MUSIC ACADEMY OF THE WEST (EIN 951525814) - 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

1947

Legal Domicile

Principal Officer

SHAUNA QUILL

Phone

8059694726

Tax Period

2023-01-01 to 2023-12-31

MUSIC ACADEMY OF THE WEST, founded in 1947, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.3M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $13.0M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE MUSIC ACADEMY OF THE WEST MAKES A UNIQUE AND ENDURING CONTRIBUTION TO THE WORLD OF MUSIC BY ADVANCING THE DEVELOPMENT OF THE NEXT GENERATION OF GREAT CLASSICALLY TRAINED MUSICIANS AND CULTIVATING DISCERNING, APPRECIATIVE, AND ADVENTUROUS AUDIENCES.

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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 $7,123,101

Program Service Revenue $978,093

Investment Income $1,174,194

Other Revenue $15,165

TOTAL REVENUE $9,290,553

Expense Breakdown

Grants Paid $92,500

Salaries & Benefits $4,614,259

Fundraising Expenses $2,127,732

Program Expenses $9,091,488

Other Expenses $8,273,124

TOTAL EXPENSES $12,997,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,290,553	$12,864,045	-0.3%
Expenses	$12,997,164	$13,991,680	-0.1%
Net Income	$-3,706,611	$-1,127,635	+2.3%

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

345

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

$1,293,077

Total Directors

Key Employees

$857,014

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE SINGER	CHAIR	20.00	Officer Director	$0	$0	$0
JERROLD EBERHARDT	VICE CHAIR	20.00	Officer Director	$0	$0	$0
PAMELA STROBEL	SECRETARY	15.00	Officer Director	$0	$0	$0
ELLEN BARGER	DIRECTOR	5.00	Director	$0	$0	$0
JUDY ASTBURY	DIRECTOR	5.00	Director	$0	$0	$0
MARGARET CAFARELLI	DIRECTOR	5.00	Director	$0	$0	$0
DEAN CARTER	DIRECTOR	5.00	Director	$0	$0	$0
MALLY CHAKOLA	DIRECTOR	5.00	Director	$0	$0	$0
CLIVE CHANG	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL S DOKOS	DIRECTOR	5.00	Director	$0	$0	$0
DIANNE DUVA	DIRECTOR	5.00	Director	$0	$0	$0
BRIDGET FOREMAN	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL FINE	DIRECTOR	5.00	Director	$0	$0	$0
ASHLEY HOLLISTER	DIRECTOR	5.00	Director	$0	$0	$0
HEEJUNG KIM	DIRECTOR	5.00	Director	$0	$0	$0
KANDY LURIA BUDGOR	DIRECTOR	5.00	Director	$0	$0	$0
JOSHUA RAMIREZ	DIRECTOR	5.00	Director	$0	$0	$0
GAMBLE PARKS DOUVILLE	DIRECTOR	5.00	Director	$0	$0	$0
DANNER SCHEFLER	DIRECTOR	5.00	Director	$0	$0	$0
STEPHANIE SHUMAN	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK SPENCE	DIRECTOR	5.00	Director	$0	$0	$0
TIM TAYLOR	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD CRONIN	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT REED	PRESIDENT & CEO (END 8/15/23)	40.00	Officer	$902,635	$52,508	$955,143
SHAUNA QUILL	PRESIDENT & CEO(AS OF 11/23)	40.00	Officer	$89,049	$8,758	$97,807
MIMI DO	CFO & VP OF ADMINISTRATION	40.00	Officer	$220,298	$19,829	$240,127
JONATHAN BISHOP	CHIEF ADVANCEMENT OFFICER (END 8/31/23)	40.00	Key Emp	$220,861	$9,728	$230,589
JAMIE BROUMAS	CHIEF ARTISTIC OFFICER (END 12/29/23)	40.00	Key Emp	$205,825	$26,125	$231,950
JOANNE BARNARD	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$176,862	$29,592	$206,454
TIFFANY DEVRIES	DEAN	40.00	Key Emp	$160,398	$27,623	$188,021
CASEY MOLINO DUNN	VP OF INNOVATION & PROGRAM DEVELOPMENT (END 11/10/	40.00	Highest	$159,879	$16,002	$175,881
JILL RODE	DIR OF LEGACY GIVING	40.00	Highest	$159,830	$8,180	$168,010
MARK CREGAR	INTERIM CHIEF MARKETING & COMMUNICATIONS OFFICER (	40.00	Highest	$138,000	$0	$138,000
MARCIA SWIRES	SR DIR FINANCE & ADMINISTRATION	40.00	Highest	$126,201	$21,007	$147,208
JONATHAN LEE CHAN	MANAGER OF PRODUCTION & TECHNOLOGY	40.00	Highest	$114,225	$13,159	$127,384

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	$9,290,553	$12,997,164	$111,989,638	$-3,706,611
2022	$12,864,045	$13,991,680	$109,781,718	$-1,127,635
2021	$15,444,605	$10,668,057	$120,750,921	$4,776,548
2020	$9,558,491	$8,187,221	$108,048,640	$1,371,270
2019	$10,616,722	$11,316,777	$102,051,268	$-700,055
2018	$15,393,876	$10,251,749	$98,659,552	$5,142,127

MUSIC ACADEMY OF THE WEST