Colorado Vocal Arts Ensemble (EIN 841288426) - 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

1992

Legal Domicile

Principal Officer

Deborah Teske

Phone

7196504754

Tax Period

2022-08-01 to 2023-07-31

Colorado Vocal Arts Ensemble, founded in 1992, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $69K in total revenue in fiscal year 2022. Revenue decreased 20% compared to the prior year. Net assets of $211K represent 37 months of operating reserves.

Mission

The Colorado Vocal Arts Ensemble (CVAE) is a regionally acclaimed chamber choir dedicated to excellence in the choral art.

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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 (2022)

Revenue Breakdown

Contributions & Grants $54,129

Program Service Revenue $15,375

Investment Income $7,914

Other Revenue $-8,650

TOTAL REVENUE $68,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,414

Fundraising Expenses $7,763

Program Expenses $58,662

Other Expenses $38,718

TOTAL EXPENSES $74,320

Year-over-Year Comparison

	2022	2021	Change
Revenue	$68,768	$85,448	-0.2%
Expenses	$74,320	$56,163	+0.3%
Net Income	$-5,552	$29,285	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendy Mike	President	2.00	Officer Director	$0	$0	$0
Brooke Graves	Secretary	2.00	Officer Director	$0	$0	$0
Donna Nunez	Director	2.00	Director	$0	$0	$0
Lisa Cush	Director	2.00	Director	$0	$0	$0
Daryll Stevens	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
2023	$68,768	$74,320	$211,899	$-5,552
2022	$85,448	$56,163	$218,506	$29,285

Colorado Vocal Arts Ensemble