THE MUSIC CONSERVATORY OF WESTCHESTER INC (EIN 136007082) - 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

1938

Legal Domicile

Principal Officer

JEAN NEWTON

Phone

9147613715

Tax Period

2024-07-01 to 2025-06-30

THE MUSIC CONSERVATORY OF WESTCHESTER INC, founded in 1938, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2024.

Mission

THE CONSERVATORY PROVIDES THE EXTRAORDINARY BENEFITS TO ALL IN OUR COMMUNITY. WE ACCOMPLISH THIS THROUGH (1) OUR COMPREHENSIVE MUSIC INSTRUCTION PROGRAM WHICH PROVIDES INSTRUMENTAL LESSONS, MUSIC THEORY, GROUP CLASSES, PERFORMING ENSEMBLES, EARLY CHILDHOOD PROGRAMS, LIFELONG LEARNING FOR ADULTS, AND OVER 75 STUDENTS AND FACULTY PERFORMANCES EACH YEAR; AND (2) OUR MUSIC THERAPY INSTITUTE WHICH PROVIDES INDIVIDUAL AND GROUP MUSIC THERAPY AS WELL AS ADAPTED INSTRUMENTAL INSTRUCTION FOR CHILDREN AND ADULTS WITH DISABILITIES.

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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 $929,229

Program Service Revenue $2,447,308

Investment Income $73,936

Other Revenue $142,168

TOTAL REVENUE $3,592,641

Expense Breakdown

Grants Paid $175,744

Salaries & Benefits $2,499,219

Fundraising Expenses $326,193

Program Expenses $3,189,472

Other Expenses $1,048,946

TOTAL EXPENSES $3,727,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,592,641	$3,420,687	+0.1%
Expenses	$3,727,209	$3,455,376	+0.1%
Net Income	$-134,568	$-34,689	+2.9%

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

109

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

$209,607

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODD BERRO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOEL BRIETKOPF	PRESIDENT	2.00	Officer Director	$0	$0	$0
HOLLY TANG	TREASURER	2.00	Officer Director	$0	$0	$0
NANCY GOODMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN ACCETTA	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT AUSTER	TRUSTEE	1.00	Director	$0	$0	$0
MARY LYNN BIANCO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BOTTOMLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARINA BURKE	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH CHANG	TRUSTEE	1.00	Director	$0	$0	$0
GABE GALANSKI	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR GOLDSMITH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HEATH	TRUSTEE	1.00	Director	$0	$0	$0
CLAUDIA HUESTON	TRUSTEE	1.00	Director	$0	$0	$0
NANCY IVES	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA MERANDA	TRUSTEE	1.00	Director	$0	$0	$0
TONY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA TABER	TRUSTEE	1.00	Director	$0	$0	$0
JEAN NEWTON	EXECUTIVE DIRECTOR	40.00	Officer	$112,818	$400	$113,218
BEVIN LEMERE	DIRECTOR OF FINANCE	40.00	Officer	$95,964	$425	$96,389
DOUG BISH	DEAN OF STUDENTS THRU 11/2025	40.00	Highest	$101,340	$350	$101,690
LISA SANDAGATA	DIRECTOR OF OUTREACH	40.00	Highest	$101,427	$12,263	$113,690
SONG ZHANG	ASSOCIATE DEAN	40.00	Highest	$111,653	$14,952	$126,605

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	$3,592,641	$3,727,209	$9,874,553	$-134,568
2024	$3,420,687	$3,455,376	$10,062,757	$-34,689
2023	$3,484,657	$3,226,622	$10,181,660	$258,035
2022	$4,269,048	$2,835,254	$10,040,121	$1,433,794
2021	$2,521,437	$2,738,988	$9,526,127	$-217,551
2020	$3,493,343	$3,150,935	$8,955,211	$342,408
2019	$3,334,737	$3,281,349	$8,574,634	$53,388
2018	$3,180,245	$3,158,120	$8,695,471	$22,125

THE MUSIC CONSERVATORY OF WESTCHESTER INC