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
🔒

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

Sign In — Free (10 views/day)

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 the pursuit of musical excellence through accessible instruction, collaborative partnerships, and performance. We have 20 professional instructors who are exemplary performing artists that teach private lessons on piano, voice, guitar, ukulele, violin, viola, cello, flute, clarinet, oboe, bassoon, trumpet, french horn, sax, percussion, and music therapy. Our students begin as early as 6 months old, and progress through elementary, middle, high school, and college ages to adulthood. Our courses offered include introductory classes on piano, guitar, ukulele, singing, and youth choir, as well as introduction to rhythm and instruments, music theory, music history, playing chamber music together, aural skills, and conducting. Additionally, we provide support for the underserved in our community through our music therapy program and scholarships. We provide concerts throughout the year including our annual production of the classic oratorio of Handel's Messiah.

Program Service Accomplishments

Program 1
Expenses: $87,759 Revenue: $99,395

We expanded our teaching pool from 15 to 20 instructors, each very accomplished with their own instruments. We taught over 2,026 lessons to more than 75 kids and adults in the community that brought...

Read more

We expanded our teaching pool from 15 to 20 instructors, each very accomplished with their own instruments. We taught over 2,026 lessons to more than 75 kids and adults in the community that brought discipline and rigor to their life. Some lessons were taught at no fee, some at a discounted rate, some on scholarship, and many with aid from the State of Idaho.

Program 2
Expenses: $21,707 Revenue: $27,378

The Music Conservatory put on many concerts for the community in 2023. Many were on Friday nights in the conservatory, or out on the lawn for all the community to come and see. The 4th of July and...

Read more

The Music Conservatory put on many concerts for the community in 2023. Many were on Friday nights in the conservatory, or out on the lawn for all the community to come and see. The 4th of July and Autumn Affair were special hits. The largest concert at Christmas time was Handel's Messiah and reached over 1,300 attendees with a choir of 50+ and a full orchestra.

Program 3
Expenses: $15,487 Revenue: $17,861

Group Classes would be our 3rd major program service. In our music lab we are able to get kids started with music lessons on a very cost effective basis. We also held group classes for guitar...

Read more

Group Classes would be our 3rd major program service. In our music lab we are able to get kids started with music lessons on a very cost effective basis. We also held group classes for guitar, ukulele and more. For the young toddlers ages 6 months to 6 years we help them discover the wonders of music. It is a very popular program for young mothers that value musical education.

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Idaho Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MUSIC CONSERVATORY OF COEUR D ALENE INC with other nonprofits in Idaho and across the country.