ALLEGRO CHARTER SCHOOL OF MUSIC (EIN 472167782) - 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

2014

Legal Domicile

Principal Officer

MITSUKO FLYNN

Phone

8432978033

Tax Period

2024-07-01 to 2025-06-30

ALLEGRO CHARTER SCHOOL OF MUSIC, founded in 2014, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.9M left a modest 5% surplus.

Mission

ALLEGRO CHARTER SCHOOL OF MUSIC IS AN INNOVATIVE PUBLIC EDUCATION INSTITUTION SERVING A DIVERSE BODY OF MIDDLE AND HIGH SCHOOL 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 $5,105,377

Program Service Revenue $54,694

Investment Income $1,715

Other Revenue $0

TOTAL REVENUE $5,161,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,476,014

Fundraising Expenses $0

Program Expenses $3,391,429

Other Expenses $1,434,496

TOTAL EXPENSES $4,910,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,161,786	$4,455,485	+0.2%
Expenses	$4,910,510	$5,086,107	0.0%
Net Income	$251,276	$-630,622	-1.4%

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

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

$317,816

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITSUKO FLYNN	PRESIDENT	6.00	Officer Director	$0	$0	$0
MELISSA BAILEY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
HARRY OLSEN	TREASURER	5.00	Officer Director	$0	$0	$0
EMILY BARIN	SECRETARY	3.00	Officer Director	$0	$0	$0
DR KATHY SOBOLEWSKI	MEMBER	3.00	Director	$0	$0	$0
CAMERON BUSKIRK	MEMBER	3.00	Director	$0	$0	$0
RYAN LEVEILLE	MEMBER	3.00	Director	$0	$0	$0
DANIEL NEIKIRK	CEO	40.00	Officer	$166,400	$18,729	$185,129
NATHAN NELSON	PRINCIPAL	40.00	Officer	$112,320	$20,367	$132,687

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	$5,161,786	$4,910,510	$5,245,449	$251,276
2024	$4,455,485	$5,086,107	$5,165,663	$-630,622
2023	$5,664,217	$4,369,833	$5,707,428	$1,294,384
2022	$3,697,057	$3,571,475	$1,503,437	$125,582
2021	$3,318,126	$2,830,791	$1,386,013	$487,335
2020	$2,833,495	$2,885,007	$1,169,156	$-51,512
2019	$2,561,727	$2,507,586	$2,943,925	$54,141
2018	$2,107,616	$2,075,174	$861,209	$32,442

ALLEGRO CHARTER SCHOOL OF MUSIC