CHARLESTON ACADEMY OF MUSIC (EIN 010739765) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

DR IRINA PEVZNER

Phone

8438057794

Tax Period

2023-08-01 to 2024-07-31

CHARLESTON ACADEMY OF MUSIC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $539K in total revenue in fiscal year 2023. The organization ran a surplus of $104K, a strong 19% operating margin.

Mission

THE CHARLESTON ACADEMY OF MUSIC IS COMMITTED TO PROVIDING ACCESS TO EXCEPTIONAL MUSIC EDUCATION, PERFORMANCE AND COMMUNITY OUTREACH TO ALL, REGARDLESS OF AGE, SKILL, GENDER, ETHNICITY OR INCOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $148,662

Program Service Revenue $386,340

Investment Income $2,366

Other Revenue $1,505

TOTAL REVENUE $538,873

Expense Breakdown

Grants Paid $7,600

Salaries & Benefits $123,209

Fundraising Expenses $25,775

Program Expenses $357,472

Other Expenses $304,158

TOTAL EXPENSES $434,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$538,873	$515,436	+0.0%
Expenses	$434,967	$401,936	+0.1%
Net Income	$103,906	$113,500	-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

$61,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED MEYER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDREA PATRICK	SECRETARY	0.50	Officer Director	$0	$0	$0
MARIA CORDOVA	BOARD MEMBER	0.50	Director	$0	$0	$0
THERESA THOMAS	BOARD MEMBER	3.00	Director	$0	$0	$0
DR IRINA PEVZNER	EXECUTIVE DI	40.00	Officer	$61,116	$0	$61,116

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
2024	$538,873	$434,967	$521,969	$103,906
2023	$515,436	$401,936	$415,270	$113,500
2022	$414,301	$376,025	$302,002	$38,276
2021	$433,783	$336,074	$262,698	$97,709
2019	$304,972	$295,105	$236,407	$9,867
2018	$301,253	$281,177	$224,888	$20,076

CHARLESTON ACADEMY OF MUSIC