small nonprofit that reported $303K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $96K, a strong 32% operating margin.

Mission

CHORISTER EDUCATION PROGRAM = MUSICAL EDUCATION OF BOYS AND GIRLS CHOIRS, VOCAL AND MUSIC THEORY LESSONS AND PRODUCTION OF CONCERTS.

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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 $292,337

Program Service Revenue $0

Investment Income $16

Other Revenue $10,681

TOTAL REVENUE $303,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,221

Fundraising Expenses $0

Program Expenses $205,543

Other Expenses $133,133

TOTAL EXPENSES $207,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,034	$219,638	+0.4%
Expenses	$207,354	$164,388	+0.3%
Net Income	$95,680	$55,250	+0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BERTON	EXECUTIVE DI	N/A	Director	$0	$0	$0
NICHOLAS BROWN	BOARD CHAIR	N/A	Director	$0	$0	$0
JIM BURRESS	MEMBER AT LA	N/A	Director	$0	$0	$0
ANN CONNER	MEMBER-AT-LA	N/A	Director	$0	$0	$0
JAY JOHNSON	BOARD VICE-C	N/A	Director	$0	$0	$0
MEREDITH RIGG	BOARD SECRET	N/A	Director	$0	$0	$0
ANN BOYER	TREASURER	N/A	Officer	$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	$303,034	$207,354	$222,429	$95,680
2023	$219,638	$164,388	$103,811	$55,250

CHOIR SCHOOL OF NEWPORT COUNTY INC