City of Light Performing Arts (EIN 911223378) - 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

1983

Legal Domicile

Principal Officer

Frederick W Coleman

Phone

2063631100

Tax Period

2022-08-01 to 2023-07-31

City of Light Performing Arts, founded in 1983, is a small nonprofit that reported $208K in total revenue in fiscal year 2022. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 35% operating margin.

Mission

The Seattle Choral Company is committed to being a voice of excellence in choral singing - in all its diversity - as an experience that builds and enriches community. We are an adult community choir comprising volunteer singers who present a series of public concerts to the community each year.

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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 $197,699

Program Service Revenue $21,318

Investment Income $355

Other Revenue $-11,607

TOTAL REVENUE $207,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,983

Fundraising Expenses $26,947

Program Expenses $58,036

Other Expenses $86,024

TOTAL EXPENSES $135,007

Year-over-Year Comparison

	2022	2021	Change
Revenue	$207,765	$65,529	+2.2%
Expenses	$135,007	$86,034	+0.6%
Net Income	$72,758	$-20,505	-4.5%

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

100

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

$45,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frederick W Coleman	Artistic Director	40.00	Key Emp	$45,000	$0	$45,000
James Thompson	Board President	4.00	Officer Director	$0	$0	$0
Fred Heidrich	Board VicePresident	2.00	Officer Director	$0	$0	$0
Rebecca Young	Board Treasurer	4.00	Officer Director	$0	$0	$0
Kyle Schlagel	Board Secretary	2.00	Officer Director	$0	$0	$0
David J Audet Jr	Board Member	2.00	Director	$0	$0	$0
Sierra McDowellNardine	Board Member	2.00	Director	$0	$0	$0
Heather Shaw	Board Member	2.00	Director	$0	$0	$0
Anne Tiura	Board Member	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	$207,765	$135,007	$175,756	$72,758
2021	$80,910	$45,590	$123,663	$35,320
2020	$102,708	$86,585	$101,662	$16,123

City of Light Performing Arts