PORTLAND CONSERVATORY OF MUSIC

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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

1995

Legal Domicile

Principal Officer

ARTHUR BORDUAS

Phone

2077753356

Tax Period

2024-07-01 to 2025-06-30

PORTLAND CONSERVATORY OF MUSIC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $899K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $826K left a modest 8% surplus.

Mission

TO ENRICH GENERATIONS OF MUSICIANS BY PROVIDING QUALITY MUSIC EDUCATION AND PRIVATE MUSIC LESSONS TO AS BROAD AN AUDIENCE AS POSSIBLE.

Program Service Accomplishments

Program 1

Expenses: $514,980 Revenue: $562,212

The Conservatory exists to promote music education and foster a musical community in Portland and the surrounding area through lessons,concerts, recitals, symposiums, and classes. The Conservatory...

The Conservatory exists to promote music education and foster a musical community in Portland and the surrounding area through lessons,concerts, recitals, symposiums, and classes. The Conservatory has seen continued growth in enrollment and programs, which include ensembles,classes, private lessons, summer camps, concert series, and an international music festival. The Conservatory produces 6 to 8 newsletters and brochures per year, which are distributed among its larger community, including the student population, alumni, friends,and funders. The Portland Conservatory actively seeks collaboration with other arts institutions and schools in Portland and the surrounding area to further its mission of encouraging the musical life in the City of Portland.

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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 (2024)

Revenue Breakdown

Contributions & Grants $316,204

Program Service Revenue $562,212

Investment Income $11,240

Other Revenue $9,490

TOTAL REVENUE $899,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $601,171

Fundraising Expenses $0

Program Expenses $514,980

Other Expenses $225,100

TOTAL EXPENSES $826,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$899,146	$786,326	+0.1%
Expenses	$826,271	$718,462	+0.2%
Net Income	$72,875	$67,864	+0.1%

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

$82,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LUND ZIEGLER	EXECUTIVE DIRECTOR	040.00	Officer	$82,537	$0	$82,537
DAN NUZZI	PRESIDENT	002.50	Officer Director	$0	$0	$0
SHEILA MCGARR	VICE PRESIDENT	002.50	Officer Director	$0	$0	$0
CHRISTOPHER G KUCHURIS	SECTRETARY	002.50	Officer Director	$0	$0	$0
ARTHUR BORDUAS	TREASURER	002.50	Officer Director	$0	$0	$0
CASEY OAKES	DIRECTOR	001.00	Director	$0	$0	$0
BETSY MAYBERRY	DIRECTOR	001.00	Director	$0	$0	$0
ALLISON PAIGE	DIRECTOR	001.00	Director	$0	$0	$0
JOHN POWELL	DIRECTOR	001.00	Director	$0	$0	$0
JOSEPH O'DONNELL	DIRECTOR	001.00	Director	$0	$0	$0
PAUL BEAVER	DIRECTOR	001.00	Director	$0	$0	$0
ASHLEY DAIGLE	DIRECTOR	001.00	Director	$0	$0	$0
MICHELLE PRITCHARD	DIRECTOR	001.00	Director	$0	$0	$0

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	$899,146	$826,271	$2,030,662	$72,875
2024	$786,326	$718,462	$1,908,191	$67,864
2023	$767,437	$611,124	$1,798,028	$156,313
2022	$945,126	$519,374	$1,611,562	$425,752
2021	$1,519,040	$349,189	$1,440,325	$1,169,851
2020	$392,391	$421,917	$282,184	$-29,526
2019	$471,826	$443,086	$228,803	$28,740
2018	$360,716	$394,968	$230,233	$-34,252