Princeton Symphony Orchestra Inc

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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

1980

Legal Domicile

Principal Officer

Marc Uys

Phone

6094970020

Tax Period

2023-07-01 to 2024-06-30

Princeton Symphony Orchestra Inc, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $3.8M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE PRINCETON SYMPHONY ORCHESTRA IS TO LEVERAGE THE POWER OF LIVE MUSIC TO UPLIFT THE HUMAN EXPERIENCE.

Program Service Accomplishments

Program 1

Expenses: $1,322,450

PERFORMING CLASSICAL MASTERWORKS - A FULL SEASON OF 7 PAIRS OF CONCERTS WAS PRESENTED AT RICHARDSON AUDITORIUM. A TOTAL AUDIENCE OF 9,926 WAS REACHED. 11 CHAMBER MUSIC CONCERTS WERE PRESENTED TO A...

PERFORMING CLASSICAL MASTERWORKS - A FULL SEASON OF 7 PAIRS OF CONCERTS WAS PRESENTED AT RICHARDSON AUDITORIUM. A TOTAL AUDIENCE OF 9,926 WAS REACHED. 11 CHAMBER MUSIC CONCERTS WERE PRESENTED TO A TOTAL OF 1,055 PEOPLE. (SEE SCHEDULE O)

Program 2

Expenses: $1,418,565

THE PRINCETON FESTIVAL WAS ONCE AGAIN PRESENTED UNDER A LARGE (11,000SQF) CLEARSPAN TENT ON THE GROUNDS OF MORVEN MUSEUM & GARDEN. IN TOTAL, 11 PERFORMANCES IN THE TENT AND 2 PERFORMANCES IN TRINITY CHURCH ACROSS THE ROAD AS WELL AS ACCOMPANYING EDUCATIONAL LECTURES AND ANCILLARY EVENTS. PERFORMANCES INCLUDED A FULLY STAGED PRODUCTION OF MOZART'S COS FAN TUTTE, ORCHESTRAL POPS, BAROQUE, CHAMBER, DANCE, AND BROADWAY. A TOTAL LIVE AUDIENCE OF 6,500 WAS SERVED. (SEE SCHEDULE O)

Program 3

Expenses: $336,592

EDUCATION - ACTIVITIES INCLUDED 60 CLASSROOM VISITS, A "LISTEN-UP" WORKSHOP, AND 2 "SCHOOLDAY" CONCERTS. PSO'S PARTNERSHIP WITH YOCJ CONTINUED, WITH IN-PERSON REHEARSALS WITH PSO'S ASSISTANT...

EDUCATION - ACTIVITIES INCLUDED 60 CLASSROOM VISITS, A "LISTEN-UP" WORKSHOP, AND 2 "SCHOOLDAY" CONCERTS. PSO'S PARTNERSHIP WITH YOCJ CONTINUED, WITH IN-PERSON REHEARSALS WITH PSO'S ASSISTANT CONDUCTOR. PSO MUSICIANS RAN SECTIONALS AND MASTERCLASSES. ACTIVITIES WITH THE PRINCETON FESTIVAL INCLUDED AN INSTRUMENT PETTING ZOO AND A FAMILY POPS CONCERT TOTAL LIVE AUDIENCE: 8,231. (SEE SCHEDULE O)

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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 $1,869,065

Program Service Revenue $659,827

Investment Income $334,475

Other Revenue $78,427

TOTAL REVENUE $2,941,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,003,385

Fundraising Expenses $267,300

Program Expenses $3,077,607

Other Expenses $1,757,061

TOTAL EXPENSES $3,760,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,941,794	$3,144,073	-0.1%
Expenses	$3,760,446	$3,848,934	0.0%
Net Income	$-818,652	$-704,861	+0.2%

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

312

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

$189,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marc Uys	Executive Director	40.0	Officer	$177,979	$11,762	$189,741
Rossen Milanov	Music Director	15.0	Highest	$137,500	$0	$137,500
Stephanie Wedeking	Chair	10.0	Officer Director	$0	$0	$0
Anne VanLent	Vice Chair	4.0	Officer Director	$0	$0	$0
Michael Mathews	Treasurer	4.0	Officer Director	$0	$0	$0
Nora Duffy Decker	SECRETARY	4.0	Officer Director	$0	$0	$0
Carol Anderson	TRUSTEE	1.0	Director	$0	$0	$0
Marcia Atcheson	TRUSTEE	1.0	Director	$0	$0	$0
Derek Bermel	TRUSTEE	1.0	Director	$0	$0	$0
Marcia Bossart	TRUSTEE	1.0	Director	$0	$0	$0
Lisa Browne	TRUSTEE	1.0	Director	$0	$0	$0
Julian Grant	TRUSTEE	1.0	Director	$0	$0	$0
George Harvey	TRUSTEE	1.0	Director	$0	$0	$0
Deborah Herrington	TRUSTEE	1.0	Director	$0	$0	$0
B Sue Howard	TRUSTEE	1.0	Director	$0	$0	$0
James Linnehan	TRUSTEE	1.0	Director	$0	$0	$0
Mark Nurse	TRUSTEE	1.0	Director	$0	$0	$0
Costa Papastephanou	TRUSTEE	1.0	Director	$0	$0	$0
Elizabeth Pepek	TRUSTEE	1.0	Director	$0	$0	$0
Pete Taft	TRUSTEE	1.0	Director	$0	$0	$0
Benedikt von Schroder	TRUSTEE	1.0	Director	$0	$0	$0
Beth Walsh	TRUSTEE	1.0	Director	$0	$0	$0
Louise Wellemeyer	TRUSTEE	1.0	Director	$0	$0	$0
Philip Wey	TRUSTEE	1.0	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	No data	No data	No data	No data
2024	$2,941,794	$3,760,446	$10,508,299	$-818,652
2023	$3,147,824	$3,852,685	$10,110,371	$-704,861
2022	$2,561,737	$3,429,005	$10,355,967	$-867,268
2021	$3,029,525	$1,635,937	$11,470,025	$1,393,588
2020	$2,664,246	$1,838,171	$8,497,892	$826,075
2019	$3,487,715	$1,812,579	$7,452,835	$1,675,136