NEW HAVEN SYMPHONY ORCHESTRA INC (EIN 066000592) - 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

1929

Legal Domicile

Principal Officer

ELAINE C CARROLL

Phone

2038650831

Tax Period

2024-07-01 to 2025-06-30

NEW HAVEN SYMPHONY ORCHESTRA INC, founded in 1929, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

THE NHSO ENRICHES CONNECTICUT'S CULTURAL LANDSCAPE THROUGH EXCEPTIONAL PERFORMANCES AND EDUCATION PROGRAMS THAT ARE ACCESSIBLE TO RESIDENTS FROM ALL WALKS OF LIFE. INNOVATIVE PROGRAMMING OFFERED STATEWIDE INSPIRES DEEPER AUDIENCE ENGAGEMENT AND MEANINGFUL ARTISTIC AND EDUCATIONAL COLLABORATIONS WHICH INCREASE THE REACH AND IMPACT OF THE SYMPHONY. AUTHENTIC COMMITMENTS TO DIVERSITY, EQUITY, INCLUSION, AND ACCESS MOVE THE NHSO TO PROVIDE REPRESENTATION THAT REFLECTS THE RICHLY DIVERSE COMMUNITIES WE SERVE IN ALL AREAS OF SYMPHONY LEADERSHIP.

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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 $1,936,632

Program Service Revenue $476,323

Investment Income $67,868

Other Revenue $49,015

TOTAL REVENUE $2,529,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,713,352

Fundraising Expenses $321,409

Program Expenses $2,115,771

Other Expenses $1,045,843

TOTAL EXPENSES $2,759,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,529,838	$2,672,898	-0.1%
Expenses	$2,759,195	$2,478,557	+0.1%
Net Income	$-229,357	$194,341	-2.2%

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

274

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

$200,814

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG D HLAVAC	PRESIDENT	3.00	Officer Director	$0	$0	$0
RUBEN RODRIGUEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK DUNLEAVEY	TREASURER	1.00	Officer Director	$0	$0	$0
AMEY MARRELLA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BURTON ALTER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA ASTMANN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN BERRYMAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CAVALIERE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH CHURCHWELL	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH DONIUS	DIRECTOR	1.00	Director	$0	$0	$0
BERT DOVO	DIRECTOR	1.00	Director	$0	$0	$0
BILL FOX	DIRECTOR	1.00	Director	$0	$0	$0
JOSE GARCIA-LEON	DIRECTOR	1.00	Director	$0	$0	$0
ZANAIYA LEON	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE LIN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LOPRESTI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MORLEY	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY MUCCILLI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RYAN	DIRECTOR	1.00	Director	$0	$0	$0
CRISTI STROUD	DIRECTOR	1.00	Director	$0	$0	$0
LYNN TANOUE	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE CARROLL	CEO	40.00	Officer	$200,814	$0	$200,814

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	$2,529,838	$2,759,195	$4,749,903	$-229,357
2024	$2,672,898	$2,478,557	$4,837,109	$194,341
2023	$2,314,694	$2,575,696	$4,553,103	$-261,002
2022	$3,191,138	$2,254,795	$4,780,690	$936,343
2021	$2,154,811	$1,457,476	$4,229,754	$697,335
2020	$2,119,198	$1,950,755	$3,293,364	$168,443
2019	$2,261,176	$2,067,290	$3,242,760	$193,886

NEW HAVEN SYMPHONY ORCHESTRA INC