CINCINNATI SYMPHONY ORCHESTRA

EIN: 310537080 501(c)(3) Arts, Culture & Humanities

CINCINNATI, OH

Total Revenue
$53,330,646
Total Expenses
$40,159,265
Total Assets
$377,754,303
Net Assets
$359,921,875
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1894
Legal Domicile
OH
Principal Officer
ROBERT MCGRATH
Phone
5137443306
Tax Period
2023-09-01 to 2024-08-31

CINCINNATI SYMPHONY ORCHESTRA, founded in 1894, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $53.3M in total revenue in fiscal year 2023. The organization ran a surplus of $13.2M, a strong 25% operating margin.

Mission

TO SEEK AND SHARE INSPIRATION.

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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 $28,645,249
Program Service Revenue $9,888,156
Investment Income $14,571,156
Other Revenue $226,085
TOTAL REVENUE $53,330,646

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,684,048
Fundraising Expenses $2,285,716
Program Expenses $30,635,681
Other Expenses $14,029,823
TOTAL EXPENSES $40,159,265

Year-over-Year Comparison

2023 2022 Change
Revenue $53,330,646 $51,084,528 +0.0%
Expenses $40,159,265 $38,506,792 +0.0%
Net Income $13,171,381 $12,577,736 +0.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
53
Independent Members
51
Employees
622
Volunteers
168

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
11
$1,419,943
Total Directors
53
$327,463
Key Employees
2
$553,428
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AKERS DORIE DIRECTOR 0.50
Director
$0 $0 $0
APPLE HEATHER DIRECTOR 0.50
Director
$0 $0 $0
BERGAN MICHAEL DIRECTOR 0.50
Director
$0 $0 $0
BLOMBERG EVIN DIRECTOR & VIOLIN 40.00
Director
$115,791 $14,951 $130,742
BROWN KATE DIRECTOR 0.50
Director
$0 $0 $0
BROWN RALPH DIRECTOR 0.50
Director
$0 $0 $0
BRYAN III TRISH E DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
BUDIG JR OTTO M DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
CARTER ANDRIA DIRECTOR 0.50
Director
$0 $0 $0
CHAVEZ MELANIE DIRECTOR 0.50
Director
$0 $0 $0
COSTA ANDREA DIRECTOR 0.50
Director
$0 $0 $0
CUNNINGHAM ADRIAN DIRECTOR 0.50
Director
$0 $0 $0
DAVIS GABE DIRECTOR 0.50
Director
$0 $0 $0
ESPINOLA MARIA DIRECTOR 0.50
Director
$0 $0 $0
FLEISCHMANN III BLAIR DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
GIGLIO L TIMOTHY DIRECTOR 0.50
Director
$0 $0 $0
HAMBY LAWRENCE DIRECTOR 0.50
Director
$0 $0 $0
HARGRAVE-YOUNG DELORES DIRECTOR 0.50
Director
$0 $0 $0
HILTZ FRANCIE S DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
HIRSCHHORN JOSEPH W DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
KELLY LISA DIRECTOR 0.50
Director
$0 $0 $0
KEOWN EDNA DIRECTOR 0.50
Director
$0 $0 $0
KIRK PATRICK DIRECTOR 0.50
Director
$0 $0 $0
KOETTERS FLORENCE DIRECTOR 0.50
Director
$0 $0 $0
KREGOR JONATHAN DIRECTOR 0.50
Director
$0 $0 $0
LANDGREN PETER DIRECTOR 0.50
Director
$0 $0 $0
LANNI JOHN DIRECTOR 0.50
Director
$0 $0 $0
LAWSON SHANNON DIRECTOR 0.50
Director
$0 $0 $0
LILES SPENCER DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
LINDNER WILL DIRECTOR 0.50
Director
$0 $0 $0
MAZZOCCA HOLLY DIRECTOR 0.50
Director
$0 $0 $0
MINUTOLO JAMES DIRECTOR 0.50
Director
$0 $0 $0
MITCHELL LAURA DIRECTOR 0.50
Director
$0 $0 $0
NORMAN LISA LENNON DIRECTOR 0.50
Director
$0 $0 $0
PHILLIPS TRIPP DIRECTOR 0.50
Director
$0 $0 $0
PUNG AIK KHAI DIRECTOR 0.50
Director
$0 $0 $0
REYNOLDS RICK DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
ROUSE JACK DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
SAMPSON LISA DIRECTOR 0.50
Director
$0 $0 $0
SCHLEKER PATRICK DIRECTOR & PRINCIPAL TIMPANY 40.00
Director
$169,199 $27,522 $196,721
SHEPPARD VALARIE DIRECTOR 0.50
Director
$0 $0 $0
SMITH STEPHANIE DIRECTOR 0.50
Director
$0 $0 $0
SMITHERMAN ALBERT DIRECTOR 0.50
Director
$0 $0 $0
VALZ DAVID R DIRECTOR 0.50
Director
$0 $0 $0
WADSWORTH RANDOLPH L DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
MCDONALD ROBERT W IMMEDIATE PAST CHAIR 0.50
Officer Director
$0 $0 $0
ROSENBERG DIANNE CHAIR 0.50
Officer Director
$0 $0 $0
MCPARTLIN SUE TREASURER 0.50
Officer Director
$0 $0 $0
MCKNIGHT GERRON SECRETARY 0.50
Officer Director
$0 $0 $0
ULLMAN KARI VICE-CHAIR, VOLUNTEERISM 0.50
Officer Director
$0 $0 $0
MULDER ANNE VICE-CHAIR, COMMUNITY ENGAGEMENT 0.50
Officer Director
$0 $0 $0
WEISS CHARLA CHAIR-ELECT, VICE-CHAIR, INSTITUTIONAL ADV. 0.50
Officer Director
$0 $0 $0
HEALEY MELANIE VICE-CHAIR, LEADERSHIP DEVELOPMENT 0.50
Officer Director
$0 $0 $0
FRESHWATER RICHARD VICE PRESIDENT & CFO 30.00
Officer
$286,938 $38,488 $411,118
MARTIN JONATHAN PRESIDENT & CEO 40.00
Officer
$519,035 $33,295 $624,602
MCGRATH ROBERT CHIEF OPERATING OFFICER 40.00
Officer
$350,520 $33,703 $384,223
LAWSON MARY MCFADDEN CHIEF PHILANTHROPY OFFICER 40.00
Key Emp
$257,549 $32,227 $289,776
BROWN HAROLD CHIEF DIVERSITY & INCLUSION 40.00
Key Emp
$232,459 $31,193 $263,652
MATSUO STEFANI CONCERTMASTER, VIOLIN 40.00
Highest
$313,373 $9,000 $322,373
PARRY DWIGHT PRINCIPAL OBOE 40.00
Highest
$222,170 $15,218 $237,388
FREIMUTH ELIZABETH PRINCIPAL FRENCH HORN 40.00
Highest
$202,141 $27,328 $229,469
RUSSELL JOHN MORRIS POPS CONDUCTOR 40.00
Highest
$209,436 $38,466 $247,902
PELL CHRISTOPHER PRINCIPAL CLARINET 40.00
Highest
$201,772 $15,218 $216,990
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 $53,330,646 $40,159,265 $377,754,303 $13,171,381
2023 $51,084,528 $38,506,792 $324,339,521 $12,577,736
2022 $55,153,223 $36,969,006 $298,354,425 $18,184,217
2021 $44,365,495 $27,387,644 $334,863,151 $16,977,851
2020 $72,846,957 $30,788,864 $281,171,666 $42,058,093
2019 $43,109,632 $33,288,825 $229,968,741 $9,820,807
2018 $33,994,008 $31,518,334 $226,173,191 $2,475,674
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