MUSIC CONSERVATORY OF SANDPOINT (EIN 271017841) - 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

KARIN WEDEMEYER

Phone

2082654444

Tax Period

2023-08-01 to 2024-07-31

MUSIC CONSERVATORY OF SANDPOINT, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $688K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF MUSIC CONSERVATORY OF SANDPOINT IS TO PROVIDE AFFORDABLE QUALITY MUSIC EDUCATION, TO NURTURE CREATIVITY AND TO HELP STUDENTS EXPERIENCE THE JOY AND BENEFITS OF MUSIC THROUGH CONTINUOUS CLASSES AND PROGRAMS THAT ARE AVAILABLE TO STUDENTS OF ALL AGES AND ABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $323,454

Program Service Revenue $291,893

Investment Income $0

Other Revenue $72,630

TOTAL REVENUE $687,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $342,675

Fundraising Expenses $74,108

Program Expenses $518,743

Other Expenses $398,391

TOTAL EXPENSES $741,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$687,977	$867,777	-0.2%
Expenses	$741,066	$664,804	+0.1%
Net Income	$-53,089	$202,973	-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

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

$53,180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARIN WEDEMEYER	EXECUTIVE DIRECTOR	40.00	Director	$53,180	$0	$53,180
DANA WHATLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARIS UZABEL	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTIANA CAMPBELL	TREASURER	1.00	Officer Director	$0	$0	$0
CURT HAGAN	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI LUTTMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY BEAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MOYE	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
2024	$687,977	$741,066	$1,209,609	$-53,089
2023	$867,777	$664,804	$1,252,636	$202,973
2022	$718,046	$615,403	$1,006,215	$102,643
2021	$593,638	$445,019	$913,718	$148,619
2020	$449,542	$457,191	$794,696	$-7,649
2019	$521,294	$421,569	$142,092	$99,725
2018	$336,453	$319,242	$43,767	$17,211

MUSIC CONSERVATORY OF SANDPOINT