MUSIC CONSERVATORY OF SANDPOINT

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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

2024-08-01 to 2025-07-31

MUSIC CONSERVATORY OF SANDPOINT, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $710K in total revenue in fiscal year 2024. Expenses of $644K left a modest 9% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $451,020 Revenue: $336,025

FORMED IN SEPTEMBER 2009, THE SCHOOL HAS GROWN FROM THREE CLASSES AND 13 STUDENTS TO AN ORGANIZATION THAT NOW BOASTS MULTIPLE GROUP CLASSES, OVER A DOZEN INSTRUCTORS AND MORE THAN 100 STUDENTS.

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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 $306,837

Program Service Revenue $336,025

Investment Income $415

Other Revenue $67,173

TOTAL REVENUE $710,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,586

Fundraising Expenses $64,432

Program Expenses $451,020

Other Expenses $420,727

TOTAL EXPENSES $644,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$710,450	$687,977	+0.0%
Expenses	$644,313	$741,066	-0.1%
Net Income	$66,137	$-53,089	-2.2%

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

$25,821

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARIN WEDEMEYER	EXECUTIVE DIRECTOR	40.00	Director	$25,821	$0	$25,821
FRANK GEISLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARIS UZABEL	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTIANA CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
CURT HAGAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MOYE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF EAKLE	DIRECTOR	1.00	Director	$0	$0	$0
AMY BEAN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN PEEL	TREASURER	1.00	Officer 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	$710,450	$644,313	$1,266,045	$66,137
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