ART HOUSE ASTORIA CONSERVATORY FOR MUSIC AND ART INC (EIN 270940116) - 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

2009

Legal Domicile

Principal Officer

Micah Burgess

Phone

3477384148

Tax Period

2024-07-01 to 2025-06-30

ART HOUSE ASTORIA CONSERVATORY FOR MUSIC AND ART INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $548K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

To bring affordable art and music education to Astoria and the surrounding Queens area.

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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 $42,338

Program Service Revenue $501,724

Investment Income $1

Other Revenue $4,344

TOTAL REVENUE $548,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,663

Fundraising Expenses $9,765

Program Expenses $493,739

Other Expenses $185,324

TOTAL EXPENSES $574,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,407	$449,105	+0.2%
Expenses	$574,987	$498,431	+0.2%
Net Income	$-26,580	$-49,326	-0.5%

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

$33,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Micah Burgess	Executive Dir.	20.00	Officer	$33,292	$0	$33,292
Bronwyn Burke	President	1.00	Officer Director	$0	$0	$0
Patrick Redding	Vice President	1.00	Officer Director	$0	$0	$0
Lynda Kennedy	Treasurer	1.00	Officer Director	$0	$0	$0
Sue Landis	Secretary	1.00	Officer Director	$0	$0	$0
Aniko Domokos	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
2025	$548,407	$574,987	$82,185	$-26,580
2024	$449,105	$498,431	$52,150	$-49,326
2023	$413,096	$384,820	$86,358	$28,276
2022	$288,037	$385,814	$82,580	$-97,777
2022	$289,703	$386,339	$83,721	$-96,636
2021	$246,862	$252,761	$68,496	$-5,899
2020	$274,538	$318,554	$78,817	$-44,016
2019	$309,630	$313,424	$20,571	$-3,794
2018	$238,644	$230,805	$24,268	$7,839

ART HOUSE ASTORIA CONSERVATORY FOR MUSIC AND ART INC