Colgan Choir Boosters Inc

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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

2017

Legal Domicile

Principal Officer

Kim Morand

Phone

2103808817

Tax Period

2018-10-01 to 2019-09-30

Colgan Choir Boosters Inc, founded in 2017, is a small nonprofit that reported $399K in total revenue in fiscal year 2018. Revenue surged 2960% from the prior year, signaling strong growth momentum. Expenses of $348K left a modest 13% surplus.

Mission

The purpose of the organization is to support the students, parents, staff, and teachers of the Colgan Choir Programs by recruiting volunteers, raising funds, and conducting events.

Program Service Accomplishments

Program 1

Expenses: $291,227 Revenue: $314,978

Funded Meals and travel and the Ki Concert

Program 2

Expenses: $33,043 Revenue: $0

Purchased uniforms

Program 3

Expenses: $14,798 Revenue: $0

Hosted annual events

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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 (2018)

Revenue Breakdown

Contributions & Grants $352,897

Program Service Revenue $35,294

Investment Income $0

Other Revenue $10,353

TOTAL REVENUE $398,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $339,068

Other Expenses $347,527

TOTAL EXPENSES $347,527

Year-over-Year Comparison

	2018	2017	Change
Revenue	$398,544	$13,025	+29.6%
Expenses	$347,527	N/A	N/A
Net Income	$51,017	$13,025	+2.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Shanitra Davis-Howard	Vice President	Officer	$0	$0	$0
Vice President	Secretary	Officer	$0	$0	$0
Kim Morand	Treasurer	Officer	$0	$0	$0
Gary Berkheimer	President	Officer	$0	$0	$0
Laurie Walther	Vice President	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
2019	$398,544	$347,527	$62,098	$51,017