SYRACUSE SYMPHONY FOUNDATION INC C/O LYNN D'ELIA TEMES & STANCZYK LLC (EIN 222172591) - 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

1977

Legal Domicile

Phone

3154761010

Tax Period

2023-09-01 to 2024-08-31

SYRACUSE SYMPHONY FOUNDATION INC C/O LYNN D'ELIA TEMES & STANCZYK LLC, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $291K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $538K exceeded revenue, resulting in a 85% operating deficit.

Mission

THE FOUNDATION INVESTS AND MANAGES FUNDS AND ASSETS FOR THE PURPOSE OF SUPPORTING THE PRESENTATION OF SYMPHONY ORCHESTRA MUSIC IN THE CENTRAL NEW YORK REGION, INITIALLY THE SUPPORT OF THE ACTIVITIES OF THE SYRACUSE SYMPHONY ORCHESTRA, INC. AS A FULL-TIME PROFESSIONAL SYMPHONY ORCHESTRA. THE FOUNDATION CURRENTLY ONLY SUPPORTS MUSICAL ASSOCIATES OF CENTRAL NEW YORK, 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $291,467

Other Revenue $0

TOTAL REVENUE $291,467

Expense Breakdown

Grants Paid $489,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $489,000

Other Expenses $49,178

TOTAL EXPENSES $538,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,467	$327,563	-0.1%
Expenses	$538,178	$519,508	+0.0%
Net Income	$-246,711	$-191,945	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A A RIDINGS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALICE KENDRICK	SECRETARY	1.00	Officer Director	$0	$0	$0
ELSA SODERBERG	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BUCKOUT	DIRECTOR	1.00	Director	$0	$0	$0
GARY GROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL BYRNE	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL DRESCHER	DIRECTOR	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
2024	$291,467	$538,178	$14,529,610	$-246,711
2022	$264,420	$487,291	$12,429,668	$-222,871
2021	$207,292	$567,199	$14,262,249	$-359,907
2020	$228,244	$462,011	$12,383,457	$-233,767
2019	$231,358	$663,742	$10,973,916	$-432,384

SYRACUSE SYMPHONY FOUNDATION INC C/O LYNN D'ELIA TEMES & STANCZYK LLC