DETROIT SYMPHONY ORCHESTRA ENDOWMENT TRUST FUND

EIN: 237269970 501(c)(3) Arts, Culture & Humanities

DETROIT, MI

Total Revenue
$41,466
Total Expenses
$295,654
Total Assets
$3,665,613
Net Assets
$3,665,613
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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
1957
Legal Domicile
MI
Principal Officer
ANNE PARSONS
Phone
3135765100
Tax Period
2023-09-01 to 2024-08-31

DETROIT SYMPHONY ORCHESTRA ENDOWMENT TRUST FUND, founded in 1957, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $41K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $296K exceeded revenue, resulting in a 613% operating deficit.

Mission

TO PROVIDE SUPPORT TO THE DETROIT SYMPHONY ORCHESTRA, INC.

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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 $0
Program Service Revenue $0
Investment Income $41,466
Other Revenue $0
TOTAL REVENUE $41,466

Expense Breakdown

Grants Paid $293,734
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $293,734
Other Expenses $1,920
TOTAL EXPENSES $295,654

Year-over-Year Comparison

2023 2022 Change
Revenue $41,466 $120,922 -0.7%
Expenses $295,654 $94,704 +2.1%
Net Income $-254,188 $26,218 -10.7%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 1.00
$1,912 $0 $185,695
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 $41,466 $295,654 $3,665,613 $-254,188
2023 $120,922 $94,704 $3,422,976 $26,218
2022 $287,997 $113,702 $3,260,453 $174,295
2021 $137,970 $55,250 $3,918,622 $82,720
2020 $120,715 $178,853 $3,370,135 $-58,138
2019 $34,423 $154,557 $3,424,386 $-120,134
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