FAIRBANKS SYMPHONY ASSOCIATION INC

EIN: 237212781 501(c)(3)

FAIRBANKS, AK

Total Revenue
$437,333
Total Expenses
$475,059
Total Assets
$2,406,325
Net Assets
$2,372,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
AK
Principal Officer
CHUCK LEMKE
Phone
9074745733
Tax Period
2023-07-01 to 2024-06-30

FAIRBANKS SYMPHONY ASSOCIATION INC, founded in 1969, is a small nonprofit that reported $437K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $2.4M represent 65 months of operating reserves.

Mission

TO PROMOTE THE MUSICAL ARTS IN FAIRBANKS AND THROUGHOUT ALASKA BY PERFORMING SYMPHONIC MUSIC OF THE HIGHEST CALIBER AND BY OFFERING EDUCATIONAL PROGRAMS FOR INDIVIDUALS OF ALL AGES DESIGNED TO TRAIN NEW MUSICIANS, CULTIVATE MUSICAL KNOWLEDGE AND FOSTER INDIVIDUAL DEVELOPMENT AND MUSIC APPRECIATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,756
Program Service Revenue $254,147
Investment Income $58,305
Other Revenue $24,125
TOTAL REVENUE $437,333

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $169,821
Fundraising Expenses $0
Program Expenses $249,646
Other Expenses $303,238
TOTAL EXPENSES $475,059

Year-over-Year Comparison

2023 2022 Change
Revenue $437,333 $510,356 -0.1%
Expenses $475,059 $405,756 +0.2%
Net Income $-37,726 $104,600 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
25
Volunteers
20

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
5
$53,877
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK LEMKE PRESIDENT 1.50
Officer Director
$0 $0 $0
ANTON K JOHANSEN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
PATTY MONGOLD TREASURER 0.50
Officer Director
$0 $0 $0
KATIE YARROW DIRECTOR 1.00
Officer Director
$0 $0 $0
ANNA ZILBERKANT DIRECTOR 0.50
Director
$0 $0 $0
DANIEL STRAWSER ORCHESTRA REP 0.50
Director
$0 $0 $0
JOAN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
SPENSER RUPPERT DIRECTOR 0.50
Director
$0 $0 $0
PHYLLIS PENDERGRAST DIRECTOR 1.00
Director
$0 $0 $0
THOMAS J GROSS DIRECTOR 0.50
Director
$0 $0 $0
APRIL JAILLET SECRETARY 1.00
Director
$0 $0 $0
DANIEL PONICKLY MANAGING DIRECTOR 40.00
Officer
$53,877 $0 $53,877
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 $437,333 $475,059 $2,406,325 $-37,726
2023 $510,356 $405,756 $2,274,561 $104,600
2022 $377,950 $331,197 $2,126,388 $46,753
2021 $495,968 $154,710 $2,370,014 $341,258
2020 $379,022 $308,041 $1,920,178 $70,981
2019 $580,316 $457,360 $1,869,932 $122,956
2018 $827,625 $787,847 $1,744,130 $39,778
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