CATSKILL SYMPHONY ORCHESTRA INC (EIN 237444664) - 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

1953

Legal Domicile

Phone

6072697501

Tax Period

2023-07-01 to 2024-06-30

CATSKILL SYMPHONY ORCHESTRA INC, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $266K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $332K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE MISSION OF THE CATSKILL SYMPHONY ORCHESTRA IS TO ENTERTAIN, EDUCATE, AND INSPIRE AUDIENCES OF ALL AGES BY PRESENTING A PROFESSIONAL ENSEMBLE OF THE HIGHEST ARTISTIC QUALITY PERFORMING THE FULL RANGE OF SYMPHONIC LITERATURE. THE ORCHESTRA ALSO SEEKS TO BROADEN THE AVAILABILITY AND APPRECIATION OF SYMPHONIC MUSIC IN ONEONTA AND SURROUNDING COMMUNITIES, AND TO PROVIDE A CHALLENGING ENVIRONMENT FOR TALENTED REGIONAL MUSICIANS.

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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 $186,820

Program Service Revenue $36,572

Investment Income $42,975

Other Revenue $0

TOTAL REVENUE $266,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,093

Fundraising Expenses $3,838

Program Expenses $283,194

Other Expenses $163,083

TOTAL EXPENSES $332,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,367	$147,254	+0.8%
Expenses	$332,176	$308,567	+0.1%
Net Income	$-65,809	$-161,313	-0.6%

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

103

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

$63,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN GERAGHTY	Executive Dir.	30.00	Officer	$35,000	$0	$35,000
GLEN CORTESE	MUSIC DIRECTOR	30.00	Officer	$28,000	$0	$28,000
MAX TANNENBAUM	Director	2.00	Director	$0	$0	$0
AUDREY PORSCHE	Director	2.00	Director	$0	$0	$0
SARAH PATTERSON	Chairman	10.00	Officer Director	$0	$0	$0
CHRISTOPHER ROLLO	Director	2.00	Director	$0	$0	$0
DENISE RICHARDSON	PRES CSO COUNCI	3.00	Director	$0	$0	$0
SEAN SHANNON PHD	Secretary	10.00	Officer Director	$0	$0	$0
CONNIE MARTIN	Director	2.00	Director	$0	$0	$0
WENDY HUNT	Treasurer	10.00	Officer Director	$0	$0	$0
IAN F KENYON	VICE CHAIR	10.00	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	No data	No data	No data	No data
2024	$266,367	$332,176	$463,961	$-65,809
2023	$147,254	$308,567	$500,940	$-161,313
2022	$187,680	$263,799	$652,256	$-76,119
2021	$104,902	$75,713	$773,635	$29,189
2020	$224,270	$224,867	$623,068	$-597
2019	$229,187	$235,095	$674,660	$-5,908

CATSKILL SYMPHONY ORCHESTRA INC