MUSIC CONSERVATORY OF COEUR D ALENE INC

EIN: 845152646 501(c)(3) Arts, Culture & Humanities

Coeur d Alene, ID

Total Revenue
$207,388
Total Expenses
$206,013
Total Assets
$93,125
Net Assets
$93,125
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
ID
Principal Officer
Chris Fillios
Phone
2085513933
Tax Period
2023-01-01 to 2023-12-31

MUSIC CONSERVATORY OF COEUR D ALENE INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

Our mission is to nurture musical excellence through accessible instruction, collaborative partnerships and performance. We have 20 professional instructors that teach private lessons on piano, strings, woodwinds, brass, percussion, voice and music therapy. Our early childhood classes are designed for babies six months through elementary ages that provide a fun, explorative foundation of music fundamentals. Our youth and adult classes offer beginning levels of instruction in piano, guitar, ukulele, hand drums, and singing. Our youth choir program provides vocal and music theory instruction to teens, teaching them how to sing chorally, classically and correctly. Our students perform in recitals to gain confidence in front of a live audience. We extend our reach to the underserved in our community through our music therapy program and student sponsorships. We produce concerts throughout the year including our annual production of the classic oratorio Handel's "Messiah".

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $79,489
Program Service Revenue $122,172
Investment Income $32
Other Revenue $5,695
TOTAL REVENUE $207,388

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,953
Fundraising Expenses $0
Program Expenses $187,644
Other Expenses $81,060
TOTAL EXPENSES $206,013

Year-over-Year Comparison

2023 2022 Change
Revenue $207,388 $152,519 +0.4%
Expenses $206,013 $140,379 +0.5%
Net Income $1,375 $12,140 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
5
$0
Key Employees
1
$14,800
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cynthia Newkirk Executive Operations Manager 20
Key Emp
$14,800 $0 $14,800
Chris Fillios President 10
Director
$0 $0 $0
Zoe Ann Thruman Board Member 5
Director
$0 $0 $0
Jim Petersen Treasurer 10
Director
$0 $0 $0
Walter Burns Board Member 5
Director
$0 $0 $0
Betsy McTear Board Secretary 5
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 $207,388 $206,013 $93,125 $1,375
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