WEST VIRGINIA SYMPHONY ORCHESTRA FOUNDATION INC

EIN: 205635406 501(c)(3) Arts, Culture & Humanities

CHARLESTON, WV

Total Revenue
$438,305
Total Expenses
$316,657
Total Assets
$13,960,017
Net Assets
$13,700,017
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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
WV
Principal Officer
JOE TACKETT
Phone
3049579876
Tax Period
2024-07-01 to 2025-06-30

WEST VIRGINIA SYMPHONY ORCHESTRA FOUNDATION INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $438K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $122K, a strong 28% operating margin.

Mission

THE WEST VIRGINIA SYMPHONY ORCHESTRA FOUNDATION, INC. (THE FOUNDATION) IS A SUPPORTING ORGANIZATION, INCORPORATED SOLEY TO PROVIDE FINANCIAL SUPPORT TO THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. THE FOUNDATION WAS ESTABLISHED TO MANAGE PERMANENTLY RESTRICTED ENDOWMENT CONTRIBUTIONS (I.E., CONTRIBUTIONS INTENDED BY THEIR DONORS TO BENEFIT THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. IN PERPETUITY) THEREBY PROVIDING FINANCIAL ASSISTANCE TO THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. THROUGH ANNUAL DISTRIBUTIONS BASED ON A PERCENTAGE OF THE NET FAIR MARKET VALUE OF THE FOUNDATION'S TOTAL ENDOWMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $90,999
Program Service Revenue $0
Investment Income $347,306
Other Revenue $0
TOTAL REVENUE $438,305

Expense Breakdown

Grants Paid $260,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,000
Other Expenses $56,657
TOTAL EXPENSES $316,657

Year-over-Year Comparison

2024 2023 Change
Revenue $438,305 $383,606 +0.1%
Expenses $316,657 $296,197 +0.1%
Net Income $121,648 $87,409 +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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN FOSTER CHAIRMAN 1.00
Officer Director
$0 $0 $0
PATRICK A BOND VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID SAYRE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JOHN ELLIOT BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG SLAUGHTER BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE DEXTER BOARD MEMBER 1.00
Director
$0 $0 $0
RUTH JOSECK BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY TEETER BOARD MEMBER 1.00
Director
$0 $0 $0
JACK DEVER BOARD MEMBER 1.00
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 $438,305 $316,657 $13,960,017 $121,648
2024 $383,606 $296,197 $12,554,860 $87,409
2023 $320,503 $112,526 $11,326,629 $207,977
2022 $330,016 $223,358 $10,452,993 $106,658
2021 $348,450 $129,476 $11,308,730 $218,974
2020 $157,784 $360,608 $8,615,894 $-202,824
2019 $1,063,109 $332,191 $9,314,671 $730,918
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