Hopewell Valley Youth Chorale Inc

Nonprofit profile at a glance

EIN
753215709
IRS 990-EZ coverage
2010–2016
Forms available
Form 990-EZ 2016
Location
Hopewell, NJ, USA
Phone
6096515474
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Singing, Choral

Official website

Reported finances

Revenue
$71,993
Expenses
$77,732
Assets
$10,107
Liabilities
$6,983

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • WILLIAM ALFORD (EXECUTIVE DI)
  • ELLYN ITO (BOARD CHAIR)
  • JENNIFER GHANNAM (MANAGING DIR)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide boys and girls in the greater hopewell area an opportunity to explore, prepare and perform a diverse repertoire of choral music. Through regular participation in this community-based ensemble, children develop musical skills through ear training, sight reading and rhythmic activities, age-appropriate vocal technique, artistic and personal expression through the performance of great choral literature, self-discipline and social skills, commitment to serve others through the gift of song, and cultural awareness of the role that music plays in the local community and beyond.

What it reported doing in 2016

Through regular participation in this community-based ensemble, children develop musical skills through ear training, sight reading and rhythmic activities, age-appropriate vocal technique, artistic and personal expression through the performance of great choral literature, self- discipline and social skills, commitment to serve others through the gift of song, and cultural awareness of the role that music plays in the local community and beyond.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

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

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 82
  • Sustainability: 20
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.5%; rating input score 81
  • Program expense ratio: 74.6%; rating input score 75

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -8%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 20.6%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 23.8% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 17.1% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: -11.5% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 80.5% of revenue deployed · 74.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $58K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.