THE SYMPHONY SPACE 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

1978

Legal Domicile

Principal Officer

KATHY LANDAU

Phone

2128641414

Tax Period

2022-07-01 to 2023-06-30

THE SYMPHONY SPACE INC, founded in 1978, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $6.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

SYMPHONY SPACE IS A MULTI-DISCIPLINARY PERFORMING ARTS CENTER WHERE BOLD PROGRAMMING, PRESENTED IN A UNIQUELY WELCOMING ENVIRONMENT, FORGES INDELIBLE RELATIONSHIPS BETWEEN ARTISTS AND AUDIENCES. OUR MISSION IS TO CONNECT ART, IDEAS, AND COMMUNITY THROUGH OUR PROGRAMS AND OUR COMMITMENT TO LITERACY AND EDUCATION THROUGH THE ARTS. ON OUR NEW YORK CITY STAGES, THROUGH NATIONAL BROADCASTS AND TOURS,AND IN THE CLASSROOMS AND COMMUNITIES WE SERVE THROUGHOUT THE COUNTRY, SYMPHONY SPACE FOSTERS ACCESS TO THE ARTS FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $1,863,767 Revenue: $549,790

LITERATUREON OUR PHYSICAL AND VIRTUAL STAGES, SYMPHONY SPACE PRESENTS A FULL SLATE OF ARTISTICALLY AND CULTURALLY DIVERSE LITERARY PROGRAMS THAT FEATURE CLASSIC AND CONTEMPORARY WORKS BY ESTABLISHED AND EMERGING AUTHORS. OUR SELECTED SHORTS LITERARY SERIES WAS CONCEIVED WITH A SIMPLE PREMISE-GREAT STORIES PERFORMED BY GREAT ACTORS-AND IT HAS INFLUENCED GENERATIONS OF READERS THROUGH LIVE PERFORMANCES ON STAGES IN NEW YORK CITY AND ACROSS THE COUNTRY. THE SELECTED SHORTS RADIO HOUR AIRED ON 118 PUBLIC RADIO STATIONS, ATTRACTING 100,000 LISTENERS EACH WEEK; MORE THAN 55,000 PEOPLE DOWNLOAD THE PODCAST EVERY WEEK. AT THE THALIA BOOK CLUB, READERS AND WRITERS REVISITED CHERISHED CLASSICS AND EXPLORED NEW AND NOTEWORTHY WORKS THROUGHOUT EVENTS THAT FEATURE WIDE-RANGING AUTHOR INTERVIEWS, A VIVID PERFORMANCE OF AN EXCERPT BY AN ACTOR, AND A LIVELY Q & A WITH THE AUDIENCE.

Program 2

Expenses: $1,372,061 Revenue: $966,041

RENTALSSYMPHONY SPACE FOSTERS COMMUNITY AND ARTISTIC EXPRESSION BEYOND OUR OWN PROGRAMMING BY OFFERING TWO FULLY-EQUIPPED THEATERS, AS WELL AS BOX OFFICE, MARKETING, AND HOUSE MANAGEMENT SERVICES AT RENTAL RATES LOWER THAN COMPARABLE VENUES. IN FY23 WE SUPPORTED 92 VISITING PRESENTERS THROUGH 173 DAYS OF RENTALS.

Program 3

Expenses: $696,234 Revenue: $192,620

ARTS EDUCATIONHARNESSING THE POWER OF THE ARTS TO TRANSFORM LIVES, SYMPHONY SPACE'S GLOBAL ARTS: CULTURAL LITERACY & HERITAGE PROGRAM OFFERED CREATIVE AND RESTORATIVE EDUCATIONAL EXPERIENCES FOR...

ARTS EDUCATIONHARNESSING THE POWER OF THE ARTS TO TRANSFORM LIVES, SYMPHONY SPACE'S GLOBAL ARTS: CULTURAL LITERACY & HERITAGE PROGRAM OFFERED CREATIVE AND RESTORATIVE EDUCATIONAL EXPERIENCES FOR 15,000 STUDENTS IN 40 NYC SCHOOLS. IN OUR THEATER WITH STUDENTS FROM ALL OVER NYC, WE PRODUCED THREE INTERACTIVE PERFORMANCES HIGHLIGHTING NATIVE AMERICAN, LATIN AMERICAN, AND ASIAN CULTURES. EACH PERFORMANCE WAS ALSO LIVESTREAMED DIRECTLY INTO SCHOOLS, REACHING AN EVEN BROADER AUDIENCE THAN OUR THEATER HOLDS.OUR ALL WRITE! LITERACY PROGRAM HELPED 1,400 ADULT LEARNERS DRAMATICALLY IMPROVE THEIR READING AND WRITING SKILLS. SYMPHONY SPACE PARTNERS WITH COLLEGES, LIBRARIES, AND COMMUNITY-BASED ORGANIZATIONS TO OPEN A WORLD OF OPPORTUNITIES FOR ADULT LEARNERS AND THEIR FAMILIES-COMPLETELY FREE OF CHARGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,587,485

Program Service Revenue $2,241,555

Investment Income $490,952

Other Revenue $190,048

TOTAL REVENUE $5,510,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,778,723

Fundraising Expenses $322,219

Program Expenses $5,598,594

Other Expenses $2,853,573

TOTAL EXPENSES $6,665,296

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,510,040	$6,280,684	-0.1%
Expenses	$6,665,296	$5,901,603	+0.1%
Net Income	$-1,155,256	$379,081	-4.0%

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

140

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

$380,256

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LENORE DAVIS	CHAIR	5.00	Officer Director	$0	$0	$0
ELAINE HOCHBERG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD MITTENTHAL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN ARESTY	TREASURER	1.00	Officer Director	$0	$0	$0
HOWARD KAILES	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN M ALDEN	DIRECTOR	1.00	Director	$0	$0	$0
KHARY BARNES	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS B BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
KAY CATTARULLA	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN DE LAVALLADE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DISHY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER P DIXON	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA S DROZDOV	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN FRIED	DIRECTOR	1.00	Director	$0	$0	$0
AMY FRIEDNER	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA T GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER FRANCIS JAMES	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR KOKOT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT S KRICHEFF	DIRECTOR	1.00	Director	$0	$0	$0
JOEL MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON FINE MISHKIN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES NAUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH R REA	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH SAFFER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY LANDAU	EXECUTIVE DIRECTOR	40.00	Officer	$233,495	$8,846	$242,341
JUDY LEVENTHAL	DIRECTOR OF FINANCE (TO 11/2022)	40.00	Officer	$101,457	$16,598	$118,055
MOUHAMADOU DJITE	DIRECTOR OF FINANCE (AS OF 11/2022)	40.00	Officer	$19,406	$454	$19,860
MARGARET WREEN	MANAGING DIRECTOR	40.00	Highest	$113,409	$2,650	$116,059
BRENDA MURAD	DIRECTOR OF DEVELOPMENT	40.00	Highest	$113,318	$13,905	$127,223
JOHANNA THOMSEN	DIRECTOR OF STRATEGY & ENGAGEMENT	40.00	Highest	$108,289	$6,838	$115,127

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	No data	No data	No data	No data
2023	$5,510,040	$6,665,296	$21,312,101	$-1,155,256
2022	$6,280,684	$5,901,603	$21,662,238	$379,081
2021	$5,038,783	$4,038,364	$23,080,716	$1,000,419
2020	$5,020,920	$6,393,802	$21,595,068	$-1,372,882
2019	$7,567,846	$6,835,690	$22,446,690	$732,156
2018	$6,530,867	$6,707,503	$21,388,905	$-176,636