WILMINGTON CHILDREN'S CHORUS (EIN 844741937) - 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

2020

Legal Domicile

Principal Officer

LIANNA MAGERR

Phone

4849042590

Tax Period

2024-07-01 to 2025-06-30

WILMINGTON CHILDREN'S CHORUS, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $585K in total revenue in fiscal year 2024.

Mission

WILMINGTON CHILDREN'S CHORUS, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT EXISTS TO EMPOWER YOUNG PEOPLE TO CHANGE THEIR WORLD THROUGH MUSIC. THE WILMINGTON CHILDREN'S CHORUS IS COMMITTED TO UNITING DIVERSE YOUTH AND FAMILIES BY PROVIDING FREE AND OPEN ACCESS TO ANY QUALIFIED CHILD, REGARDLESS OF FINANCIAL OR SOCIAL BACKGROUND.

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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 $515,084

Program Service Revenue $48,224

Investment Income $14,785

Other Revenue $6,860

TOTAL REVENUE $584,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $397,795

Fundraising Expenses $41,849

Program Expenses $456,842

Other Expenses $192,931

TOTAL EXPENSES $590,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$584,953	$551,925	+0.1%
Expenses	$590,726	$516,352	+0.1%
Net Income	$-5,773	$35,573	-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

$167,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COLE	CHAIR	1.00	Director	$0	$0	$0
JONATHAN WHITNEY	VICE CHAIR	1.00	Director	$0	$0	$0
TANYA KERNS	TREASURER	1.00	Director	$0	$0	$0
JENNIFER CIPOLLA	SECRETARY	1.00	Director	$0	$0	$0
MADDIE GELLER	MEMBER	1.00	Director	$0	$0	$0
JACINTH MCKENZIE	MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LOCKMAN	MEMBER	1.00	Director	$0	$0	$0
KAREN KEGELMAN	MEMBER	1.00	Director	$0	$0	$0
LIANNA MAGGER	EXECUTIVE DIRECTOR	40.00	Officer	$82,500	$0	$82,500
KIMBERLY DOUCETTE	ARTISTIC DIRECTOR	40.00	Officer	$85,000	$0	$85,000

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	$584,953	$590,726	$495,459	$-5,773
2024	$551,925	$516,352	$497,288	$35,573
2023	$344,704	$401,176	$501,568	$-56,472
2022	$334,349	$311,391	$536,610	$22,958
2021	$415,714	$182,674	$540,184	$233,040

WILMINGTON CHILDREN'S CHORUS