CONCORD CONSERVATORY OF MUSIC 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

2005

Legal Domicile

Principal Officer

KATHERINE F YODER

Phone

9783690010

Tax Period

2024-09-01 to 2025-08-31

CONCORD CONSERVATORY OF MUSIC INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $919K, a strong 39% operating margin.

Mission

TO CULTIVATE THE LOVE AND LIFELONG BENEFITS OF MUSIC THROUGH HIGH-QUALITY, ACCESSIBLE INSTRUCTION, PERFORMANCE AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,004,670 Revenue: $1,022,988

PROVIDED PRIVATE LESSONS AND GROUP LESSONS TO OVER 670 STUDENTS. THE NEEDS OF UNDERSEVERED COMMUNITIES WERE MET THROUGH FREE OR LOW COST GROUP CLASSES DESIGNED FOR ADULTS WITH PARKINSON'S, SENIORS...

PROVIDED PRIVATE LESSONS AND GROUP LESSONS TO OVER 670 STUDENTS. THE NEEDS OF UNDERSEVERED COMMUNITIES WERE MET THROUGH FREE OR LOW COST GROUP CLASSES DESIGNED FOR ADULTS WITH PARKINSON'S, SENIORS, AND CHILDREN ATTENDING THE ASSABET VALLEY BOYS AND GIRLS CLUB. FINANCIAL ASSISTANCE TOTALING $19,909 WAS PROVIDED TO STUDENTS WITH A DEMONSTRATED NEED, SO THEY TOO COULD EXPERIENCE THE BENEFITS OF A MUSIC EDUCATION. ADDITIONAL MUSIC EDUCATION OPPORTUNITIES WERE PROVIDED TO STUDENTS INCLUDING MUSIC THEORY, WORKSHOPS, AND MASTERS CLASSES. PERFORMANCE OPPORTUNITIES WERE PROVIDED TO THE LARGER COMMUNITY INCLUDING THE CONCERT AND LECTURE SERIES, RECITALS, LOW COST WORKSHOPS, ENSEMBLES AND COMMUNITY JAMS.

Program 2

N/A

Program 3

N/A

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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 $1,045,362

Program Service Revenue $1,022,988

Investment Income $299,823

Other Revenue $0

TOTAL REVENUE $2,368,173

Expense Breakdown

Grants Paid $19,909

Salaries & Benefits $1,086,414

Fundraising Expenses $207,764

Program Expenses $1,004,670

Other Expenses $315,744

TOTAL EXPENSES $1,449,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,368,173	$1,163,221	+1.0%
Expenses	$1,449,507	$1,248,573	+0.2%
Net Income	$918,666	$-85,352	-11.8%

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

$177,614

Total Directors

$105,290

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE F YODER	EXECUTIVE DIRECTOR	40.00	Officer Director	$102,308	$2,982	$105,290
AMANDA HICKMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
EVAN RICKER	TREASURER	2.00	Officer Director	$0	$0	$0
TENLEY O'SHAUGHNESSY	CLERK	2.00	Officer Director	$0	$0	$0
PETER BLUM	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN CAMP	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIA GARMEY	DIRECTOR	1.00	Director	$0	$0	$0
JACK KELLEHER	DIRECTOR	1.00	Director	$0	$0	$0
ALISON RUCH	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COBBS	DIRECTOR	1.00	Director	$0	$0	$0
FAITH PROCTOR	FINANCE MANAGER	37.56	Officer	$70,293	$2,031	$72,324

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	$2,368,173	$1,449,507	$2,143,257	$918,666
2024	$1,163,221	$1,248,573	$1,228,229	$-85,352
2023	$1,165,558	$1,097,177	$1,120,709	$68,381
2022	$905,117	$960,665	$949,987	$-55,548
2021	$1,110,682	$823,178	$1,158,065	$287,504
2020	$1,015,303	$985,026	$852,853	$30,277
2019	$899,426	$894,380	$661,329	$5,046
2018	$810,097	$840,294	$648,355	$-30,197