The Schola Cantorum (EIN 942597822) - 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

1979

Legal Domicile

Principal Officer

Byron Rovegno

Phone

6502541700

Tax Period

2023-07-01 to 2024-06-30

The Schola Cantorum, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $180K left a modest 12% surplus.

Mission

Schola Cantorum connects people with the joy of singing through moving performances, educational and community programs, and collaborations with local artists.

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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 $163,624

Program Service Revenue $42,054

Investment Income $3,130

Other Revenue $-4,650

TOTAL REVENUE $204,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,306

Fundraising Expenses $0

Program Expenses $94,126

Other Expenses $76,486

TOTAL EXPENSES $179,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,158	$223,710	-0.1%
Expenses	$179,792	$207,011	-0.1%
Net Income	$24,366	$16,699	+0.5%

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

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
Byron Rovegno	Treasurer	4.00	Officer Director	$0	$0	$0
Ann Yvonne Walker	Director	2.00	Director	$0	$0	$0
Melanie Ercoli	Director	2.00	Director	$0	$0	$0
Karen Boyd	Director	2.00	Director	$0	$0	$0
Beverly Hansberry	Secretary	2.00	Officer Director	$0	$0	$0
Jay Loucks	Vice Chair	2.00	Officer Director	$0	$0	$0
Glenn Serre	Director	2.00	Director	$0	$0	$0
David Jones	Board Chair	2.00	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
2025	No data	No data	No data	No data
2024	$204,158	$179,792	$197,463	$24,366
2023	$223,710	$207,011	$173,097	$16,699
2022	$141,544	$166,528	$156,398	$-24,984
2021	$87,590	$106,653	$181,652	$-19,063
2020	$211,359	$195,460	$200,715	$15,899
2019	$248,935	$235,281	$184,816	$13,654

The Schola Cantorum