SOCAL SYMPHONY SOCIETY

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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

Stephen Turk

Phone

2133004149

Tax Period

2023-07-01 to 2024-06-30

SOCAL SYMPHONY SOCIETY, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $249K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

The Culver City Symphony Orchestra strives to enlighten and inspire the diverse citizenry of Culver City and the Los Angeles area through the presentation of orchestral music concerts, to present works of American composers, and to actively support aspiring young musicians though the Orchestra's annual Parness Concerto Competition.

Program Service Accomplishments

Program 1

Expenses: $251,512 Revenue: $239,158

SoCal Symphony Society presents the Culver City Symphony Orchestra's annual winter concert season. During 2023-24 the Orchestra presented 4 concerts in Culver City, featuring symphonic music and...

SoCal Symphony Society presents the Culver City Symphony Orchestra's annual winter concert season. During 2023-24 the Orchestra presented 4 concerts in Culver City, featuring symphonic music and concertos from the 18th Century through to contemporary works, led by new Music Director-Conductor Clyde Mitchell. The Orchestra has a long history of performing works by diverse and underserved groups and music of local composers, and our 2023-24 season included a world premiere and three works by women composers. In the summer, as the Marina del Rey Summer Symphony, we are the resident orchestra of the Marina Summer Concerts presented in conjunction with Los Angeles County Department of Beaches and Harbors. New Music Director-Conductor Steven Allen Fox led the Orchestra in 2 concerts including a live-to-film Disney movie night. We were once again voted the Best Live Music Event in The Argonaut's Best of the Westside reader poll. We support aspiring young musicians from pre-teen to age twenty-five through the Orchestra-sponsored Parness Concerto Competition.

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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 (2023)

Revenue Breakdown

Contributions & Grants $239,158

Program Service Revenue $0

Investment Income $10,337

Other Revenue $0

TOTAL REVENUE $249,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,639

Fundraising Expenses $0

Program Expenses $251,512

Other Expenses $80,849

TOTAL EXPENSES $256,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,495	$347,467	-0.3%
Expenses	$256,488	$263,981	0.0%
Net Income	$-6,993	$83,486	-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

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

$14,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clyde Mitchell	Music Director - Conductor, Culver City	5	Officer	$8,750	$0	$8,750
Steven Allen Fox	Music Director - Conductor, Marina del Rey	5	Officer	$5,500	$0	$5,500
Stephen Turk	President, Director	15	Officer Director	$0	$0	$0
Cliff Marcussen	Vice President, Director	8	Officer Director	$0	$0	$0
David Bromberg	Treasurer, Director	10	Officer Director	$0	$0	$0
Barbara Fasiska	Secretary, Director	4	Officer Director	$0	$0	$0
Terry Pincus	Membership Chairperson, Director	5	Officer Director	$0	$0	$0
Mary Lou Basaraba	Director	5	Director	$0	$0	$0
Joel Forman	Director	1	Director	$0	$0	$0
Michael Price	Director	1	Director	$0	$0	$0
Alayna Zwick	Director	2.0	Director	$0	$0	$0
Brooke deRosa	Director	2	Director	$0	$0	$0
John LoMonaco	Director	3	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	No data	No data	No data	No data
2024	$249,495	$256,488	$247,725	$-6,993
2023	$347,467	$263,981	$254,892	$83,486
2018	$271,283	$268,270	$23,403	$3,013