Vermont Conservatory Of Music Inc
Vermont Conservatory Of Music Inc faces severe financial challenges with declining revenue and significant asset depletion.
EIN: 202809436 · Orwell, VT · NTEE: A25 · Updated: 2026-03-28
Is Vermont Conservatory Of Music Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vermont Conservatory Of Music Inc
Vermont Conservatory Of Music Inc (EIN: 202809436) is a nonprofit organization based in Orwell, VT, classified under NTEE code A25. The organization reported total revenue of $747 and total assets of $186K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Conservatory Of Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vermont Conservatory Of Music Inc with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Vermont Conservatory Of Music Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is positive for transparency but unusual for an organization with ongoing expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vermont Conservatory Of Music Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Vermont Conservatory Of Music Inc:
- 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.
Frequently Asked Questions about Vermont Conservatory Of Music Inc
Is Vermont Conservatory Of Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Conservatory Of Music Inc (EIN: 202809436) significant concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
How does Vermont Conservatory Of Music Inc spend its money?
Detailed spending breakdown data is not yet available for Vermont Conservatory Of Music Inc. Check back for updated IRS 990 analysis.
Are donations to Vermont Conservatory Of Music Inc tax-deductible?
Vermont Conservatory Of Music Inc is registered as a tax-exempt nonprofit (EIN: 202809436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Vermont Conservatory Of Music Inc a good charity?
Based on the financial data, the organization is struggling significantly. Its revenue has plummeted, and expenses consistently far exceed income, leading to a substantial decline in assets. While it reports 0% officer compensation, its financial instability raises concerns about its long-term viability and effectiveness.
Why is the revenue so low compared to expenses?
The filings consistently show revenue being significantly lower than expenses. For example, in 202212, revenue was $747 while expenses were $21,550. This indicates that the organization is not generating enough income to cover its operational costs and is likely drawing down on its assets or relying on past reserves.
What is the trend in the organization's assets?
The organization's assets have been in a steady decline, falling from $580,626 in 201312 to $185,726 in 202212. This significant reduction of over $390,000 in assets over a decade is a strong indicator of financial distress.
Does the organization have any liabilities?
For most of the reported periods, the organization has reported $0 in liabilities, with the exception of $3,000 in 201912. This suggests that while it is struggling with revenue, it is not accumulating significant debt.
Filing History
IRS 990 filing history for Vermont Conservatory Of Music Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Vermont Conservatory Of Music Inc's revenue has declined by 82.6%, moving from $4K to $747. Total assets decreased by 76.7% over the same period, from $795K to $186K. Total functional expenses fell by 64.7%, from $61K to $22K. In its most recent filing year (2022), Vermont Conservatory Of Music Inc reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $747 | $22K | $186K | $0 | — | View 990 |
| 2021 | $2K | $53K | $207K | $0 | — | — |
| 2020 | $5K | $36K | $258K | $0 | — | View 990 |
| 2019 | $8K | $53K | $292K | $3K | — | View 990 |
| 2018 | $7K | $51K | $334K | $0 | — | View 990 |
| 2017 | $2K | $50K | $378K | $0 | — | View 990 |
| 2016 | $2K | $51K | $426K | $0 | — | View 990 |
| 2015 | $3K | $61K | $475K | $0 | — | View 990 |
| 2014 | $7K | $55K | $532K | $0 | — | View 990 |
| 2013 | $-211,751 | $71K | $581K | $0 | — | View 990 |
| 2012 | $5K | $39K | $866K | $3K | — | View 990 |
| 2011 | $4K | $61K | $795K | $296 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $747, expenses of $22K, and assets of $186K (revenue -59.9% year-over-year).
- 2021: Revenue of $2K, expenses of $53K, and assets of $207K (revenue -62.7% year-over-year).
- 2020: Revenue of $5K, expenses of $36K, and assets of $258K (revenue -33.7% year-over-year).
- 2019: Revenue of $8K, expenses of $53K, and assets of $292K (revenue +16.0% year-over-year).
- 2018: Revenue of $7K, expenses of $51K, and assets of $334K (revenue +170.4% year-over-year).
- 2017: Revenue of $2K, expenses of $50K, and assets of $378K (revenue +23.6% year-over-year).
- 2016: Revenue of $2K, expenses of $51K, and assets of $426K (revenue -38.0% year-over-year).
- 2015: Revenue of $3K, expenses of $61K, and assets of $475K (revenue -52.7% year-over-year).
- 2014: Revenue of $7K, expenses of $55K, and assets of $532K.
- 2013: Revenue of $-211,751, expenses of $71K, and assets of $581K (revenue -4470.5% year-over-year).
- 2012: Revenue of $5K, expenses of $39K, and assets of $866K (revenue +12.8% year-over-year).
- 2011: Revenue of $4K, expenses of $61K, and assets of $795K.
Data Sources and Methodology
This transparency report for Vermont Conservatory Of Music Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.