NEW JERSEY SYMPHONY ORCHESTRA

EIN: 221559422 501(c)(3) Arts, Culture & Humanities

NEWARK, NJ

Total Revenue
$16,279,533
Total Expenses
$16,751,476
Total Assets
$9,327,224
Net Assets
$6,820,656
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
NJ
Principal Officer
JAMES C HOUGHTON
Phone
9736243713
Tax Period
2023-09-01 to 2024-08-31

NEW JERSEY SYMPHONY ORCHESTRA, founded in 1929, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO CONNECT WITH THE PEOPLE AND DIVERSE COMMUNITIES OF NEW JERSEY THROUGH THE POWER OF LIVE MUSIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,314,486
Program Service Revenue $4,149,670
Investment Income $43,821
Other Revenue $-228,444
TOTAL REVENUE $16,279,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,971,729
Fundraising Expenses $1,579,985
Program Expenses $13,144,700
Other Expenses $5,779,747
TOTAL EXPENSES $16,751,476

Year-over-Year Comparison

2023 2022 Change
Revenue $16,279,533 $14,023,665 +0.2%
Expenses $16,751,476 $16,716,189 +0.0%
Net Income $-471,943 $-2,692,524 -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

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Liquidity & Cash Position

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Governance

Voting Members
47
Independent Members
43
Employees
437
Volunteers
50

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
10
$1,071,733
Total Directors
45
$690,600
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN ANDERSEN TRUSTEE/MUSICIAN 17.50
Director
$46,768 $27,038 $73,806
NORMAN SLONAKER CO-CHAIR & TRUSTEE (THRU 11/15/22) 0.50
Officer Director
$0 $0 $0
CHRISTOPHER PETERMANN TRUSTEE/VICE CHAIR - TREASURER 0.50
Officer Director
$0 $0 $0
ANN D BOROWIEC VICE CHAIR & TRUSTEE 0.50
Officer Director
$0 $0 $0
JOANNA FARRER MUSICIAN/TRUSTEE 17.50
Director
$39,043 $26,112 $65,155
ADRIANA ROSIN MUSICIAN/TRUSTEE 17.50
Director
$46,056 $26,953 $73,009
DAVID SOUTHORN MUSICIAN/TRUSTEE 17.50
Director
$20,488 $33,558 $54,046
MING YANG MUSICIAN/TRUSTEE 17.50
Director
$58,883 $23,467 $82,350
JOSEPH ACCARDO TRUSTEE 0.50
Director
$0 $0 $0
AUDREY BARTNER TRUSTEE 0.50
Director
$0 $0 $0
ROBERT BEYLICKJIAN TRUSTEE 0.50
Director
$0 $0 $0
LINDA M BOWDEN TRUSTEE 0.50
Director
$0 $0 $0
HEATHER BOSHAK TRUSTEE 0.50
Director
$0 $0 $0
RICK BYRD TRUSTEE 0.50
Director
$0 $0 $0
THOMAS COMISKEY TRUSTEE 0.50
Director
$0 $0 $0
MINDY COHEN TRUSTEE 0.50
Director
$0 $0 $0
EVAN DELGADO TRUSTEE 0.50
Director
$0 $0 $0
DEBORAH FRAZIER TRUSTEE 0.50
Director
$0 $0 $0
CURTLAND E FIELDS TRUSTEE 0.50
Director
$0 $0 $0
ROBERT C GARRETT CO- CHAIR AND TRUSTEE 0.50
Director
$0 $0 $0
DAVID R HUBER TRUSTEE 0.50
Director
$0 $0 $0
RUTH C LIPPER TRUSTEE 0.50
Director
$0 $0 $0
YIN LONG TRUSTEE 0.50
Director
$0 $0 $0
DR JAMES LIST TRUSTEE 0.50
Director
$0 $0 $0
MARTIN MELILLI TRUSTEE 0.50
Director
$0 $0 $0
ELIN MUELLER TRUSTEE 0.50
Director
$0 $0 $0
MICHELLE MERCHANT TRUSTEE 0.50
Director
$0 $0 $0
DIMITRI NAKHAMKIN TRUSTEE 0.50
Director
$0 $0 $0
MARJORIE PERRY TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL RICHARDS TRUSTEE 0.50
Director
$0 $0 $0
LAWRENCE RUTKOWSKI TRUSTEE 0.50
Director
$0 $0 $0
WARREN K RACUSIN TRUSTEE 0.50
Director
$0 $0 $0
MARCIA SASS TRUSTEE 0.50
Director
$0 $0 $0
SUSAN SHIFF TRUSTEE 0.50
Director
$0 $0 $0
STEPHEN SICHAK JR TRUSTEE 0.50
Director
$0 $0 $0
CRAIG SILLIMAN CO-CHAIR AND TRUSTEE 0.50
Officer Director
$0 $0 $0
DONALD E STRANGFELD TRUSTEE 0.50
Director
$0 $0 $0
CECILIA SWEENEY TRUSTEE 0.50
Director
$0 $0 $0
JESSICA TRENTI TRUSTEE 0.50
Director
$0 $0 $0
LISA MARTINEZ WOLMART TRUSTEE 0.50
Director
$0 $0 $0
MARGARITA WALLACH SECRETARY AND TRUSTEE 0.50
Director
$0 $0 $0
LISA WEBBER TRUSTEE 0.50
Director
$0 $0 $0
DIANE YOUNG TRUSTEE 0.50
Director
$0 $0 $0
EDWARD D ZINBARG TRUSTEE 0.50
Director
$0 $0 $0
GABRIEL VAN AALST PRESIDENT & CEO 35.00
Officer Director
$319,843 $22,391 $342,234
N/A TRUSTEE 0.50
$0 $0 $0
N/A TRUSTEE 0.50
$0 $0 $0
MARSHELL J KUMAHOR VP EDUCATION & COMM ENGAGEMENT 35.00
Officer
$121,915 $36,181 $158,096
JAMES HOUGHTON CFO 35.00
Officer
$156,491 $16,431 $172,922
KRISTIN ORLANDO VP OF OPERATIONS 35.00
Officer
$117,817 $14,985 $132,802
SIDNEY JACKSON VP OF DEVELOPMENT 35.00
Officer
$140,079 $10,191 $150,270
ERIN LUNSFORD NORTON VP OF ARTISTIC PLANNING 35.00
Officer
$105,218 $10,191 $115,409
XIAN ZHANG MUSIC DIRECTOR 35.00
Highest
$237,817 $20,911 $258,728
ERIC WYRICK CONCERT MASTER 35.00
Highest
$169,813 $49,057 $218,870
GEOFF ANDERSON VP OF MARKETING 35.00
Highest
$116,684 $14,928 $131,612
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 $16,279,533 $16,751,476 $9,327,224 $-471,943
2023 $14,023,665 $16,716,189 $9,843,861 $-2,692,524
2022 $12,910,552 $13,685,246 $12,634,412 $-774,694
2021 $13,221,443 $9,755,683 $15,304,751 $3,465,760
2020 $693,296 $1,333,787 $11,147,510 $-640,491
2020 $10,960,262 $12,373,852 $12,193,101 $-1,413,590
2019 $12,879,376 $14,179,270 $12,860,950 $-1,299,894
2018 $14,070,242 $13,356,769 $14,785,514 $713,473
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