SARASOTA MUSIC CONSERVATORY INC (EIN 454180504) - 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

2012

Legal Domicile

Principal Officer

ROSALINDA ROSS

Phone

9419325707

Tax Period

2024-01-01 to 2024-12-31

SARASOTA MUSIC CONSERVATORY INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $306K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE MUSIC EDUCATION AND PERFORMANCE PROGRAMS TO THE CHILDREN OF OUR COMMUNITY.

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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 $83,927

Program Service Revenue $224,810

Investment Income $-3,115

Other Revenue $0

TOTAL REVENUE $305,622

Expense Breakdown

Grants Paid $12,488

Salaries & Benefits $60,919

Fundraising Expenses $16,683

Program Expenses $257,830

Other Expenses $235,282

TOTAL EXPENSES $308,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,622	$264,303	+0.2%
Expenses	$308,689	$293,096	+0.1%
Net Income	$-3,067	$-28,793	-0.9%

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

N/A

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

$60,319

Total Directors

$3,746

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN FANCHER PRESIDENT	DIRECTOR (THROUGH 11/24)/MUSICIAN	2.00	Officer Director	$3,146	$0	$3,146
DEAN ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
ROSALINDA ROSS PRESIDENT APPT 1124	/DIRECTOR (FULL YEAR)	5.00	Officer Director	$0	$0	$0
THOMAS PURVIANCE	DIRECTOR (APPT. 2/24)	10.00	Director	$600	$0	$600
YIFEI DAI	DIRECTOR (APPT. 3/24)	5.00	Director	$0	$0	$0
DIANE HOWARD	DIRECTOR (APPT. 11/24)	10.00	Director	$0	$0	$0
LENA CAMBIS	TREASURER/MUSICIAN	50.00	Officer	$37,063	$0	$37,063
SEAN O'NEIL	SECRETARY/MUSICIAN	10.00	Officer	$20,110	$0	$20,110

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	No data	No data	No data	No data
2024	$305,622	$308,689	$63,642	$-3,067
2023	$264,303	$293,096	$66,459	$-28,793
2022	$258,135	$251,327	$97,193	$6,808
2021	$213,562	$213,082	$92,269	$480
2020	$233,705	$170,183	$86,665	$63,522

SARASOTA MUSIC CONSERVATORY INC