THE WASHINGTON CONSERVATORY OF MUS… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

ANDREW LEE ED

Phone

3013202770

Tax Period

2024-06-01 to 2025-05-31

THE WASHINGTON CONSERVATORY OF MUSIC, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $983K in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

THE WASHINGTON CONSERVATORY OF MUSIC PROVIDES EXCEPTIONAL MUSICAL LEARNING & LISTENING EXPERIENCES FOR STUDENTS AND THE COMMUNITY. ITS VISION IS A COMMUNITY INSPIRED AND INFORMED BY THE EXPERIENCE OF MUSIC.

Program Service Accomplishments

Program 1

Expenses: $490,509 Revenue: $623,619

MUSIC INSTRUCTION; THE CONSERVATORY PROVIDES INDIVIDUAL LESSONS FOR ALL AGES AND LEVELS ON PIANO, GUITAR, VOICE, STRING, WIND, BRASS AND PERCUSSION INSTRUMENTS, MUSIC THEORY, AND COMPOSITION. OTHER OFFERINGS INCLUDE CLASSES IN VARIOUS INSTRUMENTS & VOICE, EARLY CHILDHOOD MUSIC, AND ENSEMBLES. OCCASIONAL SEMINARS OR MASTER CLASSES ARE OFFERED.

Program 2

Expenses: $63,287 Revenue: $57,273

COMMUNITY CONCERT SERIES; THE CONSERVATORY PROVIDES BETWEEN 8 AND 15 COMMUNITY CONCERTS EACH YEAR WITH PERFORMANCES FROM RENOWNED GUESTS, ARTISTS AND FACULTY MEMBERS. IN 2023-2024, A TOTAL OF 9...

COMMUNITY CONCERT SERIES; THE CONSERVATORY PROVIDES BETWEEN 8 AND 15 COMMUNITY CONCERTS EACH YEAR WITH PERFORMANCES FROM RENOWNED GUESTS, ARTISTS AND FACULTY MEMBERS. IN 2023-2024, A TOTAL OF 9 CONCERTS AND EVENTS WERE PROVIDED FOR WASHINGTON, DC AREA RESIDENTS WITH COMMUNITY SUPPORT.

Program 3

Expenses: $12,978 Revenue: $23,558

TAPESTRY MUSIC PROJECT; THE CONSERVATORY PROVIDES FREE MUSIC LEARNING AND LISTENING EXPERIENCES TO STUDENTS FROM UNDERSERVED COMMUNITIES.

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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 $278,828

Program Service Revenue $704,338

Investment Income $0

Other Revenue $112

TOTAL REVENUE $983,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $700,816

Fundraising Expenses $29,053

Program Expenses $740,543

Other Expenses $656,798

TOTAL EXPENSES $1,357,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$983,278	$966,865	+0.0%
Expenses	$1,357,614	$1,320,011	+0.0%
Net Income	$-374,336	$-353,146	+0.1%

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

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

$56,250

Total Directors

$12,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOBIAS WERNER	DIRECTOR	7.00	Director	$0	$0	$11,215
DIONNE LAUFMAN	DIRECTOR - FACULTY REPRESENTATIVE	2.00	Director	$0	$0	$1,271
DUDLEY WINTHROP	OFFICER - CHAIR	2.00	Director	$0	$0	$0
MATTHEW B CANZONERI	OFFICER - VICE CHAIR	2.00	Director	$0	$0	$0
STEVEN SPURLOCK	OFFICER - SECRETARY	2.00	Director	$0	$0	$0
VIRGINIA ACKERMAN	DIRECTOR	2.00	Director	$0	$0	$0
NDENISARYA M BERGASI	DIRECTOR	2.00	Director	$0	$0	$0
JOLE B GOLOMB	DIRECTOR	2.00	Director	$0	$0	$0
SILVIA MASSETTI	DIRECTOR	2.00	Director	$0	$0	$0
GLORIA WANG	OFFICER - TREASURER	2.00	Director	$0	$0	$0
MEERA NARAYANASWAMY ZAND	DIRECTOR	2.00	Director	$0	$0	$0
NISHITA SHAH	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE LEE	DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE CAMERON	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW LEE	OFFICER - EXECUTIVE & ARTISTIC DIRECTOR	40.00	Officer	$0	$0	$56,250

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	$983,278	$1,357,614	$487,921	$-374,336
2024	$966,865	$1,320,011	$1,203,456	$-353,146
2023	$945,046	$967,360	$1,213,185	$-22,314
2022	$1,194,047	$1,027,801	$1,346,543	$166,246
2021	$860,807	$870,380	$1,201,262	$-9,573
2020	$1,076,080	$1,060,616	$1,101,505	$15,464
2019	$986,154	$1,057,667	$1,110,489	$-71,513
2018	$1,129,910	$1,127,432	$1,166,322	$2,478

THE WASHINGTON CONSERVATORY OF MUSIC