Jacksonville Symphony Foundation Inc (EIN 205180812) - 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

2006

Legal Domicile

Principal Officer

Steven B Libman

Phone

9043540792

Tax Period

2022-07-01 to 2023-06-30

Jacksonville Symphony Foundation Inc, founded in 2006, is a small nonprofit that reported $205K in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $9.3M exceeded revenue, resulting in a 4418% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT TO THE JACKSONVILLE SYMPHONY ASSOCIATION, INC.

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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 $0

Program Service Revenue $0

Investment Income $205,207

Other Revenue $0

TOTAL REVENUE $205,207

Expense Breakdown

Grants Paid $9,250,156

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,250,156

Other Expenses $21,040

TOTAL EXPENSES $9,271,196

Year-over-Year Comparison

	2022	2021	Change
Revenue	$205,207	$235,822	-0.1%
Expenses	$9,271,196	$1,169,980	+6.9%
Net Income	$-9,065,989	$-934,158	+8.7%

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

N/A

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

$461,988

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR STEVEN LIBMAN	PRESIDENT & CEO	3.0	Officer	$0	$12,872	$270,528
MR THOMAS FLAHERTY	VP & CFO	3.0	Officer	$0	$25,679	$191,460
MR PETER KARPEN	CHAIR	1.0	Director	$0	$0	$0
MR GILCHRIST B BERG	TRUSTEE	0.5	Director	$0	$0	$0
MR JEFFREY E BERNARDO	TRUSTEE	0.5	Director	$0	$0	$0
MR MATTHEW MARCIN	TRUSTEE	0.5	Director	$0	$0	$0
MR CHARLES S JOSEPH	TRUSTEE	0.5	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
2023	$205,207	$9,271,196	No data	$-9,065,989
2022	$235,822	$1,169,980	$8,048,569	$-934,158
2021	$1,244,585	$890,729	$11,614,969	$353,856
2020	$368,442	$1,275,968	$9,407,868	$-907,526
2019	$623,623	$1,483,835	$11,067,687	$-860,212
2018	$1,774,914	$793,558	$12,097,749	$981,356

Jacksonville Symphony Foundation Inc