THE ACADEMY OF VOCAL ARTS (EIN 231352001) - 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

1936

Legal Domicile

Principal Officer

SCOTT GUZIELEK

Phone

2157351685

Tax Period

2024-07-01 to 2025-06-30

THE ACADEMY OF VOCAL ARTS, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $51.9M represent 134 months of operating reserves.

Mission

TO DISCOVER & PREPARE PROMISING YOUNG SINGERS FOR SUCCESSFUL INTERNATIONAL CAREERS AS OPERA SOLOISTS

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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 $2,956,521

Program Service Revenue $301,490

Investment Income $1,540,181

Other Revenue $-145,173

TOTAL REVENUE $4,653,019

Expense Breakdown

Grants Paid $345,733

Salaries & Benefits $2,566,380

Fundraising Expenses $442,146

Program Expenses $3,296,051

Other Expenses $1,626,914

TOTAL EXPENSES $4,539,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,653,019	$6,335,470	-0.3%
Expenses	$4,539,027	$4,453,869	+0.0%
Net Income	$113,992	$1,881,601	-0.9%

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

112

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

$353,693

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT GUZIELEK	PRESIDENT/ARTISTIC DIRECTOR	40.00	Officer	$172,000	$18,161	$190,161
CONSTANTINA CHRISTOU	CFO	40.00	Officer	$146,667	$16,865	$163,532
CHRISTOFER MACATSORIS	MUSIC DIRECTOR	40.00	Highest	$154,167	$8,132	$162,299
JASON WARD	DIR. INSTITUTIONAL ADVANCEMENT	40.00	Highest	$101,667	$9,592	$111,259
HAROLD F PITCAIRN II	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SUSAN E KANE	VICE CHAIR & TREASURER	2.00	Officer Director	$0	$0	$0
NEAL W KROUSE	VICE CHAIR & SECRETARY	2.00	Officer Director	$0	$0	$0
DR DIANE COLE AHL	DIRECTOR	2.00	Director	$0	$0	$0
R RANDOLPH APGAR	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE BATCHELOR	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA DONNELLY BENTIVOGLIO	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH BROUDY	DIRECTOR	2.00	Director	$0	$0	$0
ALICE CHASE	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIN DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
JULIE FAIRMAN	DIRECTOR	2.00	Director	$0	$0	$0
LILY FERRY	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT HICKMAN	DIRECTOR	2.00	Director	$0	$0	$0
I GAIL HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
DR RICHARD KENT	DIRECTOR	2.00	Director	$0	$0	$0
ROCHELLE MAGARICK	DIRECTOR	2.00	Director	$0	$0	$0
DR DOUGLAS MANION	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH W MCGUIRE ESQ	DIRECTOR	2.00	Director	$0	$0	$0
MARLENE MILNER	DIRECTOR	2.00	Director	$0	$0	$0
LATONIA MOORE	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE NIVEN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN PARAHUS	DIRECTOR	2.00	Director	$0	$0	$0
MARIA G VOGIATZI PLESTIS MD	DIRECTOR	2.00	Director	$0	$0	$0
DR SUZANNE ROOT ESQ	DIRECTOR	2.00	Director	$0	$0	$0
DR RUTH RYAVE	DIRECTOR	2.00	Director	$0	$0	$0
COREY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
WALTER M STRINE JR ESQ	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD TROXELL II	DIRECTOR	2.00	Director	$0	$0	$0
GORDON M WASE ESQ	DIRECTOR	2.00	Director	$0	$0	$0
DANTE CERZA	DIRECTOR (THRU SEPT 2024)	2.00	Director	$0	$0	$0
P JEFFERY WARDEN	DIRECTOR (THRU JUNE 2025)	2.00	Director	$0	$0	$0
CHARLOTTE WATTS	DIRECTOR (THRU SEPT 2024)	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
2025	$4,653,019	$4,539,027	$54,219,823	$113,992
2024	$6,335,470	$4,453,869	$50,209,537	$1,881,601
2023	$5,310,910	$4,754,641	$46,475,598	$556,269
2022	$5,067,502	$4,208,740	$44,399,477	$858,762
2022	$5,042,502	$4,208,115	$44,375,102	$834,387
2021	$5,493,679	$3,625,898	$52,892,047	$1,867,781
2020	$4,735,145	$4,055,847	$42,855,218	$679,298
2019	$4,713,030	$4,229,862	$42,735,533	$483,168

THE ACADEMY OF VOCAL ARTS