TACOMA YOUTH CHORUS

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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

Dr Nicholas Lockey

Phone

2535881391

Tax Period

2024-07-01 to 2025-06-30

TACOMA YOUTH CHORUS, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $295K in total revenue in fiscal year 2024.

Mission

Transforming the lives of youth through choral artistry and the ensemble experience.

Program Service Accomplishments

Program 1

Expenses: $242,841 Revenue: $174,595

Provide choral music training, education and performance opportunities to local youth in grades 1-12.

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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 $116,691

Program Service Revenue $177,978

Investment Income $325

Other Revenue $0

TOTAL REVENUE $294,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,799

Fundraising Expenses $11,036

Program Expenses $242,841

Other Expenses $102,783

TOTAL EXPENSES $308,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,994	$300,080	0.0%
Expenses	$308,582	$303,164	+0.0%
Net Income	$-13,588	$-3,084	+3.4%

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

N/A

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

$113,373

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicholas Lockey	Managing Director	40	Key Emp Highest	$61,633	$0	$61,633
Judith Herrington	Executive Director	24	Key Emp	$51,740	$0	$51,740
Grant Blinn	President	1	Officer Director	$0	$0	$0
Elizabeth Fortenbery	Vice President	1	Officer Director	$0	$0	$0
Tereasa Gandhi	Treasurer	1	Officer Director	$0	$0	$0
Katie Tuite	Secretary	1	Officer Director	$0	$0	$0
Kasey Eck	Member at Large	0.5	Director	$0	$0	$0
Toryono Green	Board Member	0.5	Director	$0	$0	$0
Kathryn Habedank	Board Member	0.5	Director	$0	$0	$0
Diane Hunt	Board Member	1	Director	$0	$0	$0
Phillip Inouye	Board Member	0.5	Director	$0	$0	$0
Barry Johnsrud	Board Member	0.5	Director	$0	$0	$0
Kalyn Kinomoto	Board Member	0.5	Director	$0	$0	$0
Liberty Pierce	Board Member	0.5	Director	$0	$0	$0
Siri Preston	Board Member	0.5	Director	$0	$0	$0
Tim Wrye	Board Member	0.5	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
2025	$294,994	$308,582	$104,663	$-13,588
2024	$300,080	$303,164	$128,617	$-3,084
2023	$281,483	$298,315	$129,518	$-16,832
2022	$324,471	$290,959	$143,466	$33,512
2021	$228,949	$200,417	$135,610	$28,532
2019	$303,225	$310,827	$115,978	$-7,602
2018	$285,887	$291,860	$98,153	$-5,973