COMMUNITY CONSERVATORY OF MUSIC

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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

1988

Legal Domicile

Principal Officer

RACHAEL GALLAGHER

Phone

2153407979

Tax Period

2020-07-01 to 2021-06-30

COMMUNITY CONSERVATORY OF MUSIC, founded in 1988, is a small nonprofit that reported $639K in total revenue in fiscal year 2020. Expenses of $609K left a modest 5% surplus.

Mission

PROVIDE QUALITY ARTS EDUCATION AND CHARITABLE OUTREACH PROGRAMS IN MUSIC, ART, DRAMA AND ARTS THERAPY REGARDLESS OF ABILITY OR ECONOMIC CIRCUMSTANCES.

Program Service Accomplishments

Program 1

Expenses: $492,987 Revenue: $556,874

PROVIDE QUALITY ARTS EDUCATION AND CHARITABLE OUTREACH PROGRAMS IN MUSIC, ART, DRAMA AND ARTS THERAPY REGARDLESSOF ABILITY OR ECONOMIC CIRCUMSTANCES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $86,574

Program Service Revenue $520,928

Investment Income $57

Other Revenue $31,522

TOTAL REVENUE $639,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,962

Fundraising Expenses $50,446

Program Expenses $492,987

Other Expenses $466,196

TOTAL EXPENSES $609,158

Year-over-Year Comparison

	2020	2019	Change
Revenue	$639,081	$663,408	0.0%
Expenses	$609,158	$679,019	-0.1%
Net Income	$29,923	$-15,611	-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

Volunteers

N/A

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

Total Directors

$55,918

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHAEL GALLAGHER	EXECUTIVE DIRECTOR	40.00	Director	$52,318	$3,600	$55,918
CHRISTOPHER PEKULA	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA KOWALSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
JAS SZYGIEL	VICE PRESIDENT	1.00	Director	$0	$0	$0
RICK SHOFF	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE WARTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN KING	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD SAVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON KISHEL	BOARD MEMBER	1.00	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
2021	$639,081	$609,158	$220,582	$29,923
2019	$757,304	$732,147	$220,483	$25,157
2018	$698,591	$696,501	$200,877	$2,090