CONSERVATORY LAB FOUNDATION INC

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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

1998

Legal Domicile

Principal Officer

MELANIE SHEFFIELD

Phone

6172548904

Tax Period

2024-07-01 to 2025-06-30

CONSERVATORY LAB FOUNDATION INC, founded in 1998, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Expenses of $5.9M exceeded revenue, resulting in a 113% operating deficit.

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT THE DISSEMINATION OF LEARNING THROUGH MUSIC AS AN EDUCATIONAL MODEL.

Program Service Accomplishments

Program 1

Expenses: $3,556,037 Revenue: $2,272,505

THE FOUNDATION RAISED FUNDS TO RENOVATE THE LOWER SCHOOL BUILDING, THUS BENEFITING THE PROGRAMS FOR THE DISSEMINATION OF LEARNING THRU MUSIC AS AN EDUCATIONAL MODEL

Program 2

Expenses: $566,125 Revenue: $1,091,967

THE FOUNDATION RAISED FUNDS TO BENEFIT THE PROGRAMS FOR THE DISSEMINATION OF LEARNING THRU MUSIC AS AN EDUCATIONAL MODEL

Program 3

Expenses: $1,375,715 Revenue: $13,527

CONSERVATORY LAB FOUNDATION LEASED A BUILDING TO CONSERVATORY LAB CHARTER SCHOOL.

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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 $3,364,472

Program Service Revenue $13,527

Investment Income $314,279

Other Revenue $-901,076

TOTAL REVENUE $2,791,202

Expense Breakdown

Grants Paid $4,122,162

Salaries & Benefits $320,793

Fundraising Expenses $422,713

Program Expenses $5,497,877

Other Expenses $1,496,665

TOTAL EXPENSES $5,939,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,791,202	$2,665,526	+0.0%
Expenses	$5,939,620	$2,047,940	+1.9%
Net Income	$-3,148,418	$617,586	-6.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHARINE M PELL	CLERK & CLASS B DIRECTOR	2.00	Officer Director	$0	$0	$0
DOT JOYCE	CLASS A DIRECTOR	0.25	Director	$0	$0	$0
DEBRA L SMITH	ASSISTANT CLERK & CLASS A	0.25	Officer Director	$0	$0	$0
BRADLEY F RICHARDSON	CLASS B DIRECTOR	1.00	Director	$0	$0	$0
GARY GUT	CLASS B DIRECTOR	1.00	Director	$0	$0	$0
MELANIE SHEFFIELD	PRESIDENT & CLASS A DIRECT	3.00	Officer Director	$0	$0	$0
SHIPPEN PAGE	CLASS A DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GRINBERG	TREASURER & CLASS B DIRECTOR	1.00	Officer Director	$0	$0	$0
ANN CARTER	CLASS A DIRECTOR	1.00	Director	$0	$0	$0
RACHEL KEMP	CLASS A DIRECTOR	1.00	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	$2,791,202	$5,939,620	$43,771,214	$-3,148,418
2024	$2,665,526	$2,047,940	$25,269,182	$617,586
2023	$2,021,236	$1,938,796	$24,981,246	$82,440
2022	$3,251,807	$1,797,928	$26,012,397	$1,453,879
2021	$900,646	$4,673,459	$26,942,371	$-3,772,813
2019	$4,184,703	$2,063,848	$13,067,105	$2,120,855