PITTSBURGH SYMPHONY INC

EIN: 250986052 501(c)(3) Arts, Culture & Humanities

PITTSBURGH, PA

Total Revenue
$55,173,648
Total Expenses
$42,722,554
Total Assets
$187,593,015
Net Assets
$163,905,836
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
PA
Principal Officer
MELIA TOURANGEAU
Phone
4123924809
Tax Period
2023-09-01 to 2024-08-31

PITTSBURGH SYMPHONY INC, founded in 1935, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $55.2M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.5M, a strong 23% operating margin.

Mission

PROMOTES A LOVE OF MUSIC BY MAINTAINING A SYMPHONY ORCHESTRA. OUR VISION IS GREAT MUSIC IN EVERY LIFE.

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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 $33,822,912
Program Service Revenue $10,078,684
Investment Income $10,517,935
Other Revenue $754,117
TOTAL REVENUE $55,173,648

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,191,341
Fundraising Expenses $2,522,852
Program Expenses $36,439,037
Other Expenses $15,302,229
TOTAL EXPENSES $42,722,554

Year-over-Year Comparison

2023 2022 Change
Revenue $55,173,648 $30,841,021 +0.8%
Expenses $42,722,554 $39,242,910 +0.1%
Net Income $12,451,094 $-8,401,889 -2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
48
Independent Members
47
Employees
568
Volunteers
110

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
10
$1,202,190
Total Directors
53
$534,178
Key Employees
1
$238,138
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELIA TOURANGEAU PRESIDENT & CEO 40.00
Officer Director
$496,903 $37,275 $534,178
ANTHONY BUCCI CHAIRMAN 2.00
Officer Director
$0 $0 $0
RICHARD P SIMMONS CHAIR EMERITUS 2.00
Officer Director
$0 $0 $0
MICHAEL DEVANNEY VICE CHAIR 2.00
Officer Director
$0 $0 $0
JON D WALTON VICE CHAIR 2.00
Officer Director
$0 $0 $0
DEBRA L CAPLAN SECRETARY 2.00
Officer Director
$0 $0 $0
JEFFREY CRAFT TREASURER 2.00
Officer Director
$0 $0 $0
JUANJO ARDID DIRECTOR (EXITED 01/24) 2.00
Director
$0 $0 $0
MICHELE ATKINGS DIRECTOR 2.00
Director
$0 $0 $0
WENDY BARENSFELD DIRECTOR 2.00
Director
$0 $0 $0
ROBIN BERNSTEIN DIRECTOR 2.00
Director
$0 $0 $0
ERIC BOUGHNER DIRECTOR 2.00
Director
$0 $0 $0
JA'RON BRIDGES DIRECTOR 2.00
Director
$0 $0 $0
ELLEN BROOKS DIRECTOR 2.00
Director
$0 $0 $0
EARL BUFORD DIRECTOR 2.00
Director
$0 $0 $0
DAVID CABLE DIRECTOR (ENTERED 09/23) 2.00
Director
$0 $0 $0
MARC CHAZAUD DIRECTOR (EXITED 09/23) 2.00
Director
$0 $0 $0
ANN DONAHUE DIRECTOR 2.00
Director
$0 $0 $0
MARK FLAHERTY DIRECTOR 2.00
Director
$0 $0 $0
ALEXA FORTE DIRECTOR 2.00
Director
$0 $0 $0
MARITA GARRETT DIRECTOR 2.00
Director
$0 $0 $0
JULIE GULICK DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW HELFRICH DIRECTOR (ENTERED 09/23) 2.00
Director
$0 $0 $0
THOMAS B HOTOPP DIRECTOR 2.00
Director
$0 $0 $0
GINA LAITE DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL MAGLIO DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER MCCOMISH DIRECTOR 2.00
Director
$0 $0 $0
HILARY MERCER DIRECTOR (EXITED 12/23) 2.00
Director
$0 $0 $0
HUMA MOHIUDDIN DIRECTOR (EXITED 06/24) 2.00
Director
$0 $0 $0
DONALD I MORITZ DIRECTOR 2.00
Director
$0 $0 $0
ABBY L MORRISON DIRECTOR 2.00
Director
$0 $0 $0
BEEJEE MORRISON DIRECTOR 2.00
Director
$0 $0 $0
ELLIOTT S OSHRY DIRECTOR 2.00
Director
$0 $0 $0
RESHMA PARANJPE DIRECTOR (ENTERED 09/23) 2.00
Director
$0 $0 $0
SETH PEARLMAN DIRECTOR (ENTERED 01/24) 2.00
Director
$0 $0 $0
BRIAN PORTMAN DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM RACKOFF DIRECTOR 2.00
Director
$0 $0 $0
ROBERT REILLY DIRECTOR 2.00
Director
$0 $0 $0
JANET SARBAUGH DIRECTOR (ENTERED 05/24) 2.00
Director
$0 $0 $0
GREGORY SCOTT DIRECTOR (ENTERED 09/23) 2.00
Director
$0 $0 $0
AMY SEBASTIAN DIRECTOR 2.00
Director
$0 $0 $0
JIN SONG DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS STIRLING DIRECTOR 2.00
Director
$0 $0 $0
CRAIG A TILLOTSON DIRECTOR 2.00
Director
$0 $0 $0
NICOLE THEOPHILUS DIRECTOR (EXITED 04/24) 2.00
Director
$0 $0 $0
THOMAS TODD LIFE DIRECTOR 2.00
Director
$0 $0 $0
MATT TOKORCHECK DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINE TORETTI DIRECTOR 2.00
Director
$0 $0 $0
RYAN VACCARO DIRECTOR 2.00
Director
$0 $0 $0
MARKUS WEBER DIRECTOR 2.00
Director
$0 $0 $0
HELGE H WEHMEIER DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL J WHITE DIRECTOR 2.00
Director
$0 $0 $0
JOEL YUHAS DIRECTOR (ENTERED 09/23) 2.00
Director
$0 $0 $0
BRIDGET MEACHAM KOWALSKI SVP & CFO (ENTERED 01/24) 40.00
Officer
$120,467 $30,026 $150,493
MARTIN BATES SVP & COO 40.00
Officer
$251,266 $34,247 $285,513
SCOTT MICHAEL VICE PRESIDENT & CFO (EXITED 12/23) 40.00
Officer
$188,793 $43,213 $232,006
MARY ANNE TALOTTA SVP & CDO 40.00
Key Emp
$217,276 $20,862 $238,138
DAVID MCCARROLL CONCERTMASTER 40.00
Highest
$310,731 $25,713 $336,444
WILLIAM CABALLERO PRINCIPAL FRENCH HORN 40.00
Highest
$303,992 $45,738 $349,730
MICHAEL RUSINEK PRINCIPAL CLARINET 40.00
Highest
$216,760 $26,419 $243,179
CYNTHIA DEALMEIDA PRINCIPAL OBOE 40.00
Highest
$279,663 $20,370 $300,033
MICAH WILKINSON PRINCIPAL TRUMPET 40.00
Highest
$213,836 $32,657 $246,493
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 $55,173,648 $42,722,554 $187,593,015 $12,451,094
2023 $30,841,021 $39,242,910 $165,429,946 $-8,401,889
2022 $35,674,466 $33,284,956 $168,227,004 $2,389,510
2021 $30,739,984 $23,600,910 $194,466,393 $7,139,074
2020 $44,898,626 $33,265,787 $160,513,295 $11,632,839
2019 $36,545,841 $36,068,188 $153,190,774 $477,653
2018 $45,231,709 $36,790,837 $159,581,369 $8,440,872
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