WATERBURY SYMPHONY ORCHESTRA 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

1938

Legal Domicile

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

TO PROVIDE SYMPHONY CONCERTS AND EDUCATIONAL PROGRAMS IN THE GREATER WATERBURY AREA AND SURROUNDING REGION.

Program Service Accomplishments

Program 1

Expenses: $860,373 Revenue: $252,492

TO PROVIDE SYMPHONY CONCERTS AND EDUCATIONAL PROGRAMS IN THE GREATER WATERBURY 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%)

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

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

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
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