BRONX CONSERVATORY OF MUSIC INC (EIN 133580300) - 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

2007

Legal Domicile

Principal Officer

DOUGLAS W MEYER

Phone

9174476318

Tax Period

2024-07-01 to 2025-06-30

BRONX CONSERVATORY OF MUSIC INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $412K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $892K represent 26 months of operating reserves.

Mission

TO PROVIDE PRIVATE MUSIC INSTRUCTION OF THE HIGHEST QUALITY TO BRONX CHILDREN AND ADULTS.

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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 $144,772

Program Service Revenue $222,916

Investment Income $43,958

Other Revenue $0

TOTAL REVENUE $411,646

Expense Breakdown

Grants Paid $10,350

Salaries & Benefits $314,007

Fundraising Expenses $0

Program Expenses $325,208

Other Expenses $125,018

TOTAL EXPENSES $449,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,646	$312,597	+0.3%
Expenses	$449,375	$347,358	+0.3%
Net Income	$-37,729	$-34,761	+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

$24,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS W MEYER	PRESIDENT	4.00	Officer Director	$0	$0	$0
DAVID NUSSENBAUM	TREASURER	2.00	Officer Director	$0	$0	$0
BRENDA VINCENT	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELE SLIFKA	EXECUTIVE DIRECTOR	40.00	Officer	$13,650	$10,800	$24,450

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	$411,646	$449,375	$903,971	$-37,729
2024	$312,597	$347,358	$905,858	$-34,761
2023	$346,450	$373,122	$872,420	$-26,672
2022	$270,669	$253,460	$843,717	$17,209
2021	$114,757	$227,049	$947,490	$-112,292
2020	$319,455	$331,028	$834,408	$-11,573
2019	$356,103	$300,979	$908,465	$55,124
2018	$196,425	$274,797	$902,851	$-78,372

BRONX CONSERVATORY OF MUSIC INC