NEW JERSEY SYMPHONY ORCHESTRA

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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

1929

Legal Domicile

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 SYMPHONIC MUSIC TO INSPIRE, ENTERTAIN, AND EDUCATE.

Program Service Accomplishments

Program 1

Expenses: $13,144,700 Revenue: $4,149,670

THE NEW JERSEY SYMPHONY IS THE LARGEST PERFORMING ARTS ORGANIZATION IN THE STATE AND IS DEDICATED TO PROVIDING WORLD-CLASS ORCHESTRAL PERFORMANCES THROUGHOUT NEW JERSEY, AND NOW ALSO WELL BEYOND ITS BORDERS, THROUGH AN EXCITING AND EXPANDING CATALOG OF DIGITAL AND MULTIMEDIA CONTENT. THE SYMPHONY IS DEEPLY CONNECTED TO ITS SURROUNDING COMMUNITIES THROUGH NUMEROUS AND DIVERSE EDUCATIONAL AND COMMUNITY ENGAGEMENT ACTIVITIES. THESE ACTIVITIES SPAN NEARLY ALL COUNTIES OF NEW JERSEY. IN A TYPICAL SEASON, THE SYMPHONY ENGAGES MORE THAN 150,000 PEOPLE IN PERSON, INCLUDING 40,000 CHILDREN, AND IN ADDITION THE SYMPHONY HAS MADE OVER 11 MILLION ONLINE IMPRESSIONS IN THE PAST YEAR ALONE, GREATLY EXPANDING OUR REACH.

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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 (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

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

437

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

$1,071,733

Total Directors

$690,600

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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