PACIFIC INTERNATIONAL CHORAL FESTIVALS (EIN 931257065) - 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

1998

Principal Officer

PETER ROBB

Phone

5414659600

Tax Period

2022-10-01 to 2023-09-30

PACIFIC INTERNATIONAL CHORAL FESTIVALS, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2022. Revenue surged 290% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 57% operating margin.

Mission

THE MISSION OF PACIFIC INTERNATIONAL CHORAL FESTIVALS (PICFEST) IS TO PROVIDE THE HIGHEST LEVEL OF CHORAL MUSIC TRAINING AND PERFORMING EXPERIENCE FOR YOUNG PEOPLE AS A MEANS TO DEVELOP THE WHOLE PERSON. WE ACHIEVE THIS THROUIGH PROGRAMMING THAT CHALLENGES PARTICIPANTS OF ALL LEVELS OF SKILL AND DEVELOPMENT; CREATING AN ATMOSPHERE OF GENEROSITY AND RESPECT THAT HONORS EVERYONE'S CONTRIBUTIONS; PROVIDING A NONCOMPETITIVE FORMAT; AMD HAVING A PROVEN TRACK RECORD WHICH DEMONSTRATES THAT YOUNG PEOPLE MAKING BEAUTIFUL MUSIC CAN MAKE YOUNG PEOPLE BEAUTIFUL.

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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 $45,794

Program Service Revenue $163,552

Investment Income $0

Other Revenue $0

TOTAL REVENUE $209,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,489

Fundraising Expenses $2,657

Program Expenses $61,632

Other Expenses $60,224

TOTAL EXPENSES $89,713

Year-over-Year Comparison

	2022	2021	Change
Revenue	$209,346	$53,610	+2.9%
Expenses	$89,713	$55,270	+0.6%
Net Income	$119,633	$-1,660	-73.1%

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

$21,000

Total Directors

$21,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ROBB	ARTISTIC/EXE	6.00	Officer Director	$21,000	$0	$21,000
ELAINE ERWIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSHUA DANIELS	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN TRUAX	TREASURER	1.00	Officer Director	$0	$0	$0
PHIL BARNHART	DIRECTOR	0.50	Director	$0	$0	$0
JAY MOORE	DIRECTOR	0.50	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	$209,346	$89,713	$124,790	$119,633
2023	$209,346	$159,530	$124,790	$49,816
2022	$53,610	$55,270	$6,143	$-1,660
2021	$45,574	$41,134	$11,222	$4,440
2019	$224,429	$202,775	$22,731	$21,654
2018	$108,691	$201,554	$12,914	$-92,863

PACIFIC INTERNATIONAL CHORAL FESTIVALS