Spokane Symphony Associates (EIN 320108340) - 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

1998

Legal Domicile

Principal Officer

Elizabeth Raol

Phone

5094588733

Tax Period

2023-07-01 to 2024-06-30

Spokane Symphony Associates, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $630K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $608K left a modest 3% surplus.

Mission

To provide support for the Spokane Symphony Orchestra and to engage the Spokane 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 (2023)

Revenue Breakdown

Contributions & Grants $301,463

Program Service Revenue $0

Investment Income $0

Other Revenue $328,359

TOTAL REVENUE $629,822

Expense Breakdown

Grants Paid $500,100

Salaries & Benefits $17,538

Fundraising Expenses $55,960

Program Expenses $501,337

Other Expenses $90,552

TOTAL EXPENSES $608,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$629,822	$499,871	+0.3%
Expenses	$608,190	$481,266	+0.3%
Net Income	$21,632	$18,605	+0.2%

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

N/A

Volunteers

1028

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
Janet Lambarth	President	4.00	Officer Director	$0	$0	$0
Sandy Colquhoun	VP Promotion and PR	1.00	Officer Director	$0	$0	$0
Steve Corker	VP Development	1.00	Officer Director	$0	$0	$0
Karen Colkitt	VP Membership	1.00	Officer Director	$0	$0	$0
Kris Lamberson	VP Service & Social Projects	1.00	Officer Director	$0	$0	$0
Martha Harvey	VP Education	1.00	Officer Director	$0	$0	$0
Patricia Carolyn Gallon	Secretary	1.00	Officer Director	$0	$0	$0
Betsy Johnson - Treasurer	Forte Plus Chapter Chair	2.00	Officer Director	$0	$0	$0
Elizabeth Raol	President Elect	1.00	Officer Director	$0	$0	$0
Jeanette Brenner	Upscale Sale Chair	1.00	Director	$0	$0	$0
Bruce Colquhoun	Immediate Past President	1.00	Director	$0	$0	$0
Lori LaFrance	CTE Event Chair	1.00	Director	$0	$0	$0
Katherine Corrick	Bernstein Chapter Chair	1.00	Director	$0	$0	$0
Maggie Sullivan	Cantabile Chapter Chair	1.00	Director	$0	$0	$0
Maureen Boutz	Rockwood Chapter Chair	1.00	Director	$0	$0	$0
Doug Belanger	Kozinski Chapter Chair	1.00	Director	$0	$0	$0
Peggy Spellman	Thulean Chapter Chair	1.00	Director	$0	$0	$0
Kathy Morris	Ferden Chapter Chair	1.00	Director	$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	No data	No data	No data	No data
2024	$629,822	$608,190	$165,041	$21,632
2023	$499,871	$481,266	$145,436	$18,605
2022	$377,885	$477,539	$115,090	$-99,654
2021	$258,829	$176,490	$189,041	$82,339
2020	$475,668	$460,205	$181,818	$15,463
2019	$507,070	$507,006	$129,887	$64
2018	$430,597	$383,316	$128,985	$47,281

Spokane Symphony Associates