NORTHWEST INDIANA SYMPHONY SOCIETY INC (EIN 351359750) - 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

1941

Legal Domicile

Principal Officer

DAVID MIKA

Phone

2198361839

Tax Period

2023-07-01 to 2024-06-30

NORTHWEST INDIANA SYMPHONY SOCIETY INC, founded in 1941, is a small nonprofit in the Arts, Culture & Humanities sector that reported $836K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE NORTHWEST INDIANA SYMPHONY IS DEDICATED TO PROVIDING QUALITY ORCHESTRAL PROGRAMMING THAT PROMOTES OPPORTUNITIES FOR ENJOYMENT AND EXPANDS INTEREST IN AND UNDERSTANDING OF DIVERSE MUSIC. THE SYMPHONY IS A CULTURAL ASSET THAT SERVES AS A UNIFYING FORCE FOR NORTHWEST INDIANA COMMUNITIES.

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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 $495,396

Program Service Revenue $344,032

Investment Income $14,151

Other Revenue $-17,774

TOTAL REVENUE $835,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,659

Fundraising Expenses $23,043

Program Expenses $783,528

Other Expenses $546,028

TOTAL EXPENSES $1,011,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$835,805	$771,314	+0.1%
Expenses	$1,011,687	N/A	N/A
Net Income	$-175,882	$771,314	-1.2%

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

137

Volunteers

140

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

$142,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY ARNOLD	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE DALTON	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM NEFF	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE RYAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID MIKA	EXECUTIVE DIRECTOR	25.00	Officer	$0	$27,510	$142,083

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	$835,805	$1,011,687	$502,541	$-175,882
2023	$771,314	$956,365	$724,394	$-185,051
2022	$1,082,981	$810,289	$891,721	$272,692
2021	$458,332	$355,573	$694,517	$102,759
2020	$1,196,042	$991,557	$547,929	$204,485
2019	$1,160,713	$1,056,024	$322,613	$104,689

NORTHWEST INDIANA SYMPHONY SOCIETY INC