THE NORWALK CONSERVATORY OF THE ARTS INC (EIN 862159959) - 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

2021

Legal Domicile

Principal Officer

DANA BLACK

Phone

2033430386

Tax Period

2023-07-01 to 2024-06-30

THE NORWALK CONSERVATORY OF THE ARTS INC, founded in 2021, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 717% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE AN EDUCATIONAL EXPERIENCE TO ASPIRING STUDENTS IN THE THEATRE ARTS MAJOR.

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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 $67,609

Program Service Revenue $1,975,814

Investment Income $141

Other Revenue $32,434

TOTAL REVENUE $2,075,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $818,931

Fundraising Expenses $78,666

Program Expenses $1,533,228

Other Expenses $1,214,702

TOTAL EXPENSES $2,033,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,075,998	$254,125	+7.2%
Expenses	$2,033,633	$265,448	+6.7%
Net Income	$42,365	$-11,323	-4.7%

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

Employees

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

$65,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA BLACK	TREASURER	1.00	Director	$0	$0	$0
RON BLACK	CHAIRMAN	1.00	Director	$0	$0	$0
BIANCA GARCIA	SECRETARY	1.00	Director	$0	$0	$0
VALERIE POST	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SEEBECK	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE COLATRELLA	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GEORGE	PRESIDENT	10.00	Officer	$18,460	$0	$18,460
DIANA BURCH	FINANCE DIRECTOR	40.00	Officer	$47,500	$0	$47,500

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
2025	No data	No data	No data	No data
2024	$2,075,998	$2,033,633	$1,860,664	$42,365
2023	$254,125	$265,448	$1,915,322	$-11,323
2022	$277,155	$287,226	$55,796	$-10,071

THE NORWALK CONSERVATORY OF THE ARTS INC