NUTMEG CONSERVATORY FOR THE ARTS INC (EIN 237396180) - 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

1971

Legal Domicile

Principal Officer

JOSEPH FAZZINO

Phone

8604824413

Tax Period

2024-07-01 to 2025-06-30

NUTMEG CONSERVATORY FOR THE ARTS INC, founded in 1971, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Net assets of $10.8M represent 52 months of operating reserves.

Mission

BALLET TRAINING AND PERFORMANCE.

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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 $121,681

Program Service Revenue $1,982,324

Investment Income $352,928

Other Revenue $33,972

TOTAL REVENUE $2,490,905

Expense Breakdown

Grants Paid $330,542

Salaries & Benefits $820,228

Fundraising Expenses $117,249

Program Expenses $1,985,510

Other Expenses $1,380,362

TOTAL EXPENSES $2,531,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,490,905	$2,359,147	+0.1%
Expenses	$2,531,132	$2,224,261	+0.1%
Net Income	$-40,227	$134,886	-1.3%

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

$110,807

Total Directors

$206,483

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA MAZZARELLI	EXECUTIVE OFFICER	40.00	Officer Director	$107,580	$3,227	$110,807
SHARON E DANTE	FOUNDER	40.00	Director	$85,866	$3,435	$89,301
DR AUDRIE DEROUEN	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA QUINN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BURDICK	DIRECTOR (UNTIL 11/16/24)	1.00	Director	$0	$0	$0
PEGGY HOTCHKISS	DIRECTOR	1.00	Director	$6,375	$0	$6,375
MARC TRIVELLA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN PATTERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL KUNDZINS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FAZZINO	TREASURER / SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN SPRANCE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JONES	DIRECTOR	1.00	Director	$0	$0	$0
TANYA CELADON	DIRECTOR	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
2025	$2,490,905	$2,531,132	$11,492,407	$-40,227
2024	$2,359,147	$2,224,261	$11,282,499	$134,886
2023	$2,287,141	$2,097,735	$11,296,465	$189,406
2022	$2,334,467	$1,988,693	$10,765,307	$345,774
2021	$2,280,759	$1,718,460	$10,547,856	$562,299
2020	$2,331,117	$2,203,912	$9,637,396	$127,205
2019	$2,266,418	$2,280,989	$9,551,915	$-14,571
2018	$2,288,012	$2,096,435	$9,458,599	$191,577

NUTMEG CONSERVATORY FOR THE ARTS INC