SOUTH BEND SYMPHONY ORCHESTRA ASSOCIATION INC (EIN 356042189) - 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

1950

Legal Domicile

Principal Officer

STEVEN HAINES

Phone

5742326343

Tax Period

2024-07-01 to 2025-06-30

SOUTH BEND SYMPHONY ORCHESTRA ASSOCIATION INC, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $12.7M represent 60 months of operating reserves.

Mission

WE INSPIRE, ENTERTAIN, AND CONNECT PEOPLE WITH THE TRANSFORMATIVE POWER OF ORCHESTRAL MUSIC. AS MICHIANA'S PREMIERE PROFESSIONAL ORCHESTRA, THE SOUTH BEND SYMPHONY ENGAGES THE COMMUNITY IN THE EXPLORATION OF ORCHESTRAL MUSIC IN ALL ITS FORMS.

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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 $1,389,071

Program Service Revenue $579,972

Investment Income $588,234

Other Revenue $-2,079

TOTAL REVENUE $2,555,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,525,205

Fundraising Expenses $277,291

Program Expenses $1,633,571

Other Expenses $1,087,193

TOTAL EXPENSES $2,612,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,555,198	$2,850,284	-0.1%
Expenses	$2,612,398	$2,526,286	+0.0%
Net Income	$-57,200	$323,998	-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

232

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

$142,142

Total Directors

$16,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTUS ZIMMERMAN	EXECUTIVE DI	40.00	Officer	$127,924	$14,218	$142,142
ALASTAIR WILLIS	MUSIC DIRECT	40.00	Highest	$123,675	$14,090	$137,765
RACHEL GOFF	DIRECTOR	1.00	Director	$10,401	$0	$10,401
HELENE DAUERTY	DIRECTOR	1.00	Director	$6,152	$0	$6,152
BRUCE BONDURANT	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COLEMAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
KYLE EVERETT	DIRECTOR	1.00	Director	$0	$0	$0
KIM FARABAUGH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FINLAY	DIRECTOR	1.00	Director	$0	$0	$0
CINDY GRETSCHMANN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KARY	DIRECTOR	1.00	Director	$0	$0	$0
DONNA LAMBERTI CPA	DIRECTOR	1.00	Director	$0	$0	$0
CORDELL MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
CHERON MERTEN	DIRECTOR	1.00	Director	$0	$0	$0
CRISTYNE PORILE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SAWDON CPA	DIRECTOR	1.00	Director	$0	$0	$0
CARI SHEIN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY THOMPSON MD	DIRECTOR	1.00	Director	$0	$0	$0
BIANCA TIRADO	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN V CURTIS EDD	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN OHMER PHD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MARK ROSS PHD	SECRETARY	2.00	Officer Director	$0	$0	$0
BREIGHAN M BOESKOOL PHD	TREASURER	2.00	Officer Director	$0	$0	$0
STEVEN HAINES	EXECUTIVE DI	40.00	Officer	$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	$2,555,198	$2,612,398	$13,020,438	$-57,200
2024	$2,850,284	$2,526,286	$12,550,940	$323,998
2023	$2,133,538	$2,345,623	$11,518,713	$-212,085
2022	$2,188,431	$1,813,959	$11,276,810	$374,472
2021	$1,644,862	$1,397,724	$12,758,390	$247,138
2020	$1,764,045	$1,670,961	$10,036,668	$93,084
2019	$1,848,596	$1,645,186	$9,664,243	$203,410
2018	$2,313,137	$1,593,852	$9,484,437	$719,285

SOUTH BEND SYMPHONY ORCHESTRA ASSOCIATION INC