SPRINGFIELD SYMPHONY ORCHESTRA INC (EIN 042210746) - 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

1944

Legal Domicile

Principal Officer

PAUL LAMBERT

Phone

4137330636

Tax Period

2024-06-01 to 2025-05-31

SPRINGFIELD SYMPHONY ORCHESTRA INC, founded in 1944, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO MAINTAIN AND DEVELOP A PROFESSIONAL SYMPHONY ORCHESTRA THAT PRODUCES PERFORMANCES OF HIGH ARTISTIC QUALITY THAT EDUCATE AND ENTERTAIN AUDIENCES OF ALL AGES, OPERATE A VOLUNTEER CHORUS, AND PROVIDE MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS FOR YOUTH

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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 $837,464

Program Service Revenue $397,012

Investment Income $679,306

Other Revenue $32,873

TOTAL REVENUE $1,946,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,363,831

Fundraising Expenses $242,289

Program Expenses $1,834,831

Other Expenses $965,788

TOTAL EXPENSES $2,329,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,946,655	$1,994,139	0.0%
Expenses	$2,329,619	$2,319,203	+0.0%
Net Income	$-382,964	$-325,064	+0.2%

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

214

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

$151,000

Total Directors

$157,121

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Lambert	President & CEO	40.00	Officer Director	$151,000	$0	$151,000
Sarah Sutherland	ORCHESTRA REP	1.00	Director	$6,121	$0	$6,121
Andrew Cade	Director	1.00	Director	$0	$0	$0
Evan Plotkin	Director	1.00	Director	$0	$0	$0
Michael Sorrell	Director	1.00	Director	$0	$0	$0
Robert Bolduc	Director	1.00	Director	$0	$0	$0
Michael Nock	Chairman	1.00	Officer Director	$0	$0	$0
Bernie Spirito	Treasurer	1.00	Officer Director	$0	$0	$0
Maurice Powe	Clerk	1.00	Officer Director	$0	$0	$0
Kyle Homstead	Director	1.00	Director	$0	$0	$0
Xiomara DeLobato	Director	1.00	Director	$0	$0	$0
Cesar Ruiz	Director	1.00	Director	$0	$0	$0
Gary Bernice	Director	1.00	Director	$0	$0	$0
Paul Friedmann	Former Chairman	1.00		$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	$1,946,655	$2,329,619	$6,857,259	$-382,964
2024	$1,994,139	$2,319,203	$7,100,195	$-325,064
2023	$1,387,741	$1,869,582	$6,806,312	$-481,841
2022	$1,188,178	$1,084,450	$7,735,857	$103,728
2021	$1,243,570	$896,505	$8,718,759	$347,065
2020	$1,395,624	$1,871,049	$6,978,612	$-475,425
2019	$1,431,421	$2,040,314	$7,120,412	$-608,893
2018	$1,692,706	$2,042,058	$7,822,884	$-349,352

SPRINGFIELD SYMPHONY ORCHESTRA INC