OMAHA CONSERVATORY OF MUSIC (EIN 470834657) - 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

2000

Legal Domicile

Principal Officer

MEGHANN HENRY

Phone

4029324978

Tax Period

2023-09-01 to 2024-08-31

OMAHA CONSERVATORY OF MUSIC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Net assets of $13.9M represent 33 months of operating reserves.

Mission

THE OMAHA CONSERVATORY OF MUSIC IS A NON-PROFIT SCHOOL THAT BUILDS A DIVERSE MUSICAL COMMUNITY TO ENRICH LIVES THROUGH EDUCATION AND PERFORMANCE.

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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 $2,443,978

Program Service Revenue $2,689,985

Investment Income $7,158

Other Revenue $-53,883

TOTAL REVENUE $5,087,238

Expense Breakdown

Grants Paid $623,468

Salaries & Benefits $3,257,483

Fundraising Expenses $239,733

Program Expenses $4,483,900

Other Expenses $1,358,536

TOTAL EXPENSES $5,239,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,087,238	$3,889,057	+0.3%
Expenses	$5,239,487	$5,038,929	+0.0%
Net Income	$-152,249	$-1,149,872	-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

173

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

$144,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARISSA SCHRAGER	CHAIR	5.00	Officer Director	$0	$0	$0
JOE FINELLI	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTINE HULL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD JACOBSON	DIRECTOR	1.00	Director	$0	$0	$0
PREM NEELAKANTA	DIRECTOR	1.00	Director	$0	$0	$0
GIGI O'HARA	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
CARLY TURNER	DIRECTOR	1.00	Director	$0	$0	$0
FRED VAKILI	DIRECTOR THRU 5/2024	1.00	Director	$0	$0	$0
ASHLEY WEGNER	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
MEGHANN HENRY	EXECUTIVE DIRECTOR	50.00	Officer	$57,905	$2,957	$60,862
DANIEL ROONEY	DIR. OF FINANCE AND ADMIN	45.00	Officer	$82,771	$828	$83,599

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	$5,087,238	$5,239,487	$14,173,871	$-152,249
2023	$3,889,057	$5,038,929	$14,672,830	$-1,149,872
2022	$3,951,362	$4,670,210	$15,605,068	$-718,848
2021	$429,629	$740,523	$16,180,584	$-310,894
2021	$3,635,325	$3,872,150	$17,602,121	$-236,825
2020	$5,796,864	$3,704,079	$17,100,389	$2,092,785
2019	$3,264,453	$3,631,567	$17,135,057	$-367,114

OMAHA CONSERVATORY OF MUSIC