Louisville Chorus Inc

Nonprofit profile at a glance

EIN
310929701
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2012
Location
Louisville, KY, USA
Phone
5023245233
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$150,206
Expenses
$40,450
Assets
$193,594
Liabilities
$1,269

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Joanne Coleman (President)
  • Tracy Snow (Vice President)

People named in this filing

  • Joanne Coleman (President)
  • Tracy Snow (Vice President)
  • Bonnie Laughlin (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

Our mission is: Inspiring, educating, and transforming through music, everywhere we go.

What it reported doing in 2024

The Louisville Chorus produces a season of 8-10 major performances annually, presenting a rich and varied repertoire that includes sacred masterworks, contemporary compositions, American music, patriotic celebrations, holiday traditions, and themed concerts that explore cultural, historical, and emotional narratives. This core programming reflects our mission to enrich the spirit of the community through the power of music.

Operating model

Revenue model
Other-operating. 76% of the money available for current operations came from other operating 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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 82
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 21.1%; rating input score 21
  • Program expense ratio: 78.2%; rating input score 78

Transparency & Controls

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

Sustainability

  • Operating margin: 73.1%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 4.79; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 19.1% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 33.4% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 21.1% of revenue deployed · 78.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Financial Efficiency: Mission deployment rate scored 21/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.