MIDCOAST SYMPHONY ORCHESTRA (EIN 010459493) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

TIM KENLAN

Phone

2074506957

Tax Period

2023-07-01 to 2024-06-30

MIDCOAST SYMPHONY ORCHESTRA is a 501(c)(3) with EIN 010459493, based in BRUNSWICK, ME. Founded in 1990, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $224,361 in total revenue and $202,021 in total expenses, with net assets of $1,065,200.

Mission

CONCERTS MSO PROVIDES EIGHT CONCERTS ANNUALLY IN LEWISTON AND TOPSHAM MAINE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $74,100

Program Service Revenue $66,698

Investment Income $74,362

Other Revenue $9,201

TOTAL REVENUE $224,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,930

Fundraising Expenses $19,053

Program Expenses $143,620

Other Expenses $104,091

TOTAL EXPENSES $202,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,361	$265,751	-0.2%
Expenses	$202,021	$203,039	0.0%
Net Income	$22,340	$62,712	-0.6%

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

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

$29,392

Total Directors

$711

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM KENLAN	DIRECTOR & PRESIDENT	5.00	Officer Director	$0	$0	$0
DENISE SHANNON	DIRECTOR & SECRETARY	5.00	Officer Director	$0	$0	$0
CAROL PRESTON	DIRECTOR & TREASURER	5.00	Officer Director	$711	$0	$711
QUINN GORMLEY	DIRECTOR	5.00	Director	$0	$0	$0
KATIE KROTT	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL STETLER	DIRECTOR	5.00	Director	$0	$0	$0
TED WALWORTH	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL LEVINE	EXECUTIVE DIRECTOR	25.00	Officer	$28,681	$0	$28,681

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	$224,361	$202,021	$1,093,283	$22,340
2023	$265,751	$203,039	$1,052,975	$62,712
2022	$58,732	$145,756	No data	$-87,024
2021	$251,142	$67,663	No data	$183,479
2020	$137,276	$121,706	$893,546	$15,570

MIDCOAST SYMPHONY ORCHESTRA