CINCINNATI SYMPHONY ORCHESTRA

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

CINCINNATI, OH

Total Revenue
$115,839,819
Total Expenses
$41,961,505
Total Assets
$479,702,083
Net Assets
$451,499,025
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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
2024-09-01 to 2025-08-31

CINCINNATI SYMPHONY ORCHESTRA, founded in 1894, is a major nonprofit in the Arts, Culture & Humanities sector that reported $115.8M in total revenue in fiscal year 2024. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73.9M, a strong 64% operating margin.

Mission

THE MISSION OF THE CINCINNATI SYMPHONY ORCHESTRA IS TO SEEK AND SHARE INSPIRATION.

Program Service Accomplishments

Program 1
Expenses: $31,745,184 Revenue: $11,219,817

ORCHESTRA CONCERTS OF CLASSICAL WORKS (40), POPS (18), YOUTH AND EDUCATIONAL (209), AND OTHER CONCERTS (40). ADDITIONALLY, THE ORCHESTRA PROVIDES SERVICES TO THE CINCINNATI BALLET (41) AS WELL AS...

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ORCHESTRA CONCERTS OF CLASSICAL WORKS (40), POPS (18), YOUTH AND EDUCATIONAL (209), AND OTHER CONCERTS (40). ADDITIONALLY, THE ORCHESTRA PROVIDES SERVICES TO THE CINCINNATI BALLET (41) AS WELL AS OTHER SERVICES TO SIMILAR MISSION-ALIGNED ENTITIES. THROUGH ALL PROGRAM SERVICES OF THE ORCHESTRA THE TOTAL NUMBER OF ARTS PATRONS SERVED WAS 242,098.

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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 (2024)

Revenue Breakdown

Contributions & Grants $94,342,425
Program Service Revenue $11,172,919
Investment Income $10,249,101
Other Revenue $75,374
TOTAL REVENUE $115,839,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,939,049
Fundraising Expenses $2,531,170
Program Expenses $31,745,184
Other Expenses $14,390,873
TOTAL EXPENSES $41,961,505

Year-over-Year Comparison

2024 2023 Change
Revenue $115,839,819 $53,330,646 +1.2%
Expenses $41,961,505 $40,159,265 +0.0%
Net Income $73,878,314 $13,171,381 +4.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
41
Independent Members
39
Employees
539
Volunteers
160

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
6
$1,421,396
Total Directors
41
$346,184
Key Employees
2
$570,870
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIAN CUNNINGHAM DIRECTOR 0.50
Director
$0 $0 $0
AIK KHAI PUNG DIRECTOR 0.50
Director
$0 $0 $0
ALBERT SMITHERMAN DIRECTOR 0.50
Director
$0 $0 $0
ANDREA COSTA DIRECTOR 0.50
Director
$0 $0 $0
ANNE MULDER DIRECTOR 0.50
Director
$0 $0 $0
BLAIR FLEISCHMANN DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
DORIE AKERS DIRECTOR 0.50
Director
$0 $0 $0
DUCK WADSWORTH DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
EDNA KEOWN DIRECTOR 0.50
Director
$0 $0 $0
EVIN BLOMBERG DIRECTOR & VIOLIN 40.00
Director
$123,165 $15,904 $139,069
FLORENCE KOETTERS DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
FRANCIE HILTZ DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
GABE DAVIS DIRECTOR 0.50
Director
$0 $0 $0
HEATHER APPLE DIRECTOR 0.50
Director
$0 $0 $0
JACK ROUSE DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
JAMES MINUTOLO DIRECTOR 0.50
Director
$0 $0 $0
JOE HIRSCHHORN DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
JOHN LANNI DIRECTOR 0.50
Director
$0 $0 $0
KARI ULLMAN DIRECTOR 0.50
Director
$0 $0 $0
KATE BROWN DIRECTOR 0.50
Director
$0 $0 $0
KORI HILL DIRECTOR 0.50
Director
$0 $0 $0
LAURA MITCHELL DIRECTOR 0.50
Director
$0 $0 $0
LISA KELLY DIRECTOR 0.50
Director
$0 $0 $0
MARIA ESPINOLA DIRECTOR 0.50
Director
$0 $0 $0
MELANIE HEALEY DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL BERGAN DIRECTOR 0.50
Director
$0 $0 $0
OTTO BUDIG DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
PATRICK SCHLEKER DIRECTOR & PRINCIPAL TIMPA 40.00
Director
$177,580 $29,535 $207,115
RALPH BROWN DIRECTOR 0.50
Director
$0 $0 $0
RICK REYNOLDS DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
ROB MCDONALD DIRECTOR 0.50
Director
$0 $0 $0
SHANNON LAWSON DIRECTOR 0.50
Director
$0 $0 $0
SPENCER LILES DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
STEPHANIE SMITH DIRECTOR 0.50
Director
$0 $0 $0
TRISH BRYAN DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
VALARIE SHEPPARD DIRECTOR 0.50
Director
$0 $0 $0
WILL LINDNER DIRECTOR 0.50
Director
$0 $0 $0
DIANNE ROSENBERG IMMEDIATE PAST CHAIR 0.50
Director
$0 $0 $0
CHARLA WEISS CHAIR 0.50
Officer Director
$0 $0 $0
SUE MCPARTLIN TREASURER 0.50
Officer Director
$0 $0 $0
GERRON MCKNIGHT SECRETARY 0.50
Officer Director
$0 $0 $0
JONATHAN MARTIN PRESIDENT & CEO 40.00
Officer
$534,269 $33,679 $642,323
RICHARD FRESHWATER VICE PRESIDENT & CFO 30.00
Officer
$273,355 $36,351 $385,547
ROBERT MCGRATH CHIEF OPERATING OFFICER 40.00
Officer
$359,078 $34,448 $393,526
MARY MCFADDEN LAWSON CHIEF PHILANTHROPY OFFICER 40.00
Key Emp
$266,462 $33,026 $299,488
HAROLD BROWN CHIEF DIVERSITY & INCLUSIO 40.00
Key Emp
$239,437 $31,945 $271,382
STEFANI MATSUO CONCERTMASTER, VIOLIN 40.00
Highest
$324,305 $9,064 $333,369
DWIGHT PARRY PRINCIPAL OBOE 40.00
Highest
$231,198 $15,904 $247,102
JOHN RUSSELL POPS CONDUCTOR 40.00
Highest
$217,923 $39,802 $257,725
ELIZABETH FREIMUTH PRINCIPAL FRENCH HORN 40.00
Highest
$217,788 $29,536 $247,324
CHRISTOPHER PELL PRINCIPAL CLARINET 40.00
Highest
$217,132 $15,904 $233,036
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 $115,839,819 $41,961,505 $479,702,083 $73,878,314
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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