HARTFORD SYMPHONY ORCHESTRA INC (EIN 060637319) - 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

1934

Legal Domicile

Principal Officer

STEPHEN H COLLINS

Phone

8602468742

Tax Period

2023-09-01 to 2024-08-31

HARTFORD SYMPHONY ORCHESTRA INC, founded in 1934, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $11.6M represent 25 months of operating reserves.

Mission

TO ENRICH LIVES AND COMMUNITY THROUGH GREAT MUSIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,361,751

Program Service Revenue $1,962,198

Investment Income $321,978

Other Revenue $0

TOTAL REVENUE $5,645,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,437,829

Fundraising Expenses $609,602

Program Expenses $4,746,500

Other Expenses $2,485,683

TOTAL EXPENSES $5,971,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,645,927	$4,513,074	+0.3%
Expenses	$5,971,940	$5,195,454	+0.1%
Net Income	$-326,013	$-682,380	-0.5%

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

314

Volunteers

160

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

$159,264

Total Directors

Key Employees

$197,180

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN KUAN	MUSIC DIRECT	40.00	Key Emp	$191,860	$5,320	$197,180
STEPHEN H COLLINS	PRESIDENT &	40.00	Officer	$150,379	$8,885	$159,264
KAREN SPROUT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID M ROTH	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY KELLY	DIRECTOR	1.00	Director	$0	$0	$0
BOB GARTHWAIT JR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF VERNEY	DIRECTOR	1.00	Director	$0	$0	$0
FRANCYS JESSON	DIRECTOR	1.00	Director	$0	$0	$0
LUIS FEDERICO DIEZ-MORALES MD	DIRECTOR	1.00	Director	$0	$0	$0
ABRAHAM L DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
KEITH GRANT	DIRECTOR	1.00	Director	$0	$0	$0
GERALD L HESS	DIRECTOR	1.00	Director	$0	$0	$0
JANET LINK	DIRECTOR	1.00	Director	$0	$0	$0
MARISSA BAUM	DIRECTOR	1.00	Director	$0	$0	$0
JUNE ARCHER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN ROGER	DIRECTOR	1.00	Director	$0	$0	$0
D WESTON BOYD	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH D SPADA	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWIN S SHIRLEY	CHAIR - AUDI	1.00	Officer Director	$0	$0	$0
MATTHEW H LYNCH	CHAIR - INVE	1.00	Officer Director	$0	$0	$0
MARK HAYES	CHAIR- GOVER	1.00	Officer Director	$0	$0	$0
KRISTEN PHILLIPS	CHAIR - MARK	1.00	Officer Director	$0	$0	$0
BRUCE BARTH ESQ	CHAIR - FINA	1.00	Officer Director	$0	$0	$0
ESTHER A PRYOR	CHAIR - HR	1.00	Officer Director	$0	$0	$0
STEPHEN F ROCHE	CHAIR - DEVE	1.00	Officer Director	$0	$0	$0
DIANE WHITNEY	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
MATHEW P JASINSKI ESQ	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
ROBERT C BAUSMITH	CHAIRMAN	1.00	Officer 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
2024	$5,645,927	$5,971,940	$12,880,580	$-326,013
2023	$4,513,074	$5,195,454	$12,026,485	$-682,380
2022	$5,509,371	$4,900,623	$11,680,520	$608,748
2021	$4,378,736	$2,827,172	$12,831,218	$1,551,564
2021	$4,378,736	$2,827,172	$12,831,218	$1,551,564
2020	$4,468,620	$4,167,843	$10,255,623	$300,777
2019	$6,950,882	$5,365,442	$9,133,042	$1,585,440
2018	$5,870,571	$5,358,750	$7,498,176	$511,821

HARTFORD SYMPHONY ORCHESTRA INC