BETHEL CONSERVATORY OF THE ARTSINC (EIN 812786260) - 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

2016

Legal Domicile

Principal Officer

FABIANO ALTAMURA

Tax Period

2020-08-01 to 2021-07-31

BETHEL CONSERVATORY OF THE ARTSINC, founded in 2016, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2020. Revenue surged 88% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 9% surplus.

Mission

BETHEL CONSERVATORY OF THE ARTS IS A PERFORMING AND CREATIVE ARTS SCHOOL THAT EXISTS TO TRAIN AND EQUIP PROFESSIONAL ARTISTS WITHIN THE CONTEXT OF THE CHRISTIAN FAITH.

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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 (2020)

Revenue Breakdown

Contributions & Grants $127,626

Program Service Revenue $1,332,456

Investment Income $0

Other Revenue $9,254

TOTAL REVENUE $1,469,336

Expense Breakdown

Grants Paid $471,278

Salaries & Benefits $543,207

Fundraising Expenses $0

Program Expenses $1,338,756

Other Expenses $324,271

TOTAL EXPENSES $1,338,756

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,469,336	$780,494	+0.9%
Expenses	$1,338,756	$890,835	+0.5%
Net Income	$130,580	$-110,341	-2.2%

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

$388,045

Total Directors

$626,739

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANN FARRELLY	BOARD MEMBER	0.30	Director	$0	$61,665	$131,716
CHARLIE HARPER	SECRETARY	1.00	Officer Director	$0	$54,920	$130,096
JOHN RAFTERY	BOARD MEMBER	2.00	Director	$0	$20,534	$106,978
FABIANO ALTAMURA	PRESIDENT	40.00	Officer Director	$0	$63,591	$103,621
ANDREW MASON	TREASURER	0.30	Officer Director	$0	$66,973	$77,483
DAVID NORONA	VICE PRESIDE	40.00	Officer Director	$0	$1,300	$76,845
JULIE DYER	BOARD MEMBER	5.00	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	$1,469,336	$1,338,756	$162,958	$130,580
2021	$806,644	$863,393	No data	$-56,749
2020	$780,494	$890,835	$122,178	$-110,341

BETHEL CONSERVATORY OF THE ARTSINC