KANKAKEE VALLEY SYMPHONY ORCHESTRA ASSOCIATION

EIN: 237433950 501(c)(3)

KANKAKEE, IL

Total Revenue
$162,905
Total Expenses
$154,395
Total Assets
$1,015,298
Net Assets
$1,015,298
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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
IL
Principal Officer
KATHERINE CLOONEN
Phone
8159531990
Tax Period
2023-06-01 to 2024-05-31

KANKAKEE VALLEY SYMPHONY ORCHESTRA ASSOCIATION, founded in 1967, is a small nonprofit that reported $163K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $154K left a modest 5% surplus.

Mission

PROMOTE APPRECIATION OF SYMPHONIC MUSIC

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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 $46,880
Program Service Revenue $59,496
Investment Income $32,988
Other Revenue $23,541
TOTAL REVENUE $162,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $115,710
Other Expenses $154,395
TOTAL EXPENSES $154,395

Year-over-Year Comparison

2023 2022 Change
Revenue $162,905 $144,192 +0.1%
Expenses $154,395 $135,157 +0.1%
Net Income $8,510 $9,035 -0.1%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN AHLDEN PAST PRESIDE N/A
Director
$0 $0 $0
CHRIS BOHLEN SECRETARY N/A
Officer Director
$0 $0 $0
BILL BUCK DIRECTOR N/A
Director
$0 $0 $0
YVONNE CHALFANT DIRECTOR N/A
Director
$0 $0 $0
KATHERINE CLOONEN PRESIDENT N/A
Officer Director
$0 $0 $0
KAREN DUCHENE DIRECTOR N/A
Director
$0 $0 $0
JUNELL HOEKSTRA DIRECTOR N/A
Director
$0 $0 $0
DAVID JAFFE VICE PRESIDE N/A
Officer Director
$0 $0 $0
MARCIE KOLBERG TREASURER N/A
Officer Director
$0 $0 $0
LIZ MADSEN DIRECTOR N/A
Director
$0 $0 $0
DON REDDICK DIRECTOR N/A
Director
$0 $0 $0
REBECCA SCHILTZ DIRECTOR N/A
Director
$0 $0 $0
BARBARA SCHWARK DIRECTOR N/A
Director
$0 $0 $0
MICHAEL SNYDER DIRECTOR N/A
Director
$0 $0 $0
MAURICE SULLIVAN DIRECTOR N/A
Director
$0 $0 $0
BARBIE BREWER WATSON DIRECTOR N/A
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 $162,905 $154,395 $1,015,298 $8,510
2023 $144,192 $135,157 $926,510 $9,035
2022 $243,615 $140,704 $917,475 $102,911
2021 $111,981 $69,329 $881,864 $42,652
2020 $344,807 $125,003 $686,892 $219,804
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