The Norwalk Symphony Society Inc

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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

1939

Legal Domicile

Principal Officer

DOUGLAS ADAMS

Phone

2039566771

Tax Period

2024-07-01 to 2025-06-30

The Norwalk Symphony Society Inc, founded in 1939, is a small nonprofit in the Arts, Culture & Humanities sector that reported $529K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO SHARE THE BEAUTY AND POWER OF ORCHESTRAL MUSIC WITH AUDIENCES OF ALL AGES THROUGH LIVE PERFORMANCES AND MUSIC EDUCATION PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $544,790 Revenue: $461,068

SERIES OF CONCERTS FEATURING TRADITIONAL AND CONTEMPORARY WORKS.

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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 $302,008

Program Service Revenue $218,315

Investment Income $8,192

Other Revenue $0

TOTAL REVENUE $528,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,473

Fundraising Expenses $0

Program Expenses $544,790

Other Expenses $194,815

TOTAL EXPENSES $579,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$528,515	$487,882	+0.1%
Expenses	$579,288	$546,496	+0.1%
Net Income	$-50,773	$-58,614	-0.1%

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

155

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
CHRISTOPHER BELL	Treasurer	2.0	Officer Director	$0	$0	$0
LOUIS BROUDY	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
LIBBY MUCCI	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD BEYMAN	DIRECTOR	1.0	Director	$0	$0	$0
LAWRENCE CAVANAGH	DIRECTOR	1.0	Director	$0	$0	$0
VANESSA MOREST SMITH	DIRECTOR	1.0	Director	$0	$0	$0
MARY PETRO NOONAN	VICE PRESDENT	2.0	Officer Director	$0	$0	$0
GREGORY PAYNE	DIRECTOR	1.0	Director	$0	$0	$0
WALLACE DAVIS	DIRECTOR	1.0	Director	$0	$0	$0
Gunnar Sahlin	DIRECTOR	1.0	Director	$0	$0	$0
Jennifer Mirsky	DIRECTOR	1.0	Director	$0	$0	$0
Priscilla Woyke	DIRECTOR	1.0	Director	$0	$0	$0
GEORGIA VON SCHMIDT	DIRECTOR	1.0	Director	$0	$0	$0
douglas adams	PRESDENT	2.0	Officer Director	$0	$0	$0
charles johnson	DIRECTOR	1.0	Director	$0	$0	$0
Wendy Gerbier	DIRECTOR	1.0	Director	$0	$0	$0
Douglas Kerridge	Director	1.0	Director	$0	$0	$0
Peter Hohmeister	Director	1.0	Director	$0	$0	$0
JOHN BRADY III	DIRECTOR	1.0	Director	$0	$0	$0
KENNETH KUO	DIRECTOR	1.0	Director	$0	$0	$0
HEATHER DRUGGE	DIRECTOR	1.0	Director	$0	$0	$0
PASQUALE RAZZANO	DIRECTOR	1.0	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	$528,515	$579,288	$233,904	$-50,773
2024	$487,882	$546,496	$233,988	$-58,614
2023	$532,119	$555,950	$235,304	$-23,831
2022	$537,451	$496,890	$270,746	$40,561
2021	$267,771	$234,947	$328,625	$32,824
2020	$371,617	$333,385	$238,370	$38,232
2019	$530,794	$387,638	$190,588	$143,156