VANDERCOOK COLLEGE OF MUSIC (EIN 362539399) - 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

1909

Legal Domicile

Principal Officer

DR ROSEANNE K ROSENTHAL

Phone

3122256288

Tax Period

2022-08-01 to 2023-07-31

VANDERCOOK COLLEGE OF MUSIC, founded in 1909, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Expenses of $6.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO ENRICH THE LIVES OF PRESENT AND FUTURE GENERATIONS THROUGH THE PREPARATION OF TEACHERS IN INSTRUMENTAL, CHORAL, AND GENERAL MUSIC DISCIPLINES. THE CURRICULUM PREPARES TEACHERS WITH STRONG CHARACTER, TEACHING SKILL, AND RESPECT FOR THE IMPORTANCE OF MUSIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,489,323

Program Service Revenue $3,464,757

Investment Income $152,107

Other Revenue $28,424

TOTAL REVENUE $5,134,611

Expense Breakdown

Grants Paid $1,044,763

Salaries & Benefits $3,060,077

Fundraising Expenses $204,089

Program Expenses $4,504,133

Other Expenses $2,023,354

TOTAL EXPENSES $6,152,579

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,134,611	$6,354,157	-0.2%
Expenses	$6,152,579	$6,484,466	-0.1%
Net Income	$-1,017,968	$-130,309	+6.8%

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

125

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

$95,156

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE QUINLAN JR	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
HERALD JOHNSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN HUSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
LOREN CHERNOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
HERMENE HARTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SAUL FRIEDGOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JON HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE BECK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MOTOGAWA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER VANDERWALL	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ DUNNE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL LAVENDER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIENNE THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT CASAGRANED	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HECKLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ROSEANNE K ROSENTHAL	PRESIDENT	40.00	Officer	$94,625	$531	$95,156
SOHYOON ATAC	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2023	$5,134,611	$6,152,579	$12,828,103	$-1,017,968
2022	$6,354,157	$6,484,466	$10,499,413	$-130,309
2021	$8,150,661	$5,462,880	$10,888,498	$2,687,781
2020	$5,648,473	$5,103,885	$7,867,890	$544,588
2019	$5,776,581	$5,283,671	$7,082,528	$492,910
2018	$5,889,294	$5,505,098	$6,697,179	$384,196

VANDERCOOK COLLEGE OF MUSIC