Longmont Chorale Inc
Nonprofit profile at a glance
- EIN
- 742496901
- IRS 990-EZ coverage
- 2020–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2013
- Location
- Longmont, CO, USA
- Phone
- 3036517664
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $70,868
- Expenses
- $80,623
- Assets
- $123,101
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- Bob Balsman (President, Marketing, Fund Raising)
- Kathy Pirie (Guild President)
People named in this filing
- Bob Balsman (President, Marketing, Fund Raising)
- Dale VanZant (Vice Pres, Mbr Rosters, Ticket Sales, Grants, Comm.)
- Deborah Heller (Youth Vocal Coordinator, Board Member)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhance the quality of life for both singers and audience members via performance of choral music.
What it reported doing in 2023
The longmont chorale performed four vocal concerts and one open event to serve the surrounding area. Total attendance was 3,826 paid and unpaid.
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
STRONG - 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: 92
- Transparency & Controls: 82
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.3%; rating input score 96
- Program expense ratio: 84.4%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.8%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 1.53; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 33.5%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 22.8% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 13.9% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 96.3% of revenue deployed · 84.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $68K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2020 to 2023
- Contacts: How to reach this organization
- Money network: 3 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.
- High — Sustainability: Operating margin scored 29/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 5/100.