Lee's Summit Symphony Orchestra (EIN 270055476) - 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

2002

Legal Domicile

Principal Officer

Karl Hayes

Phone

8164015251

Tax Period

2024-07-01 to 2025-06-30

Lee's Summit Symphony Orchestra, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $229K left a modest 5% surplus.

Mission

THE MISSION OF THE LEES SUMMIT SYMPHONY ORCHESTRA IS TO PROVIDE EXCELLENT MUSICAL EXPERIENCES THAT ENHANCE THE QUALITY OF LIFE FOR THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $165,411

Program Service Revenue $67,559

Investment Income $7,414

Other Revenue $0

TOTAL REVENUE $240,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,449

Fundraising Expenses $33,484

Program Expenses $144,118

Other Expenses $167,843

TOTAL EXPENSES $229,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,384	$273,686	-0.1%
Expenses	$229,292	$265,032	-0.1%
Net Income	$11,092	$8,654	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gail Benne	Director	1.00	Director	$0	$0	$0
Emily Crawford	Director	1.00	Director	$0	$0	$0
Robert Jones	Director	1.00	Director	$0	$0	$0
Dr Barbara Thompson	Director	1.00	Director	$0	$0	$0
Stephen Arbo	Director	N/A	Director	$0	$0	$0
Sanford Peterson	Director	N/A	Director	$0	$0	$0
Cynda Rader	Director	N/A	Director	$0	$0	$0
Kirby Asplund	Director	N/A	Director	$0	$0	$0
Mel Gross	Director	N/A	Director	$0	$0	$0
Bob Hartnett	Director	N/A		$0	$0	$0
Mike Roark	President	N/A	Officer	$0	$0	$0
Susie Newsam	Secretary	N/A	Officer	$0	$0	$0
Karl Hayes	Treasurer	N/A	Officer	$0	$0	$0
Keith Asel	President Elect	N/A	Officer	$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	$240,384	$229,292	$219,906	$11,092
2024	$273,686	$265,032	$191,366	$8,654
2023	$164,386	$149,164	$243,067	$15,222
2022	$173,740	$158,530	$162,663	$15,210
2021	$109,467	$102,622	$150,323	$6,845
2020	$146,730	$137,038	$91,140	$9,692
2019	$160,872	$150,641	$70,116	$10,231

Lee's Summit Symphony Orchestra