ANNAPOLIS SYMPHONY ORCHESTRA INC (EIN 237001357) - 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

1967

Legal Domicile

Principal Officer

KATHERINE EDWARDS

Phone

4102691132

Tax Period

2024-07-01 to 2025-06-30

ANNAPOLIS SYMPHONY ORCHESTRA INC, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 49% operating margin.

Mission

THE MISSION OF THE ANNAPOLIS SYMPHONY ORCHESTRA IS TO INSPIRE, EDUCATE AND ENRICH LIVES NEAR AND FAR BY CREATING EXTRAORDINARY MUSICAL EXPERIENCES WITH UNCOMPROMISING ARTISTIC EXCELLENCE.

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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 $4,154,210

Program Service Revenue $617,254

Investment Income $338,965

Other Revenue $211,003

TOTAL REVENUE $5,321,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,645,206

Fundraising Expenses $179,307

Program Expenses $2,066,488

Other Expenses $1,094,940

TOTAL EXPENSES $2,740,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,321,432	$3,919,972	+0.4%
Expenses	$2,740,146	$2,698,610	+0.0%
Net Income	$2,581,286	$1,221,362	+1.1%

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

210

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

$15,408

Total Directors

$191,041

Key Employees

$175,633

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE LUIS-NOVO	ARTISITIC DIRECTOR AND CONDUCTOR	040.00	Director Key Emp	$150,135	$25,498	$175,633
RALPH KUNCL	FORMER EXECUTIVE DIRECTOR	040.00	Officer Director	$15,408	$0	$15,408
KATHERINE EDWARDS	CHAIR	001.00	Officer Director	$0	$0	$0
MICHELLE HELLSTERN	VICE CHAIR	001.00	Officer Director	$0	$0	$0
STEPHEN SOTACK	TREASURER	001.00	Officer Director	$0	$0	$0
ANN WHITCOMB	VICE PRESIDENT-FINANCE	001.00	Officer Director	$0	$0	$0
MONIQUE LANGSTON	SECRETARY	001.00	Officer Director	$0	$0	$0
ROBERT ARIAS	DIRECTOR	001.00	Director	$0	$0	$0
GEORGIANNA CROSBY	DIRECTOR	001.00	Director	$0	$0	$0
WILLIAM DAVIS	DIRECTOR	001.00	Director	$0	$0	$0
GINGER FROM	DIRECTOR	001.00	Director	$0	$0	$0
SONJA GLADWIN	DIRECTOR	001.00	Director	$0	$0	$0
CHARLES GRUDZINSKAS	DIRECTOR	001.00	Director	$0	$0	$0
COLLOT GUERARD	DIRECTOR	001.00	Director	$0	$0	$0
ELIZABETH MAXWELL-SCHMIDT	DIRECTOR	001.00	Director	$0	$0	$0
DEB HOWE	DIRECTOR	001.00	Director	$0	$0	$0
MIMI JONES	DIRECTOR	001.00	Director	$0	$0	$0
JILL KIDWELL	DIRECTOR	001.00	Director	$0	$0	$0
JEANNE KELLY	DIRECTOR	001.00	Director	$0	$0	$0
MARIE TREANOR	DIRECTOR	001.00	Director	$0	$0	$0
FLORENCE CALVERT	DIRECTOR	001.00	Director	$0	$0	$0
MARY MCKIEL PHD	DIRECTOR	001.00	Director	$0	$0	$0
WILLIAM HOFF	DIRECTOR	001.00	Director	$0	$0	$0
SHELLEY ROW	DIRECTOR	001.00	Director	$0	$0	$0
ERICA BONDAREV RAPACH	EXECUTIVE DIRECTOR 4/25 - 6/25	040.00	Officer 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	$5,321,432	$2,740,146	$8,699,982	$2,581,286
2024	$3,919,972	$2,698,610	$5,847,910	$1,221,362
2023	$2,660,149	$3,849,447	$4,510,356	$-1,189,298
2022	$1,747,848	$2,854,468	$5,234,678	$-1,106,620
2021	$5,168,158	$1,536,599	$7,107,921	$3,631,559
2020	$2,340,502	$1,554,575	$2,980,940	$785,927
2019	$1,804,242	$1,696,956	$2,682,268	$107,286
2018	$2,000,789	$1,407,405	$2,537,125	$593,384

ANNAPOLIS SYMPHONY ORCHESTRA INC