PORTLAND MAINE SYMPHONY ORCHESTRA

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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

1932

Legal Domicile

Principal Officer

CAROLYN NISHON THRU 73125

Phone

2077736128

Tax Period

2024-08-01 to 2025-07-31

PORTLAND MAINE SYMPHONY ORCHESTRA, founded in 1932, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $16.3M represent 35 months of operating reserves.

Mission

THE PORTLAND SYMPHONY ORCHESTRA (PSO) SERVES OUR COMMUNITY BY ENRICHING LIVES THROUGH MUSIC. THE PSO STRIVES FOR THE HIGHEST POSSIBLE LEVEL OF ARTISTIC QUALITY; INSPIRES CHILDREN AND ADULTS THROUGH MUSIC EDUCATION AND ENCOURAGES LIFELONG MUSICAL LEARNING; DEVELOPS AND NURTURES COMMUNITY RELATIONSHIPS THAT ARE MUTUALLY BENEFICIAL; AND PROMOTES A CULTURE OF MUTUAL RESPECT THAT BUILDS SHARED COMMITMENT AND COLLABORATION.

Program Service Accomplishments

Program 1

Expenses: $3,674,974 Revenue: $2,641,728

THE PORTLAND SYMPHONY ORCHESTRA, CHARTERED IN 1932, IS MAINE'S LARGEST PROFESSIONAL ORCHESTRA WITH AN ANNUAL BUDGET OF 5.6 MILLION FOR ITS 100TH ANNIVERSARY SEASON. DURING THE 2024-2025 SEASON, THE SYMPHONY REMAINED CONNECTED TO AUDIENCES BY BOTH OFFERING LIVE PERFORMANCES AS WELL AS DIGITALLY OFFERING TWO CONCERTS RECORDED AT MERRILL AUDITORIUM. PERFORMANCES INCLUDE A GALA, 8 CLASSICAL, 4 POPS, 3 DISCOVERY FAMILY CONCERTS, 1 YOUTH CONCERT, THE MAGIC OF CHRISTMAS CONCERT SERIES, MULTIPLE SCHOOL LESSONS, KINDERKONZERTS, AND A 2-CONCERT SUMMER SERIES IN OLD ORCHARD SEASIDE PAVILION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,034,427

Program Service Revenue $2,641,728

Investment Income $705,121

Other Revenue $143,776

TOTAL REVENUE $5,525,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,069,959

Fundraising Expenses $473,497

Program Expenses $3,674,974

Other Expenses $2,620,822

TOTAL EXPENSES $5,690,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,525,052	$4,332,163	+0.3%
Expenses	$5,690,781	$4,464,312	+0.3%
Net Income	$-165,729	$-132,149	+0.3%

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

290

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

$143,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN NISHON THRU 73125	EXECUTIVE DI	40.00	Officer	$128,698	$14,647	$143,345
ECKART PREU	MUSIC DIRECT	40.00	Highest	$160,031	$11,766	$171,797
COLLEEN KHOURY	BOARD PRESID	18.00	Officer Director	$0	$0	$0
VICKI GORDAN	PRESIDENT EL	15.00	Officer Director	$0	$0	$0
LUCAS DESMOND	TREASURER &	4.00	Officer Director	$0	$0	$0
SALLY BANCROFT	VP ANN FUND	2.50	Director	$0	$0	$0
RICK ABBONDANZA	VP TRUSTEE &	2.50	Director	$0	$0	$0
BREDA WHITE	VP LEARN & C	4.00	Director	$0	$0	$0
OMAR HASAN	DIRECTOR	2.50	Director	$0	$0	$0
TONY ALAIMO	DIRECTOR	2.50	Director	$0	$0	$0
NANCY MERWIN	DIRECTOR	2.50	Director	$0	$0	$0
PETER HAYNES	DIRECTOR	2.50	Director	$0	$0	$0
HOLLY SARGENT	DIRECTOR	2.50	Director	$0	$0	$0
GRETCHEN JOHNSON	DIRECTOR	2.50	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	2.50	Director	$0	$0	$0
NATE STEVENS	DIRECTOR	2.50	Director	$0	$0	$0
WENDY SUEHRSTEDT	DIRECTOR	2.50	Director	$0	$0	$0
LENDALL L SMITH	DIRECTOR	5.00	Director	$0	$0	$0
APRIL TARDIFF	DIRECTOR	2.50	Director	$0	$0	$0
OLIVER TE BOEKHORST	DIRECTOR	2.50	Director	$0	$0	$0
WILLIAM C THORNTON	DIRECTOR	2.50	Director	$0	$0	$0
SETH WEBBER	DIRECTOR	2.50	Director	$0	$0	$0
BRENT WEST	DIRECTOR	4.00	Director	$0	$0	$0
LIZ MURLEY	DIRECTOR	4.00	Director	$0	$0	$0
KYO BANNAI	DIRECTOR	2.50	Director	$0	$0	$0
STEPHANIE BOWE	DIRECTOR	2.50	Director	$0	$0	$0

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	$5,525,052	$5,690,781	$16,876,482	$-165,729
2024	$4,332,163	$4,464,312	$16,462,994	$-132,149
2023	$4,272,536	$4,317,015	$15,577,911	$-44,479
2022	$3,659,418	$4,144,859	$14,736,748	$-485,441
2021	$4,241,814	$2,823,892	$16,854,922	$1,417,922
2020	$4,549,911	$3,416,933	$13,519,236	$1,132,978
2019	$5,148,692	$3,609,101	$12,964,660	$1,539,591
2018	$4,950,804	$3,791,049	$11,563,748	$1,159,755