MIAMI CONSERVATORY OF MUSIC INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

BRIGITTE KISHLAR

Phone

3056066218

Tax Period

2020-07-01 to 2021-06-30

MIAMI CONSERVATORY OF MUSIC INC, founded in 2000, is a micro nonprofit that reported $23K in total revenue in fiscal year 2020. Revenue fell 103% from the prior year — a significant decline worth monitoring.

Mission

THE MIAMI CONSERVATORY OF MUSIC'S MISSION IS TO FIND AND DEVELOP HIDDEN TALENTS WITHIN OUR COMMUNITY AND CREATE VENUES FOR THEIR MUSICAL EXPRESSION. IT OFFERS FINANCIAL ASSISTANCE TO DEDICATED YOUND STUDENTS IN NEED AND DEMONSTRATING EXCEPTIONAL ABILITY.

Program Service Accomplishments

Program 1

Expenses: $0

THE CONSERVATORY'S CURRICULUM WAS DESIGNED TO TEACH ALL LEVELS OF STUDENTS FROM AGE 5 THROUGH ADULTS IN PIANO, VOICE, GUITAR, STRINGS, WOODWINDS, DRUMS, MUSICAL THEATER AND THEORY IN PRIVATE OR GROUP SETTINGS. THE COVID-19 CRISIS CAUSED THE CONSERVATORY TO LOSE ALL STUDENTS AND TEACHERS. THE CONSERVATORY CLOSED AND WILL NOT REOPEN. THIS FINAL YEAR CONSISTED OF DISPOSING OF ALL REMAINING ASSETS, SATISFACTION OF DEBTS AND CLOSING OF ALL ACCOUNTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $119,733

Program Service Revenue $0

Investment Income $-143,973

Other Revenue $1,423

TOTAL REVENUE $-22,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,870

TOTAL EXPENSES $13,870

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-22,817	$779,333	-1.0%
Expenses	$13,870	$622,847	-1.0%
Net Income	$-36,687	$156,486	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIGITTE KISHLAR	PRESIDENT	60.00	Officer Director	$0	$0	$0

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
2021	$-22,817	$13,870	No data	$-36,687
2020	$779,333	$622,847	$240,467	$156,486
2019	$732,858	$934,248	$199,444	$-201,390
2018	$844,855	$939,632	$281,978	$-94,777