The Indianapolis Symphony Orchestra Association (EIN 352024219) - 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

1937

Legal Domicile

Phone

3172621100

Tax Period

2023-09-01 to 2024-08-31

The Indianapolis Symphony Orchestra Association, founded in 1937, is a small nonprofit in the Arts, Culture & Humanities sector that reported $226K in total revenue in fiscal year 2023. Expenses of $258K exceeded revenue, resulting in a 14% operating deficit.

Mission

The Indianapolis Symphony Orchestra Association volunteers enthusiastically support and promote the Indianapolis Symphony Orchestrta and its musicians through fundraising, educational programs, and audience development.

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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 $87,290

Program Service Revenue $1,861

Investment Income $135

Other Revenue $136,980

TOTAL REVENUE $226,266

Expense Breakdown

Grants Paid $226,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,178

Other Expenses $31,759

TOTAL EXPENSES $258,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,266	$221,137	+0.0%
Expenses	$258,209	$183,226	+0.4%
Net Income	$-31,943	$37,911	-1.8%

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

397

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
Ann Deagan-Romberg	Chair (THROUGH 06/2024)	3.0	Officer Director	$0	$0	$0
Carol Rohrabaugh-Mote	Chair	3.0	Officer Director	$0	$0	$0
Cindy Ohlrogge	Treasurer	3.0	Officer Director	$0	$0	$0
Diane Evans	Recording Secretary	3.0	Officer Director	$0	$0	$0
Jan Pierce	Immediate Past President	3.0	Officer Director	$0	$0	$0
Janet Barb	Executive Board Advisor	3.0	Officer Director	$0	$0	$0
Joanna Weiler	President	15.0	Officer Director	$0	$0	$0
Judi Taflinger	Chair	3.0	Officer Director	$0	$0	$0
Leslie Nelson	President-Elect	3.0	Officer Director	$0	$0	$0
Linda Sykes	Corresponding Secretary	3.0	Officer Director	$0	$0	$0
Mary Ellen Weitekamp	Executive Board Advisor	3.0	Officer Director	$0	$0	$0
Mary Kay Anthony	Chair	3.0	Officer Director	$0	$0	$0
Rita Martin	Chair	3.0	Officer Director	$0	$0	$0
Robin Coffee	Chair	3.0	Officer Director	$0	$0	$0
Sharon Stegemoller	Parliamentarian/Chair	3.0	Officer Director	$0	$0	$0
Susan Beckett	Chair	3.0	Officer Director	$0	$0	$0
Susan Due	Treasurer Special Projects	3.0	Officer Director	$0	$0	$0
Susan Smithburn	Executive Board Advisor	3.0	Officer Director	$0	$0	$0
Terry Snell	Immediate Past President	3.0	Officer Director	$0	$0	$0
Anne Gregg	Board Member	3.0	Director	$0	$0	$0
Barb Ralph	Board Member	3.0	Director	$0	$0	$0
Barbara Bennett	Board Member (THROUGH 06/2024)	3.0	Director	$0	$0	$0
Debbie Vargo	Board Member	3.0	Director	$0	$0	$0
Debra Dyar	Board Member	3.0	Director	$0	$0	$0
Diane Hildenbrand	Board Member (THROUGH 06/2024)	3.0	Director	$0	$0	$0
Elaine Massey	Board Member	3.0	Director	$0	$0	$0
Esther Weaver	Board Member (THROUGH 06/2024)	3.0	Director	$0	$0	$0
Frances Heavrin	Board Member	3.0	Director	$0	$0	$0
Gail McDermott-Bowler	Board Member	3.0	Director	$0	$0	$0
Glenda Griffin	Board Member (THROUGH 06/2024)	3.0	Director	$0	$0	$0
Jane Wenzel	Board Member (THROUGH 06/2024)	3.0	Director	$0	$0	$0
Jenna Tragesser	Board Member	3.0	Director	$0	$0	$0
Karen Allen	Board Member	3.0	Director	$0	$0	$0
Karen Davis	Board Member	3.0	Director	$0	$0	$0
Kay Kinder	Board Member	3.0	Director	$0	$0	$0
Linda Sanning	Board Member	3.0	Director	$0	$0	$0
Mary Richards	Board Member	3.0	Director	$0	$0	$0
Meg Niehaus	Board Member	3.0	Director	$0	$0	$0
Patti Goesch	Board Member	3.0	Director	$0	$0	$0
Patty Butwin	Board Member	3.0	Director	$0	$0	$0
Paula Elam	Board Member	3.0	Director	$0	$0	$0
Peg McRoy	Board Member	3.0	Director	$0	$0	$0
Rita Steinberg	Board Member	3.0	Director	$0	$0	$0
Roz Robertson	Board Member	3.0	Director	$0	$0	$0
Sarah Stoel	Board Member	3.0	Director	$0	$0	$0
Tom Goesch	Board Member	3.0	Director	$0	$0	$0
Veronica Foote	Board Member	3.0	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
2024	$226,266	$258,209	$74,784	$-31,943
2023	$221,137	$183,226	$106,727	$37,911
2022	$183,949	$186,233	$68,816	$-2,284
2021	$82,667	$84,399	$71,100	$-1,732
2020	$133,195	$138,481	$72,832	$-5,286
2019	$197,053	$190,815	$87,731	$6,238
2018	$178,930	$174,691	$71,880	$4,239

The Indianapolis Symphony Orchestra Association