CONCORD CONSERVATORY OF MUSIC INC (EIN 202724666) - 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

2005

Legal Domicile

Principal Officer

KATHERINE F YODER

Phone

9783690010

Tax Period

2023-09-01 to 2024-08-31

CONCORD CONSERVATORY OF MUSIC INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

CULTIVATE THE LOVE AND LIFELONG BENEFITS OF MUSIC THROUGH HIGH QUALITY, ACCESSIBLE INSTRUCTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $148,722

Program Service Revenue $986,963

Investment Income $27,536

Other Revenue $0

TOTAL REVENUE $1,163,221

Expense Breakdown

Grants Paid $18,656

Salaries & Benefits $947,148

Fundraising Expenses $89,193

Program Expenses $955,313

Other Expenses $282,769

TOTAL EXPENSES $1,248,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,163,221	$1,165,558	0.0%
Expenses	$1,248,573	$1,097,177	+0.1%
Net Income	$-85,352	$68,381	-2.2%

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

$157,017

Total Directors

$90,353

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE F YODER	EXECUTIVE DIRECTOR	40.00	Officer Director	$87,883	$2,470	$90,353
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
FAITH PROCTOR	FINANCE MANAGER	38.19	Officer	$64,800	$1,864	$66,664

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
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

CONCORD CONSERVATORY OF MUSIC INC