Folsom Symphony 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

2003

Legal Domicile

Phone

9163576718

Tax Period

2024-07-01 to 2025-06-30

Folsom Symphony Inc, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $457K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $426K left a modest 7% surplus.

Mission

To inspire and create community through the power of symphonic music. We engage the community through performances in the concert hall, in schools and at senior facilities.

Program Service Accomplishments

Program 1

Expenses: $359,846 Revenue: $260,138

Through the performance of various musical events within the community, the organization has added a cultural experience to hundreds of local residents and provided a platform for local musicians to...

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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 $145,896

Program Service Revenue $260,138

Investment Income $51,276

Other Revenue $0

TOTAL REVENUE $457,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,623

Fundraising Expenses $0

Program Expenses $359,846

Other Expenses $315,963

TOTAL EXPENSES $425,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,310	$577,977	-0.2%
Expenses	$425,586	$405,473	+0.0%
Net Income	$31,724	$172,504	-0.8%

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

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
Peter Jaffe	Music Director	10.00		$53,150	$0	$53,150
Marie Mitchell	Vice President	5.00	Director	$0	$0	$0
Anson Wong	President	25.00	Director	$0	$0	$0
Sarah Kooshian	Secretary	5.00	Director	$0	$0	$0
Michael S Nord CPA	Treasurer	5.00	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	$457,310	$425,586	$1,383,383	$31,724
2024	$577,977	$405,473	$1,369,104	$172,504
2023	$633,963	$389,075	$1,221,767	$244,888
2022	$486,603	$286,322	$930,231	$200,281
2021	$115,715	$52,216	$798,217	$63,499
2020	$301,718	$224,678	$637,975	$77,040
2019	$451,732	$324,108	$549,742	$127,624
2018	$337,728	$287,676	$408,808	$50,052