WATERBURY SYMPHONY ORCHESTRA INC

EIN: 066090876 501(c)(3) Arts, Culture & Humanities

WATERBURY, CT

Total Revenue
$852,884
Total Expenses
$959,621
Total Assets
$3,346,215
Net Assets
$3,309,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
CT
Principal Officer
MICHAEL ACCUOSTI
Phone
2035744283
Tax Period
2023-07-01 to 2024-06-30

WATERBURY SYMPHONY ORCHESTRA INC, founded in 1938, is a small nonprofit in the Arts, Culture & Humanities sector that reported $853K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $960K exceeded revenue, resulting in a 13% operating deficit.

Mission

SYMPHONY CONCERTS AND EDUCATION PROGRAMS IN THE GREATER WTBY. AREA AND SURROUNDING REGION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $600,392
Program Service Revenue $149,181
Investment Income $103,311
Other Revenue $0
TOTAL REVENUE $852,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,236
Fundraising Expenses $56,137
Program Expenses $860,373
Other Expenses $813,385
TOTAL EXPENSES $959,621

Year-over-Year Comparison

2023 2022 Change
Revenue $852,884 $903,150 -0.1%
Expenses $959,621 $1,067,618 -0.1%
Net Income $-106,737 $-164,468 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
40

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW KRUMHOLTZ DEVELOPMENT CHAIR 2.00
Director
$0 $0 $0
RICK SADLON GOVERNANCE CHAIR 2.00
Director
$0 $0 $0
ANNE DRANGINIS SPEC CHAIR 2.00
Director
$0 $0 $0
THOMAS C CLARK BOARD CHAIR 8.00
Officer Director
$0 $0 $0
CAROLINE MESSENGER BOARD OF DIRECTORS 2.00
Director
$0 $0 $0
MARTHA BERNSTEIN BOARD OF DIRECTORS 2.00
Director
$0 $0 $0
ANDREW TAYLOR BOARD OF DIRECTORS 2.00
Director
$0 $0 $0
MICHAEL ACCUOSTI TREASURER 4.00
Officer Director
$0 $0 $0
DR MICHAEL FEINBERG SECRETARY 4.00
Officer Director
$0 $0 $0
DON FIFTAL EDUCATION CHAIR 2.00
Director
$0 $0 $0
ISOBEL MOORE BOARD OF DIRECTORS 2.00
Director
$0 $0 $0
NANCY KIELY BOARD OF DIRECTORS 2.00
Director
$0 $0 $0
REGINA KRAUS BOARD OF DIRECTORS 2.00
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 No data No data No data No data
2024 $852,884 $959,621 $3,346,215 $-106,737
2023 $903,150 $1,067,618 $3,155,453 $-164,468
2022 $1,156,070 $904,778 $3,077,562 $251,292
2021 $840,078 $553,927 $3,284,264 $286,151
2020 $754,762 $792,350 $2,638,118 $-37,588
2019 $820,261 $844,415 $2,676,109 $-24,154
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