KENNETT SYMPHONY OF CHESTER COUNTY (EIN 232017980) - 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

1968

Legal Domicile

Principal Officer

KATHRYN LISTERMAN CPA

Phone

6104446363

Tax Period

2022-09-01 to 2023-08-31

KENNETT SYMPHONY OF CHESTER COUNTY, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $377K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE SYMPHONY IS A PROFESSIONAL REGIONAL ORCHESTRA SERVING GREATER CHESTER COUNTY AND ITS GEOGRAPHIC NEIGHBORS. THE SYMPHONY'S MISSION IS TO: (A) PRESENT A WIDE RANGE OF SYMPHONIC MUSIC AT AN AFFORDABLE PRICE TO ENTERTAIN AND ENRICH THE LIVES OF OUR AUDIENCE; (B) ENGAGE AND EDUCATE YOUNG AND UNDERSERVED AUDIENCES; AND (C) PROVIDE OPPORTUNITIES FOR YOUNG ARTISTS, MUSICIANS, AND COMPOSERS THROUGH COMPETITIONS AND PERFORMANCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $102,760

Program Service Revenue $133,872

Investment Income $22,672

Other Revenue $-4,635

TOTAL REVENUE $254,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,678

Fundraising Expenses $25,179

Program Expenses $300,031

Other Expenses $183,794

TOTAL EXPENSES $377,472

Year-over-Year Comparison

	2022	2021	Change
Revenue	$254,669	$288,406	-0.1%
Expenses	$377,472	$355,301	+0.1%
Net Income	$-122,803	$-66,895	+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

108

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

Total Directors

$29,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HALL	MUSIC DIRECT	40.00	Director	$29,154	$0	$29,154
KATHRYN B KNOX ACFRE	DIRECTOR	8.00	Director	$0	$0	$0
KATHERINE BALL-WEIR	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA COOK	SECRETARY	3.00	Officer Director	$0	$0	$0
KATHRYN LISTERMAN CPA	TREASURER	5.00	Officer Director	$0	$0	$0
GEOFFREY MCCARTHY JD CTFA	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA DIFFEY	DIRECTOR	3.00	Director	$0	$0	$0
TIMOTHY BLAIR DMA	PRESIDENT	5.00	Officer Director	$0	$0	$0
MALCOLM JOHNSTONE	DIRECTOR	2.00	Director	$0	$0	$0
VERONICA MIKITKA REED	IMM. PAST PR	12.00	Director	$0	$0	$0
ROBERT RINALDI	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM RONAYNE	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
LIN TAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID VENTURA	DIRECTOR	3.00	Director	$0	$0	$0
CATHERINE WILLIAMS	DIRECTOR	4.00	Director	$0	$0	$0
APRIL EVANS	GENERAL MANA	25.00	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
2024	No data	No data	No data	No data
2023	$254,669	$377,472	$195,958	$-122,803
2022	$288,406	$355,301	$306,810	$-66,895
2021	$222,236	$180,669	$368,933	$41,567
2020	$308,886	$288,693	$348,060	$20,193
2019	$411,612	$449,818	$294,886	$-38,206
2018	$476,128	$406,497	$295,186	$69,631

KENNETT SYMPHONY OF CHESTER COUNTY