Salt Lake Choral Artists (EIN 870616037) - 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

2006

Legal Domicile

Principal Officer

David Reeder

Phone

8012327521

Tax Period

2023-09-01 to 2024-08-31

Salt Lake Choral Artists, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $341K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $378K exceeded revenue, resulting in a 11% operating deficit.

Mission

Through world-class performances, to provide opportunities for performer and listener alike to experience the transcendence, humanity and hope inspired by music.

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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 (2023)

Revenue Breakdown

Contributions & Grants $162,169

Program Service Revenue $166,786

Investment Income $0

Other Revenue $12,220

TOTAL REVENUE $341,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,323

Fundraising Expenses $10,765

Program Expenses $302,289

Other Expenses $304,839

TOTAL EXPENSES $378,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,175	$410,484	-0.2%
Expenses	$378,162	$385,379	0.0%
Net Income	$-36,987	$25,105	-2.5%

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brady Allred	Artistic Director	40.00		$90,000	$0	$90,000
David Reeder	Managing Direct	40.00	Officer	$50,000	$0	$50,000
Liz Jenkins	Board Member	1.00	Director	$0	$0	$0
Doyle Johnson	BoardVice Chair	1.00	Director	$0	$0	$0
Ruth Adolphson	Board Secretary	1.00	Director	$0	$0	$0
Doug Jacobs	Board Member	1.00	Director	$0	$0	$0
Beth Bruce	Board Member	1.00	Director	$0	$0	$0
Heidi Clarke	Board Member	1.00	Director	$0	$0	$0
Gareth Mitchell	Board Chair	0.00	Director	$0	$0	$0
Jennifer May	Board Member	0.00	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
2024	$341,175	$378,162	$797,355	$-36,987
2023	$410,484	$385,379	$833,929	$25,105
2022	$405,162	$392,005	$802,777	$13,157
2021	$310,044	$242,307	$824,184	$67,737
2020	$225,075	$295,020	$801,224	$-69,945
2019	$367,313	$389,579	$814,065	$-22,266
2018	$313,100	$336,750	$838,149	$-23,650

Salt Lake Choral Artists