Canton Symphony Orchestra Association (EIN 346533119) - 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

1938

Legal Domicile

Principal Officer

Rachel Hagemeier

Phone

3304523434

Tax Period

2023-07-01 to 2024-06-30

Canton Symphony Orchestra Association, founded in 1938, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 24% operating deficit.

Mission

PERFORMANCE OF CULTURAL AND EDUCATIONAL MUSIC PERFORMANCES FOR ADULTS AND SCHOOL CHILDREN.

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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 $962,469

Program Service Revenue $381,847

Investment Income $118,426

Other Revenue $77,648

TOTAL REVENUE $1,540,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,038,780

Fundraising Expenses $68,839

Program Expenses $1,235,677

Other Expenses $872,051

TOTAL EXPENSES $1,910,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,540,390	$1,807,754	-0.1%
Expenses	$1,910,831	$2,031,061	-0.1%
Net Income	$-370,441	$-223,307	+0.7%

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

239

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

$72,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachel Hagemeier	PRESIDENT & CEO	40.0	Officer	$72,595	$0	$72,595
JANET B BAKER	CHAIR	2.0	Officer Director	$0	$0	$0
Rita Albright	Trustee Non-Voting	0.5	Director	$0	$0	$0
JENNIFER GEORGE	TRUSTEE	0.5	Director	$0	$0	$0
LINDA CASEY	Trustee	0.5	Director	$0	$0	$0
PATTY DOWD SCHMITZ	Trustee	0.5	Director	$0	$0	$0
GAIL I MARTINO	Trustee	2.0	Director	$0	$0	$0
JOANNA ESCOBAR	Trustee	0.5	Director	$0	$0	$0
PAT GILLESPIE	Trustee	0.5	Director	$0	$0	$0
LAUREN CAPO	TRUSTEE	0.5	Director	$0	$0	$0
ALLISON JACOB	RECORDER	0.5	Officer Director	$0	$0	$0
JOE JADICK	TRUSTEE	0.5	Director	$0	$0	$0
KATHY SMITHBERGER	Treasurer	0.5	Officer Director	$0	$0	$0
Virginia Banks	TRUSTEE	0.5	Director	$0	$0	$0
ELIZABETH GOOD KNUTSON	TRUSTEE	0.5	Director	$0	$0	$0
Jonathon Lalewicz	TRUSTEE	0.5	Director	$0	$0	$0
MEG MATUSKA	Trustee Non-Voting	0.5	Director	$0	$0	$0
Melissa Shiepis	TRUSTEE	0.5	Director	$0	$0	$0
Robin Zollinger	TRUSTEE	0.5	Director	$0	$0	$0
BILLY PATTERSON	Trustee	0.5	Director	$0	$0	$0
BOB PORTER	Trustee	0.5	Director	$0	$0	$0
DANNY PORTER	Trustee	0.5	Director	$0	$0	$0
ROBIN ROKISKY	Trustee Non-Voting	0.5	Director	$0	$0	$0
MARK SHENGLE	Trustee	0.5	Director	$0	$0	$0
JAY SPENCER	Trustee	0.5	Director	$0	$0	$0
KYLE STONE	Trustee	0.5	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	$1,540,390	$1,910,831	$9,188,972	$-370,441
2023	$1,807,754	$2,031,061	$9,043,568	$-223,307
2022	$1,370,457	$1,609,141	$8,494,904	$-238,684
2021	$1,032,805	$968,992	$9,342,742	$63,813
2020	$1,166,127	$1,472,679	$8,530,928	$-306,552
2019	$1,432,809	$1,829,683	$8,600,014	$-396,874

Canton Symphony Orchestra Association