ABQ Coro Lux

Nonprofit profile at a glance

EIN
475561266
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Albuquerque, NM, USA
Phone
5053282749
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Singing, Choral

Reported finances

Revenue
$190,013
Expenses
$179,501
Assets
$14,886
Liabilities
$1,076

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Katy Anderson (Vice President)
  • Keith Hinds (President)

People named in this filing

  • Bradley Ellingboe (Artistic Director)
  • Katy Anderson (Vice President)
  • Robert Croft (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Coro Lux is dedicated to the preparation and performance of great choral music for the enrichment and delight of our audiences and ourselves, and to propagating love of the choral are in the next generation of singers.

What it reported doing in 2024

Coro Lux performs concerts in Albuquerque and Santa Fe, provides scholarshipopportunities and collaborates with singers and instrumentalists.Music selections include classical and contemporary compisitions.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.6%; rating input score 86
  • Program expense ratio: 90.6%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 5.5%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 20.5% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 32.4% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 85.6% of revenue deployed · 90.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $163K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.