GRANT PARK ORCHESTRAL ASSOCIATION (EIN 320005884) - 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

PAUL WINBERG

Phone

3127427637

Tax Period

2024-01-01 to 2024-12-31

GRANT PARK ORCHESTRAL ASSOCIATION, founded in 2002, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $13.1M in total revenue in fiscal year 2024. The organization ran a surplus of $5.2M, a strong 39% operating margin.

Mission

(SEE SCH O)

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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 $12,525,724

Program Service Revenue $119,382

Investment Income $527,267

Other Revenue $-88,226

TOTAL REVENUE $13,084,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,167,005

Fundraising Expenses $1,500,616

Program Expenses $5,616,245

Other Expenses $2,740,249

TOTAL EXPENSES $7,918,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,084,147	$12,260,099	+0.1%
Expenses	$7,918,388	$7,163,176	+0.1%
Net Income	$5,165,759	$5,096,923	+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

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

425

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

$306,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM GRAIS	CHAIR	5.00	Officer Director	$0	$0	$0
TOM ORLANDO	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JERRY GOLDSTONE	TREASURER	4.00	Officer Director	$0	$0	$0
LARUE ROBINSON	SECRETARY	4.00	Officer Director	$0	$0	$0
STEPHEN SMITH	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
AMY BOONSTRA	DIRECTOR	1.00	Director	$0	$0	$0
ANDRIA VAN DER MERWE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA LEE	DIRECTOR	1.00	Director	$0	$0	$0
ANN HICKEY EX-OFFICIO	DIRECTOR (THROUGH 07/2024)	1.00	Director	$0	$0	$0
BOB BUFORD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SEDLAK	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS TARVER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHITNEY	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN FRIESTAD	DIRECTOR	1.00	Director	$0	$0	$0
ELIGIO PIMENTEL	DIRECTOR	1.00	Director	$0	$0	$0
FREDDI GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
HEDY RATNER	DIRECTOR	1.00	Director	$0	$0	$0
JAMEY FADIM	DIRECTOR	1.00	Director	$0	$0	$0
JENNY WILLCOX	DIRECTOR	1.00	Director	$0	$0	$0
JILL MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
JULIAN OETTINGER	DIRECTOR	1.00	Director	$0	$0	$0
KAREN ZUPKO	DIRECTOR	1.00	Director	$0	$0	$0
KATE DONALDSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA TESARIK	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM KAMIN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HINERFELD	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN SULLIVAN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CUSICK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FERRELL	DIRECTOR	1.00	Director	$0	$0	$0
NANCY DEHMLOW	DIRECTOR	1.00	Director	$0	$0	$0
PENNY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
PETER ASCOLI	DIRECTOR	1.00	Director	$0	$0	$0
RAMON STEWART	DIRECTOR	1.00	Director	$0	$0	$0
RHODA SWEENEY DRUCKER	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA KAMIN	DIRECTOR	1.00	Director	$0	$0	$0
SHELI ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCELROY	DIRECTOR (THROUGH 09/2024)	1.00	Director	$0	$0	$0
TOM HANSON	DIRECTOR	1.00	Director	$0	$0	$0
VERN BRODERS	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP ACEVEDO	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
CLINEE HEDSPETH	DIRECTOR EX-OFFICIO	1.00	Director	$0	$0	$0
LOU SANDOVAL	DIRECTOR	1.00	Director	$0	$0	$0
LA'MONT WILLIAMS	ASSOCIATE DIRECTOR	1.00	Director	$0	$0	$0
PAUL WINBERG	PRESIDENT & CEO	45.00	Officer	$275,313	$30,807	$306,120
HANNAH LEHMAN	CHIEF FINANCIAL OFFICER	45.00	Highest	$149,226	$23,648	$172,874
JILL HURWITZ	CHIEF MARKETING OFFICER	45.00	Highest	$136,838	$33,659	$170,497
CHRIS COLLINS	GENERAL MANAGER	45.00	Highest	$156,435	$9,786	$166,221
EMILY CANHAM	CHIEF DEVELOPMENT OFFICER	45.00	Highest	$148,002	$19,761	$167,763

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	$13,084,147	$7,918,388	$30,843,125	$5,165,759
2023	$12,260,099	$7,163,176	$23,109,304	$5,096,923
2022	$11,581,429	$7,147,455	$15,549,160	$4,433,974
2021	$7,547,765	$5,133,484	$15,259,948	$2,414,281
2020	$4,809,523	$2,544,101	$10,350,569	$2,265,422
2019	$6,706,517	$6,246,611	$6,335,714	$459,906
2018	$7,423,326	$5,717,218	$5,086,139	$1,706,108

GRANT PARK ORCHESTRAL ASSOCIATION