PORTLAND GAY MEN'S CHORUS (EIN 930776616) - 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

1980

Legal Domicile

Principal Officer

KENTON POPOVICH

Phone

5032262588

Tax Period

2023-09-01 to 2024-08-31

PORTLAND GAY MEN'S CHORUS, founded in 1980, is a small nonprofit that reported $709K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

EDUCATION THROUGH CHORAL PERFORMANCES-THE PORTLAND GAY MEN'S CHORUS ASPIRES TO EXPAND, REDEFINE, AND PERFECT THE CHORAL ART THROUGH ECLECTIC PERFORMANCES THAT HONOR AND UPLIFT OUR COMMUNITY AND AFFIRM THE WORTH OF ALL PEOPLE.

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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 $468,718

Program Service Revenue $237,890

Investment Income $5,245

Other Revenue $-3,213

TOTAL REVENUE $708,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,178

Fundraising Expenses $82,977

Program Expenses $497,300

Other Expenses $408,489

TOTAL EXPENSES $719,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$708,640	$774,223	-0.1%
Expenses	$719,667	$787,749	-0.1%
Net Income	$-11,027	$-13,526	-0.2%

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

228

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

$84,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE PASSADORE	CHAIR	10.00	Officer Director	$0	$0	$0
GARY CARROLL	VICE CHAIR	10.00	Officer Director	$0	$0	$0
STEVE FULMER	SECRETARY	10.00	Officer Director	$0	$0	$0
KENTON POPOVICH	TREASURER	10.00	Officer Director	$0	$0	$0
TIM BARTUNEK	DIRECTOR	2.00	Director	$0	$0	$0
GARY BEAGLE	DIRECTOR	2.00	Director	$0	$0	$0
H DWAYNE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
DANE LENON	DIRECTOR	2.00	Director	$0	$0	$0
EDDIE MAY	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA OSBORNE	DIRECTOR	2.00	Director	$0	$0	$0
CARMEN RUBIO	DIRECTOR	2.00	Director	$0	$0	$0
TYLER SMART	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW WOODBURN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD JUNG	EXECUTIVE DIRECTOR, OUTGOING	40.00	Officer	$37,085	$6,556	$43,641
MARK MCCRARY	EXECUTIVE DIRECTOR, INCOMING	40.00	Officer	$36,075	$5,088	$41,163

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	$708,640	$719,667	$429,925	$-11,027
2023	$774,223	$787,749	$440,244	$-13,526
2022	$633,099	$584,329	$363,429	$48,770
2021	$489,160	$346,864	$356,433	$142,296
2020	$538,561	$447,224	$212,262	$91,337
2019	$456,910	$615,221	$146,001	$-158,311
2018	$810,520	$895,791	$290,266	$-85,271

PORTLAND GAY MEN'S CHORUS