NORTHERN KENTUCKY SYMPHONY

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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

1987

Legal Domicile

Principal Officer

JR CASSIDY

Phone

8594316216

Tax Period

2024-07-01 to 2025-06-30

NORTHERN KENTUCKY SYMPHONY, founded in 1987, is a small nonprofit that reported $650K in total revenue in fiscal year 2024.

Mission

TO CULTURALLY ENRICH, EDUCATE AND ENTERTAIN THE RESIDENTS OF NORTHERN KENTUCKY AND GREATER CINCINNATI THROUGH UNIQUE AND THEMATIC PERFORMANCES DESIGNED TO MAKE SYMPHONIC MUSIC ATTRACTIVE, ACCESSIBLE AND AFFORDABLE.

Program Service Accomplishments

Program 1

Expenses: $180,794 Revenue: $0

KSO Summer Park Series includes six free outdoor programs performed in the picturesque and relaxed setting of Covington, Kys Devou Park, and Fort Thomas, Kys Tower Park, from July through September. These casual concerts welcome families and individual of all socio- economic backgrounds. Seniors and those wishing to avoid crowds are invited to attend each morning dress rehearsal. Admission and parking are free. The 2024 Summer concerts reached approximately 15,550 area residents in-person and virtually.

Program 2

Expenses: $271,814 Revenue: $71,229

The Subscription Series concerts spanned from October through May, and featured five attractive, accessible and affordable symphonic programs offered in venues throughout N KY and SW Ohio to an...

The Subscription Series concerts spanned from October through May, and featured five attractive, accessible and affordable symphonic programs offered in venues throughout N KY and SW Ohio to an audience of 2,502 people. These concerts are the sole source of earned ticket revenues (prices range from $9.50 to $35). Subscription Series concerts showcase the orchestras most musically challenging and aesthetically creative performances, and remains the basis for program structure, artistic development and musical growth.

Program 3

Expenses: $104,949 Revenue: $0

This season the KSOs education efforts, reached 4,007 Northern Kentucky and Greater Cincinnati students and their teachers, grade 3 -12 from 136 schools (42 public, private, parochial and 94 home...

This season the KSOs education efforts, reached 4,007 Northern Kentucky and Greater Cincinnati students and their teachers, grade 3 -12 from 136 schools (42 public, private, parochial and 94 home schools/cooperatives). 52% of participants were considered economically disadvantaged. These free programs introduce and showcase symphony music and its derivatives and help fill gaps left in many schools curriculums. For 30 years the KSO has provided engaging programs teachers say they need to help their students succeed.

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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 $443,290

Program Service Revenue $88,053

Investment Income $14,619

Other Revenue $103,566

TOTAL REVENUE $649,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,564

Fundraising Expenses $16,197

Program Expenses $566,582

Other Expenses $346,121

TOTAL EXPENSES $646,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$649,528	$670,166	0.0%
Expenses	$646,685	$622,414	+0.0%
Net Income	$2,843	$47,752	-0.9%

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

$167,110

Total Directors

Key Employees