ALBANY SYMPHONY ORCHESTRA INC (EIN 146013010) - 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

1936

Legal Domicile

Principal Officer

JEREL GOLUB

Phone

5184654755

Tax Period

2022-07-01 to 2023-06-30

ALBANY SYMPHONY ORCHESTRA INC, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ALBANY SYMPHONY ORCHESTRA CELEBRATES OUR GREAT MUSICAL HERITAGE. THROUGH BRILLIANT LIVE PERFORMANCES, INNOVATIVE EDUCATIONAL PROGRAMMING, AND ENGAGING CULTURAL EVENTS, THE ASO ENRICHES A BROAD AND DIVERSE REGIONAL COMMUNITY. IN ADDITION, BY CREATING, RECORDING, AND DISSEMINATING THE MUSIC OF OUR TIME, THE ASO IS ESTABLISHING AN ENDURING ARTISTIC LEGACY THAT IS RESHAPING THE NATION'S MUSICAL FUTURE.

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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 $1,586,012

Program Service Revenue $1,028,658

Investment Income $-205,572

Other Revenue $102,366

TOTAL REVENUE $2,511,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,733,041

Fundraising Expenses $193,411

Program Expenses $2,051,839

Other Expenses $1,411,907

TOTAL EXPENSES $3,144,948

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,511,464	$4,231,453	-0.4%
Expenses	$3,144,948	$3,403,486	-0.1%
Net Income	$-633,484	$827,967	-1.8%

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

299

Volunteers

180

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

$200,869

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAWEEDA ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MIMI BRUCE MD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
DR BENJAMIN E CHI	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH CICCIO	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA COCKRELL	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN COLE PHD	DIRECTOR	1.00	Director	$0	$0	$0
N/A	DIRECTOR	1.00	Director	$0	$0	$0
MARISA EISEMANN MD	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS J FASO	DIRECTOR	1.00	Director	$0	$0	$0
ALAN GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
JEREL GOLUB	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOSEPH T GRAVINI	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE HACKERT	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY P HAZAPIS	DIRECTOR	1.00	Director	$0	$0	$0
JAHKEEN HOKE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD M JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KREDENTSER	DIRECTOR	1.00	Director	$0	$0	$0
MARK P LASCH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LOBEL	DIRECTOR	1.00	Director	$0	$0	$0
CORY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE OLDER	DIRECTOR	1.00	Director	$0	$0	$0
HENRY POHL	DIRECTOR	1.00	Director	$0	$0	$0
DUSH PATHMANANDAM	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN A REGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
BARRY RICHMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUBIN	DIRECTOR	1.00	Director	$0	$0	$0
HON KATHY M SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
RABBI SCOTT SHPEEN	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS SOLANO	DIRECTOR	1.00	Director	$0	$0	$0
FAITH A TAKES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHEILEEN TREADWELL	DIRECTOR	1.00	Director	$0	$0	$0
ANNA KUWABARA	EXECUTIVE DI	45.00	Officer	$115,290	$0	$115,290
SCOTT ALLEN	FINANCE DIRE	45.00	Officer	$85,579	$0	$85,579
DAVID ALAN MILLER	MUSIC DIR/CO	30.00	Highest	$171,104	$4,713	$175,817

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	No data	No data	No data	No data
2023	$2,511,464	$3,144,948	$11,248,880	$-633,484
2022	$4,231,453	$3,403,486	$10,644,656	$827,967
2021	$2,273,007	$1,804,031	$12,413,747	$468,976
2020	$1,691,043	$2,060,616	$10,851,162	$-369,573
2019	$3,098,755	$2,721,556	$11,184,745	$377,199
2018	$5,137,579	$3,114,062	$10,696,141	$2,023,517

ALBANY SYMPHONY ORCHESTRA INC