MASTERWORKS CHORALE SOCIETY (EIN 942901785) - 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

1964

Legal Domicile

Principal Officer

CATHARINE RIGGS

Phone

6509186225

Tax Period

2023-07-01 to 2024-06-30

MASTERWORKS CHORALE SOCIETY, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $419K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $78K, a strong 19% operating margin.

Mission

MUSIC EDUCATION, CHORAL REHEARSALS AND PERFORMANCES

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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 $280,943

Program Service Revenue $127,381

Investment Income $10,432

Other Revenue $0

TOTAL REVENUE $418,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,186

Fundraising Expenses $44,154

Program Expenses $205,634

Other Expenses $139,343

TOTAL EXPENSES $340,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$418,756	$370,653	+0.1%
Expenses	$340,529	$235,099	+0.4%
Net Income	$78,227	$135,554	-0.4%

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

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

$85,046

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHARINE RIGGS	PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHERINE BARTHOLOMEW	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
GEOFFREY DOTTERY	TREASURER	3.00	Officer Director	$0	$0	$0
SUZANNE HOM	SECRETARY	3.00	Officer Director	$0	$0	$0
LAUREN ESTES	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BARMAN	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN KORN	DIRECTOR	2.00	Director	$0	$0	$0
KRISTA HANSON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HOOPER	DIRECTOR	2.00	Director	$0	$0	$0
POLLY MOORE	DIRECTOR	2.00	Director	$0	$0	$0
JESSIE SIMPSON LA GOY	DIRECTOR	2.00	Director	$0	$0	$0
FREDERICK SANDSMARK	DIRECTOR	2.00	Director	$0	$0	$0
DB SPAHN	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN BAKER	ARTISTIC DIRECTOR	8.00	Key Emp	$36,544	$0	$36,544
ERIN RENFROE	EXECUTIVE DIRECTOR	20.00	Key Emp Highest	$48,502	$0	$48,502

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	$418,756	$340,529	$456,648	$78,227
2023	$370,653	$235,099	$375,148	$135,554
2022	$212,487	$195,400	$240,305	$17,087
2021	$191,184	$140,329	$218,639	$50,855
2020	$239,095	$167,041	$167,869	$72,054
2019	$228,995	$220,584	$95,712	$8,411
2018	$262,951	$229,714	$91,566	$33,237

MASTERWORKS CHORALE SOCIETY