SAN FRANCISCO CONSERVATORY OF MUSIC (EIN 941156610) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1923

Legal Domicile

Principal Officer

DAVID STULL

Phone

4155036431

Tax Period

2024-07-01 to 2025-06-30

SAN FRANCISCO CONSERVATORY OF MUSIC, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $58.7M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $315.8M represent 65 months of operating reserves.

Mission

THE CONSERVATORY OFFERS UNDERGRADUATE, GRADUATE AND POSTGRADUATE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,107,358

Program Service Revenue $31,869,982

Investment Income $7,983,171

Other Revenue $2,758,361

TOTAL REVENUE $58,718,872

Expense Breakdown

Grants Paid $16,370,058

Salaries & Benefits $27,495,888

Fundraising Expenses $2,758,141

Program Expenses $43,902,111

Other Expenses $18,976,146

TOTAL EXPENSES $62,876,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,718,872	$75,641,609	-0.2%
Expenses	$62,876,103	$59,131,038	+0.1%
Net Income	$-4,157,231	$16,510,571	-1.3%

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

Governance

Voting Members

Independent Members

Employees

820

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

$1,948,708

Total Directors

Key Employees

$276,540

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY FOO	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
DAVID KREMER	EXECUTIVE VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAMILLA SMITH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAROL DOLL	SECRETARY	1.00	Officer Director	$0	$0	$0
BARBARA WALKOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
LOCK BINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BORA OZTURK	BOARD MEMBER (THRU 1/31/25)	1.00	Director	$0	$0	$0
JAN BUCKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL CASEY	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA-SEN CHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA DELAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY J GAO	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY GARABEDIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD HARDIE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL KAUFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAYAM MIRRASHIDI	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP NICOL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY POLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA RIGG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA SHIM	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE TOM	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURICE WERDEGAR	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE ZACK	BOARD MEMBER	1.00	Director	$0	$0	$0
SIWEI ZOU	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID STULL	PRESIDENT	35.00	Officer	$1,301,032	$284,965	$1,585,997
REGINA LEE	VP OF FINANCE AND ADMINISTRATION	35.00	Officer	$339,084	$23,627	$362,711
JONAS WRIGHT	PROVOST & VP OF ACADEMIC AFFAIRS	35.00	Key Emp	$262,815	$13,725	$276,540
YOSHIKAZU NAGAI	COLLEGIATE FACULTY	35.00	Highest	$278,237	$42,667	$320,904
SIMON JAMES	COLLEGIATE FACULTY	35.00	Highest	$266,417	$36,079	$302,496
ELIZABETH GIUDICESSI	VP OF ADM, MKT & PR (THRU 1/31/24)	0.00	Highest	$370,799	$2,451	$373,250
DIMITRI MURRATH	COLLEGIATE FACULTY	35.00	Highest	$235,848	$34,381	$270,229
MICHAEL PELUSE	ASSOCIATE VP OF ADVANCEMENT	35.00	Highest	$232,734	$12,174	$244,908

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	$58,718,872	$62,876,103	$393,454,900	$-4,157,231
2024	$75,641,609	$59,131,038	$395,337,542	$16,510,571
2023	$127,911,110	$58,994,994	$383,662,817	$68,916,116
2023	$127,911,110	$58,994,994	$383,662,817	$68,916,116
2022	$59,347,258	$54,029,991	$332,329,628	$5,317,267
2021	$47,873,165	$43,646,348	$341,811,653	$4,226,817
2021	$47,873,165	$43,646,348	$341,811,653	$4,226,817
2020	$65,899,591	$39,083,822	$312,994,298	$26,815,769
2019	$50,081,095	$36,063,677	$213,535,562	$14,017,418
2018	$56,300,547	$32,992,010	$189,571,591	$23,308,537

SAN FRANCISCO CONSERVATORY OF MUSIC