READING SYMPHONY ORCHESTRA ASSOCIATION (EIN 231741046) - 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

1912

Legal Domicile

Principal Officer

RYAN HURST

Phone

6103737557

Tax Period

2024-07-01 to 2025-06-30

READING SYMPHONY ORCHESTRA ASSOCIATION, founded in 1912, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 14% surplus.

Mission

TO PROVIDE AND PROMOTE HIGH-QUALITY SYMPHONIC MUSIC TO CITIZENS OF READING AND BERKS COUNTY

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,019,550

Program Service Revenue $409,032

Investment Income $457,746

Other Revenue $55,902

TOTAL REVENUE $1,942,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $750,844

Fundraising Expenses $51,340

Program Expenses $1,280,903

Other Expenses $914,016

TOTAL EXPENSES $1,664,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,942,230	$1,625,865	+0.2%
Expenses	$1,664,860	$1,707,984	0.0%
Net Income	$277,370	$-82,119	-4.4%

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

192

Volunteers

104

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

$95,000

Total Directors

$95,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN DEACOSTA	PRESIDENT	2.00	Officer Director	$0	$0	$0
GLYNIS A FITZGERALD PHD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEXANDRA BOOTH	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RYAN HURST	TREASURER	2.00	Officer Director	$0	$0	$0
J WILLIAM WIDING III ESQ	SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL P BECKER ESQ	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM BENDER	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA BERTOLUZZI	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE BOCK	DIRECTOR	2.00	Director	$0	$0	$0
JANET FAUST	DIRECTOR	2.00	Director	$0	$0	$0
RADENE GORDON-BECK	DIRECTOR	2.00	Director	$0	$0	$0
PETER JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KRIS KOLASSA	DIRECTOR	2.00	Director	$0	$0	$0
ALLYSON MCKECHNIE	DIRECTOR	2.00	Director	$0	$0	$0
DEANNA REUBEN	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA RILEY	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN VALERIO	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN WAGNER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WHITEHILL	EXECUTIVE DIRECTOR THRU FEB 2025	40.00	Officer Director	$95,000	$0	$95,000
BRENT CHANCELLOR	EXECUTIVE DIRECTOR AS OF FEB 2025	40.00	Officer	$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	$1,942,230	$1,664,860	$1,972,706	$277,370
2024	No data	No data	No data	No data
2023	$1,247,835	$1,454,708	$2,130,946	$-206,873
2022	$1,809,021	$1,624,416	$2,131,744	$184,605
2021	$1,045,145	$937,538	$2,225,635	$107,607
2020	$1,256,996	$1,272,071	$1,856,738	$-15,075
2019	$1,753,164	$1,463,992	$1,936,663	$289,172
2018	$1,171,693	$1,152,581	$1,744,531	$19,112

READING SYMPHONY ORCHESTRA ASSOCIATION