VOCAL ARTISTS OF IOWA (EIN 873054188) - 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

2021

Legal Domicile

Principal Officer

DAVID HAAS

Phone

3092218618

Tax Period

2023-01-01 to 2023-12-31

VOCAL ARTISTS OF IOWA, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $12K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

VOCAL ARTISTS OF IOWA IS A VOLUNTEER CHOIR WITH THE EDUCATIONAL PURPOSE TO PROMOTE CHORAL ARTS IN EASTERN IOWA (TREAS. REG. 1.501C3-1(D)3(II)EX.4). IT SPONSORS PUBLIC CONCERTS OF LOCAL ARTISTS AND DISSEMINATES INSTRUCTIONAL ITEMS TO HIGH SCHOOLERS.

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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 $2,725

Program Service Revenue $9,117

Investment Income $0

Other Revenue $251

TOTAL REVENUE $12,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,028

Other Expenses $13,228

TOTAL EXPENSES $13,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,093	$10,561	+0.1%
Expenses	$13,228	$4,957	+1.7%
Net Income	$-1,135	$5,604	-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

N/A

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
DAVID HAAS	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
LYN CURRY	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
SARAH HAAS	DIRECTOR/VICE PRESIDENT	1.00	Officer 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	$12,093	$13,228	$4,469	$-1,135
2022	$10,561	$4,957	$5,604	$5,604
2021	No data	No data	No data	No data

VOCAL ARTISTS OF IOWA