THE WATTS CONSERVATORY OF MUSIC (EIN 842909060) - 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

2019

Legal Domicile

Phone

7078451611

Tax Period

2023-01-01 to 2023-12-31

THE WATTS CONSERVATORY OF MUSIC, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $32K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 100% operating margin.

Mission

TO PROVIDE ACCESS TO MUSICAL INSTRUMENTS AND FREE MUSIC LESSONS TAUGHT BY PROFESSIONAL TEACHERS TO THE COMMUNITY OF WATTS IN LOS ANGELES, CALIFORNIA.

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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 $0

Program Service Revenue $0

Investment Income $31,739

Other Revenue $0

TOTAL REVENUE $31,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16

TOTAL EXPENSES $16

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,739	$166,020	-0.8%
Expenses	$16	$54,065	-1.0%
Net Income	$31,723	$111,955	-0.7%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
DAVID MOSS	Treasurer	Director	$0	$0	$0
JOHN NORWOOD FISHER	President	Director	$0	$0	$0
MICHAEL BALZARY	Secretary	Director	$0	$0	$0
JULIE HARELSON	Director	Director	$0	$0	$0
PAUL TOLLETT	Director	Director	$0	$0	$0
LAUREN HALSEY	Director	Director	$0	$0	$0
BOB FORREST	Director	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
2024	No data	No data	No data	No data
2023	$31,739	$16	$83,505	$31,723
2022	$166,020	$54,065	$1,280,940	$111,955
2021	$1,240,760	$88,774	$1,190,394	$1,151,986

THE WATTS CONSERVATORY OF MUSIC