ROYAL CONSERVATORY OF MUSIC FOUNDA… - Form 990 Financial Data

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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

GARY J GARTNER

Phone

7168541930

Tax Period

2020-09-01 to 2021-08-31

ROYAL CONSERVATORY OF MUSIC FOUNDATION, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $328K in total revenue in fiscal year 2020. Revenue surged 20638% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO CERTAIN QUALIFIYING NONPROFIT ORGANIZATIONS THROUGH THE DISTRIBUTION OF GRANTS.

Program Service Accomplishments

Program 1

Expenses: $332,000 Revenue: $0

TO PROVIDE FINANCIAL ASSISTANCE TO THE ROYAL CONSERVATORY OF MUSIC LOCATED IN TORONTO, ONTARIO, CANADA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $327,018

Program Service Revenue $0

Investment Income $641

Other Revenue $0

TOTAL REVENUE $327,659

Expense Breakdown

Grants Paid $332,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $332,000

Other Expenses $461

TOTAL EXPENSES $332,461

Year-over-Year Comparison

	2020	2019	Change
Revenue	$327,659	$1,580	+206.4%
Expenses	$332,461	$711	+466.6%
Net Income	$-4,802	$869	-6.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY J GARTNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHAUN ST MICHAEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF HILLIS	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN T DUNLAP	MEMBER	1.00	Director	$0	$0	$0
ANTHONY FLYNN	MEMBER	1.00	Director	$0	$0	$0
DAVID J MANNING	MEMBER	1.00	Director	$0	$0	$0
PETER SIMON	MEMBER	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	No data	No data	No data	No data
2021	$327,659	$332,461	$8,861	$-4,802

ROYAL CONSERVATORY OF MUSIC FOUNDATION