CORNISH COLLEGE OF THE ARTS (EIN 910916534) - 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

1914

Legal Domicile

Principal Officer

EMILY PARKHURST

Phone

2067265020

Tax Period

2024-06-01 to 2025-05-31

CORNISH COLLEGE OF THE ARTS, founded in 1914, is a mid-sized nonprofit that reported $29.4M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

AN ACCREDITED FOUR YEAR COLLEGE OFFERING BACCALAUREATE DEGREES IN THE PERFORMING AND VISUAL ARTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,903,738

Program Service Revenue $20,736,442

Investment Income $4,685,545

Other Revenue $47,181

TOTAL REVENUE $29,372,906

Expense Breakdown

Grants Paid $6,738,526

Salaries & Benefits $12,965,305

Fundraising Expenses $499,961

Program Expenses $24,156,232

Other Expenses $10,625,093

TOTAL EXPENSES $30,328,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,372,906	$22,044,875	+0.3%
Expenses	$30,328,924	$31,109,796	0.0%
Net Income	$-956,018	$-9,064,921	-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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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

571

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

$999,066

Total Directors

$123,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND TYMAS-JONES	PRESIDENT (THRU 07/24)	40.00	Officer	$390,735	$25,694	$416,429
EMILY PARKHURST	INTERIM PRESIDENT (AS OF 07/24)	40.00	Officer Director	$114,299	$8,826	$123,125
DEBORAH TREEN	VP FINANCE & BUDGET,CFO (THRU 12/24)	40.00	Officer	$217,904	$22,903	$240,807
CHERYL WYNNE	INTERIM CFO (AS OF 12/24)	40.00	Officer	$51,754	$0	$51,754
BRIAN HARLAN	PROVOST (THRU 05/25)	40.00	Officer	$151,620	$15,331	$166,951
JAMES FALZONE	ACADEMIC DEAN (THRU 05/25)	40.00	Highest	$130,694	$27,621	$158,315
SYDNEY JANSEN	DIRECTOR OF ADVANCEMENT (THRU 05/25)	40.00	Highest	$150,450	$5,723	$156,173
BRITTANY HENDERSON	DEAN OF STUDENT AFFAIRS (THRU 05/25)	40.00	Highest	$113,397	$11,600	$124,997
LINDA KOA	CHAIR	4.00	Officer Director	$0	$0	$0
MARIANNE FRANCIS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL FORTIN	TREASURER	4.00	Officer Director	$0	$0	$0
KARL MOEHRING	SECRETARY	4.00	Officer Director	$0	$0	$0
JOSEPH ROSA	SECRETARY (THRU 07/24)	4.00	Officer Director	$0	$0	$0
CARIE ANTONELLI	TRUSTEE (THRU 07/24)	1.50	Director	$0	$0	$0
MICHAEL BARTLEY	TRUSTEE	1.50	Director	$0	$0	$0
GARY FLUHRER	TRUSTEE	1.50	Director	$0	$0	$0
JEFF LEHMAN	TRUSTEE	1.50	Director	$0	$0	$0
MARGE LEVY	TRUSTEE	1.50	Director	$0	$0	$0
GINNY MCCORMICK	TRUSTEE (THRU 07/24)	1.50	Director	$0	$0	$0
LORI NOTO	TRUSTEE (THRU 07/24)	1.50	Director	$0	$0	$0
SHERRY RAISBECK	TRUSTEE EMERITUS (THRU 06/24)	1.50	Director	$0	$0	$0
LISA SCRIBANTE	TRUSTEE	1.50	Director	$0	$0	$0
MICHELE SMITH	TRUSTEE (THRU 07/24)	1.50	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
2025	$27,817,558	$73,530,376	No data	$-45,712,818
2025	$29,372,906	$30,328,924	$72,401,541	$-956,018
2024	$22,044,875	$31,109,796	$77,670,840	$-9,064,921
2023	$22,592,962	$24,625,228	$84,133,872	$-2,032,266
2023	$22,592,962	$24,625,228	$84,133,872	$-2,032,266
2022	$29,102,387	$23,583,551	$87,948,379	$5,518,836
2021	$23,880,239	$25,287,976	$85,362,896	$-1,407,737
2020	$24,088,670	$27,611,419	$88,112,290	$-3,522,749
2019	$48,087,139	$31,972,540	$88,881,254	$16,114,599
2018	$28,169,846	$32,268,601	$82,131,957	$-4,098,755

CORNISH COLLEGE OF THE ARTS