LAFAYETTE SYMPHONY FOUNDATION INC

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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

CHARLENE SULLIVAN

Phone

7657421056

Tax Period

2024-07-01 to 2025-06-30

LAFAYETTE SYMPHONY FOUNDATION INC, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $201K exceeded revenue, resulting in a 1513% operating deficit.

Mission

SUPPORT OF THE LAFAYETTE SYMPHONY ORCHESTRA.

Program Service Accomplishments

Program 1

Expenses: $178,908

DISTRIBUTION OF ALLOCATED INCOME FROM VARIOUS FUNDS HELD BY THE FOUNDATION, TO THE LAFAYETTE SYMPHONY ORCHESTRA, IN ACCORDANCE WITH INSTRUCTIONS SPECIFIED BY DONORS AND BOARD OF DIRECTORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,430

Program Service Revenue $0

Investment Income $-13,670

Other Revenue $21,719

TOTAL REVENUE $12,479

Expense Breakdown

Grants Paid $178,908

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,908

Other Expenses $22,398

TOTAL EXPENSES $201,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,479	$108,720	-0.9%
Expenses	$201,306	$169,798	+0.2%
Net Income	$-188,827	$-61,078	+2.1%

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

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
CHARLENE SULLIVAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BETH MCCLUSKEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DOROTHY REED	SECRETARY	1.00	Officer Director	$0	$0	$0
KIMBERLEY MORISETTE CPA	TREASURER	1.00	Officer Director	$0	$0	$0
GREG KAPP	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHNEIDER	DIRECTOR	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	$12,479	$201,306	$3,630,544	$-188,827
2024	$108,720	$169,798	$3,454,758	$-61,078
2023	$-18,070	$171,212	$3,225,378	$-189,282
2022	$863,193	$185,775	$3,170,588	$677,418
2021	$220,145	$154,522	$3,687,666	$65,623
2020	$364,019	$150,281	$2,896,201	$213,738
2019	$22,497	$152,937	$2,815,507	$-130,440
2018	$445,659	$147,659	$2,859,571	$298,000