Hovland Conservatory of Music (EIN 411812818) - 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

1995

Legal Domicile

Principal Officer

Mary Hovland

Phone

6516364835

Tax Period

2024-07-01 to 2025-06-30

Hovland Conservatory of Music, founded in 1995, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

HOVLAND CONSERVATORY BELIEVES EVERYONE CAN AND SHOULD BE MUSICALLY X X TRAINED. TO WORK TOWARD THIS REALITY, WE HAVE DEVELOPED A STANDARDIZED 861,007. 940,245. HOVLAND CONSERVATORY OF MUSIC **-***2818 PROGRAM THAT FOR THE FIRST TIME, MAKES THE HIGHEST QUALITY MUSIC INSTRUCTION AFFORDABLE, CONVENIENT, AND UNDAUNTING.

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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 $0

Program Service Revenue $1,140,132

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,140,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,816

Fundraising Expenses $0

Program Expenses $954,679

Other Expenses $389,975

TOTAL EXPENSES $1,202,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,140,132	$1,134,085	+0.0%
Expenses	$1,202,791	$1,121,946	+0.1%
Net Income	$-62,659	$12,139	-6.2%

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

N/A

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

$132,716

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Hovland	Treasurer	40.00	Officer	$60,000	$0	$60,000
Andrew Hovland	Vice President	40.00	Officer	$60,000	$0	$60,000
Mary Hovland	President	10.00	Officer	$12,716	$0	$12,716

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	$1,140,132	$1,202,791	$34,270	$-62,659
2024	$1,134,085	$1,121,946	$34,676	$12,139
2023	$1,059,276	$1,099,587	$44,083	$-40,311
2022	$1,098,126	$1,013,666	$100,442	$84,460
2021	$881,720	$890,440	$56,797	$-8,720
2020	$940,745	$1,055,049	$70,069	$-114,304
2019	$1,062,081	$1,050,194	$54,839	$11,887

Hovland Conservatory of Music