WEST HARTFORD SYMPHONY ORCHESTRA INC (EIN 020561321) - 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

2002

Legal Domicile

Principal Officer

Matthew Grzyb

Phone

8605214362

Tax Period

2022-07-01 to 2023-06-30

WEST HARTFORD SYMPHONY ORCHESTRA INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2022. Revenue surged 675% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 78% operating margin.

Mission

West Hartford Symphony Orchestra serves as a community orchestra, primarily for the benefit of the residents of West Hartford, CT providing opportunity for local amateur musicians to rehearse and perform before a community audience.

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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 (2022)

Revenue Breakdown

Contributions & Grants $249,616

Program Service Revenue $12,927

Investment Income $5,551

Other Revenue $0

TOTAL REVENUE $268,094

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,097

Other Expenses $55,097

TOTAL EXPENSES $58,097

Year-over-Year Comparison

	2022	2021	Change
Revenue	$268,094	$34,576	+6.8%
Expenses	$58,097	$56,001	+0.0%
Net Income	$209,997	$-21,425	-10.8%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Bennet	Director	3	Director	$0	$0	$0
James Carroll	Director	0	Director	$0	$0	$0
Martha Chiarappa	Director	0	Director	$0	$0	$0
Karen Walsh	Director	1	Director	$0	$0	$0
Donald Bassett	Director	0	Director	$0	$0	$0
Mary Silverberg	Director	0	Director	$0	$0	$0
Leon Davidoff	Director	0	Director	$0	$0	$0
George Fazzina	President	3	Officer	$0	$0	$0
Matthew Grzyb	Treasurer	3	Officer	$0	$0	$0
Lindsay Perkins	Secretary	3	Officer	$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
2023	$268,094	$58,097	$284,409	$209,997
2023	$268,094	$58,097	$284,409	$209,997

WEST HARTFORD SYMPHONY ORCHESTRA INC