Penfield Symphony Orchestra Inc

EIN: 222517865 501(c)(3)

Penfield, NY

Total Revenue
$89,497
Total Expenses
$108,195
Total Assets
$1,274,038
Net Assets
$1,270,760
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Phone
5858720774
Tax Period
2024-07-01 to 2025-06-30

Penfield Symphony Orchestra Inc, founded in 1982, is a micro nonprofit that reported $89K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 21% operating deficit.

Mission

The mission of the PSO is to perform and promote live symphonic music for Penfield and the Greater Rochester community and to provide an opportunity for highly qualified dedicated musicians

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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 $35,032
Program Service Revenue $32,148
Investment Income $22,317
Other Revenue $0
TOTAL REVENUE $89,497

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,946
Fundraising Expenses $0
Program Expenses $67,083
Other Expenses $54,249
TOTAL EXPENSES $108,195

Year-over-Year Comparison

2024 2023 Change
Revenue $89,497 $865,010 -0.9%
Expenses $108,195 $85,402 +0.3%
Net Income $-18,698 $779,608 -1.0%
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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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
75

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
11
$0
Key Employees
3
$36,985
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harrison Hartsough Director 2.00
Director
$0 $0 $0
David Mear Treasurer 2.00
Officer Director
$0 $0 $0
Michael Quinn Director 2.00
Director
$0 $0 $0
Virginia Mills Orchestra Representative 2.00
Director
$0 $0 $0
William Hunt Concertmaster 4.00
Key Emp
$7,800 $0 $7,800
Alan Lowne Co-President 4.00
Officer Director
$0 $0 $0
Carol Lowne Co-President 4.00
Director
$0 $0 $0
Beverly Voos Director 2.00
Director
$0 $0 $0
Dianne Stengel Operations mgr 20.00
Key Emp
$20,185 $0 $20,185
Ben Martin Director 2.00
Director
$0 $0 $0
Yvonne Adams Director 2.00
Officer Director
$0 $0 $0
Laurie Kennedy Director 2.00
Director
$0 $0 $0
Steve Landgren Director 2.00
Director
$0 $0 $0
Jared Chase Music Director 20.00
Key Emp
$9,000 $0 $9,000
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 $89,497 $108,195 $1,274,038 $-18,698
2024 $865,010 $85,352 $1,188,161 $779,658
2024 $686,904 $85,402 $1,010,005 $601,502
2023 $99,777 $78,057 $408,993 $21,720
2022 $45,406 $51,249 $387,294 $-5,843
2021 $146,756 $16,220 $466,007 $130,536
2020 $114,981 $79,393 $345,480 $35,588
2019 $105,577 $80,376 $307,239 $25,201
2018 $98,859 $79,080 $279,854 $19,779
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