SOUTH SHORE CONSERVATORY OF MUSIC INC (EIN 042470761) - 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

1970

Legal Domicile

Principal Officer

CYNTHIA KREBS-LEE

Phone

7817497565

Tax Period

2023-09-01 to 2024-08-31

SOUTH SHORE CONSERVATORY OF MUSIC INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2023. Expenses of $5.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE SOUTH SHORE MA ACCESS TO QUALITY EDUCATION IN MUSIC AND DANCE.

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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 $1,497,714

Program Service Revenue $2,901,226

Investment Income $20,741

Other Revenue $-135,070

TOTAL REVENUE $4,284,611

Expense Breakdown

Grants Paid $244,213

Salaries & Benefits $3,435,271

Fundraising Expenses $189,904

Program Expenses $3,464,934

Other Expenses $1,382,402

TOTAL EXPENSES $5,061,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,284,611	$4,130,071	+0.0%
Expenses	$5,061,886	$4,959,067	+0.0%
Net Income	$-777,275	$-828,996	-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

114

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

$166,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BATTISTONI SKILLMAN	CHAIR	4.00	Officer Director	$0	$0	$0
VINCENT SPIZIRI	VICE CHAIR	4.00	Officer Director	$0	$0	$0
WILLIAM GAGNON	TREASURER	4.00	Officer Director	$0	$0	$0
GERALD JONES	CLERK	4.00	Officer Director	$0	$0	$0
DAVID BRYAN	TRUSTEE	1.00	Director	$0	$0	$0
MARA CALAME	TRUSTEE	1.00	Director	$0	$0	$0
JANE CARR	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA CLIFFORD	TRUSTEE	1.00	Director	$0	$0	$0
FREDERIC CLIFFORD JR	TRUSTEE	1.00	Director	$0	$0	$0
MOTOKO DEANE	TRUSTEE	1.00	Director	$0	$0	$0
RONALD GOLDBERG	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY HORAN	TRUSTEE	1.00	Director	$0	$0	$0
ERIN HULL	TRUSTEE (UNTIL - 06/24)	1.00	Director	$0	$0	$0
CAROLYN LOUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
DONALD MASSA	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL PALMER	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN PIMPARE	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH SALAH	TRUSTEE	1.00	Director	$0	$0	$0
DEREK R SPENCE	TRUSTEE	1.00	Director	$0	$0	$0
DAWN STANCAVISH	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA BENNETT	TRUSTEE	1.00	Director	$0	$0	$0
MIA ANTONIA	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT CINNANTE JR	PRESIDENT	40.00	Officer	$149,048	$17,349	$166,397

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	$4,284,611	$5,061,886	$6,304,554	$-777,275
2023	$4,130,071	$4,959,067	$6,734,758	$-828,996
2022	$4,763,717	$4,848,340	$7,573,150	$-84,623
2021	$4,813,797	$4,513,945	$8,426,542	$299,852
2021	$3,874,104	$4,513,945	$8,161,029	$-639,841
2020	$4,969,069	$5,317,704	$8,742,442	$-348,635
2019	$5,022,740	$5,557,385	$8,610,642	$-534,645
2018	$5,266,302	$5,670,263	$8,698,775	$-403,961

SOUTH SHORE CONSERVATORY OF MUSIC INC