YOUNG ARTISTS CONSERVATORY OF MUSIC

EIN: 202734913 501(c)(3) Arts, Culture & Humanities

VACAVILLE, CA

Total Revenue
$459,777
Total Expenses
$439,441
Total Assets
$333,021
Net Assets
$156,430
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
Wanda Cook
Phone
7074517200
Tax Period
2023-01-01 to 2023-12-31

YOUNG ARTISTS CONSERVATORY OF MUSIC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $460K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $439K left a modest 4% surplus.

Mission

Young Artists Conservatory of Music is dedicated to excellence in pedagogic musical and theatrical instruction. The conservatory is committed to producing superior and unique musical and theatrical events to further an appreciation for the arts within the community. The conservatory prepares students for advanced studies in college and arts careers.

Program Service Accomplishments

Program 1
Expenses: $135,111 Revenue: $307,717

Young Artists Conservatory of Music YACM provides full service music education for approximately 180 annual enrolled students ages 4 to adult. Students attend various instrumental and vocal private...

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Young Artists Conservatory of Music YACM provides full service music education for approximately 180 annual enrolled students ages 4 to adult. Students attend various instrumental and vocal private semi-private group music lessons and rehearse in. The conservatory produces approximately 20 annual music concerts throughout the year in various community theatres and venues providing students with performance training and collaborative arts experiences which enhance community awareness and appreciation for musical arts for approximately 7000 annual audience members.

Program 2
Expenses: $25,296 Revenue: $43,858

The program of "Music Matters" brings music to schools throughout Vallejo and Fairfield Unified School Districts.

Program 3
Expenses: $2,150 Revenue: $0

YACM enrolls students in Theatre Education under the division name of Solano Youth Theatre SYT. SYT students rehearse for productions each year divided between 2 seasons of childrens theatre. Music...

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YACM enrolls students in Theatre Education under the division name of Solano Youth Theatre SYT. SYT students rehearse for productions each year divided between 2 seasons of childrens theatre. Music students also rehearse to accompany the musicals as part of the pit orchestra. Revenues are received in the form of registration and tuition payments grants fundraising and ticket sales of theatre productions. Expenses are costs associated with the program including employee salaries of the program director and support staff.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $108,164
Program Service Revenue $351,575
Investment Income $38
Other Revenue $0
TOTAL REVENUE $459,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,133
Fundraising Expenses $1,892
Program Expenses $162,557
Other Expenses $288,308
TOTAL EXPENSES $439,441

Year-over-Year Comparison

2023 2022 Change
Revenue $459,777 $410,382 +0.1%
Expenses $439,441 $412,831 +0.1%
Net Income $20,336 $-2,449 -9.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
3
Volunteers
10

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
1
$28,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wanda Cook Executive Director and former Brd Director 60.00
Officer
$28,000 $0 $28,000
Kevin Phillips President of BoD 20.00
Director
$0 $0 $0
Jason Marcus Secretary of BoD 2.00
Director
$0 $0 $0
Mario Valadez Treasurer of BoD 2.00
Director
$0 $0 $0
Christine Brockman Director 5.00
Director
$0 $0 $0
Matthew Thomas Director 2.00
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
2024 No data No data No data No data
2023 $459,777 $439,441 $333,021 $20,336
2022 $410,382 $412,831 $327,734 $-2,449
2021 $272,308 $292,798 $340,163 $-20,490
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