Cleveland, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Musical Arts Association, founded in 1925, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $78.8M in total revenue in fiscal year 2024. Expenses of $72.4M left a modest 8% surplus.
The Cleveland Orchestra inspires and enriches lives by creating extraordinary musical experiences at the highest level of artistic excellence.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $78,823,318 | $79,412,615 | 0.0% |
| Expenses | $72,359,344 | $71,767,644 | +0.0% |
| Net Income | $6,463,974 | $7,644,971 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Richard K Smucker | Chairman & Resident Trustee | 13.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dennis W LaBarre Immediate | Past Chair & Resident Trustee | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Kramer | Vice Chair, Treasurer & Resident Trustee | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| David J Hooker | Secretary & Resident Trustee | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Beth E Mooney | Treasurer until 11/24, Resident Trustee | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Hewitt B Shaw | Secretary & Resident Trustee until 11/24 | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Victor Alexander | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Robin Blossom | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Yuval Brisker | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Richard J Bogomolny | Resident Trustee until 11/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| Helen Rankin Butler | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Nancy Slocum Callahan | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Irad Carmi | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Matthew V Crawford | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Hiroyuki Fujita | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael Frank | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert Glick | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Arthur C Hall III | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Iris Harvie | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Dee Haslam | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Stephen H Hoffman | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Sarah Johnston | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Michelle Shan Jeschelnig | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Elizabeth B Juliano | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Nancy F Keithley | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Douglas A Kern | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| John D Koch Jr | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Heather Lennox | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Cathy Lincoln | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Norma Lerner | Resident Trustee until 11/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| Robert W Malone | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Milton S Maltz | Resident Trustee until 11/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| Ben Mathews | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Nancy McCann | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Steven J McHale | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Scott C Mueller | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Thomas F McKee | Resident Trustee until 11/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| Christine Myeroff | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Katherine T O'Neill | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Hyun Park | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Alfred M Rankin Jr | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Charles A Ratner | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Zoya Reyzis | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| James C Spira | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| R Thomas Stanton | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Richard Stovsky | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Russell A Trusso | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Daniel P Walsh | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Thomas A Waltermire | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeffrey J Weaver | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Anya Weaving | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Meredith Smith Weil | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Paul E Westlake Jr | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| David A Wolfort | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Anthony Wynshaw-Boris | Resident Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Wolfgang C Berndt | International Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Herbert Kloiber | International Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Virginia Nord Barbato | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Mary Jo Eaton | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael J Horvitz | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Thomas Lauria | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Loretta J Mester | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Benjamin Pyne | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Geraldine B Warner | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Tony White | National Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Todd Diacon | Trustee Ex-Officio | 1.00 |
Director
|
$0 | $0 | $0 |
| Lisa Fedorovich | Trustee Ex-Officio | 1.00 |
Director
|
$0 | $0 | $0 |
| Eric Kaler | Trustee Ex-Officio | 1.00 |
Director
|
$0 | $0 | $0 |
| Judith E Matsko | Trustee Ex-Officio | 1.00 |
Director
|
$0 | $0 | $0 |
| Beverly Schneider | Trustee Ex-Officio | 1.00 |
Director
|
$0 | $0 | $0 |
| Andre Gremillet | President & CEO | 60.00 |
Officer
|
$1,080,869 | $229,063 | $1,309,932 |
| James E Menger | Asst. Treasurer, CFO | 50.00 |
Officer
|
$294,718 | $29,334 | $324,052 |
| Amy Egle | Asst. Secretary & Executive Asst. | 40.00 |
Officer
|
$83,582 | $3,025 | $86,607 |
| Jane Hargraft | CDO until 10/24 | 40.00 |
Key Emp
|
$331,261 | $43,334 | $374,595 |
| David Radzynski | Musician until 9/24 | 40.00 |
Highest
|
$333,026 | $32,393 | $365,419 |
| Michael Sachs | Musician | 40.00 |
Highest
|
$315,098 | $52,997 | $368,095 |
| Joshua Smith | Musician | 40.00 |
Highest
|
$309,054 | $40,094 | $349,148 |
| Mark Kosower | Musician | 40.00 |
Highest
|
$306,082 | $37,530 | $343,612 |
| Afendi Yusuf | Musician | 40.00 |
Highest
|
$352,300 | $27,567 | $379,867 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $78,823,318 | $72,359,344 | $412,782,135 | $6,463,974 |
| 2024 | $79,412,615 | $71,767,644 | $390,655,885 | $7,644,971 |
| 2023 | $76,819,625 | $66,565,856 | $362,318,173 | $10,253,769 |
| 2022 | $62,138,155 | $57,033,615 | $327,213,396 | $5,104,540 |
| 2021 | $69,418,564 | $41,880,215 | $368,313,121 | $27,538,349 |
| 2020 | $54,210,898 | $52,250,064 | $284,635,926 | $1,960,834 |
| 2019 | $56,781,169 | $57,988,415 | $291,916,435 | $-1,207,246 |
| 2018 | $61,994,445 | $57,048,912 | $282,093,303 | $4,945,533 |
Compare The Musical Arts Association with other nonprofits in Ohio and across the country.