Quick charity verification for Vermont Conservatory Of Music Inc (EIN: 202809436)
Verdict: Vermont Conservatory Of Music Inc has notable concerns
10/100Mission Score
$747Revenue
$186KAssets
4Red Flags
2Strengths
Red Flags
Consistent and severe negative net income (expenses far exceeding revenue) for multiple years.
Significant and continuous decline in total assets over the past decade, indicating unsustainable operations.
Extremely low revenue ($747 in 202212) compared to ongoing expenses ($21,550 in 202212), suggesting a lack of funding or operational activity.
The NTEE code A25 (Music) suggests a programmatic focus that is not reflected in the financial data, as expenses are not categorized to show program spending.
Strengths
Zero reported officer compensation, indicating good transparency regarding executive pay.
Minimal to no liabilities reported, suggesting the organization is not accumulating debt despite financial challenges.
AI Transparency Report
The Vermont Conservatory Of Music Inc appears to be in a precarious financial state, exhibiting a consistent and significant decline in revenue over the past several years, culminating in only $747 in the latest filing period (202212). Concurrently, expenses have consistently outstripped revenue, with the organization spending $21,550 against $747 in revenue in 202212, and similar patterns in prior years. This trend has led to a substantial depletion of assets, which have fallen from $580,626 in 201312 to $185,726 in 202212. The organization's ability to sustain its operations with such low revenue and high expenses is a major concern. While the organization reports 0% officer compensation, which indicates good transparency regarding executive pay, the overall financial health suggests a struggle to maintain programmatic activities.