RICHMOND SYMPHONY ORCHESTRA

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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

1957

Legal Domicile

Principal Officer

LESLIE BOLSER

Phone

7659665181

Tax Period

2024-07-01 to 2025-06-30

RICHMOND SYMPHONY ORCHESTRA, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $663K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $2.4M represent 44 months of operating reserves.

Mission

SHAPE THE CULTURAL LIFE OF OUR REGION BY DELIVERING EXCEPTIONAL, INCLUSIVE MUSIC EXPERIENCES THAT ENRICH, ENTERTAIN AND EDUCATE.

Program Service Accomplishments

Program 1

Expenses: $398,055 Revenue: $74,246

NUMEROUS MUSICAL PRODUCTIONS AND RELATED ACTIVITIES WERE PRESENTED BY THE SYMPHONY THROUGHOUT ONE SEASON AND THOUSANDS IN THE COMMUNITY BENEFITED.

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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 $309,173

Program Service Revenue $74,246

Investment Income $73,843

Other Revenue $206,146

TOTAL REVENUE $663,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,231

Fundraising Expenses $72,011

Program Expenses $398,055

Other Expenses $508,052

TOTAL EXPENSES $650,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$663,408	$726,205	-0.1%
Expenses	$650,283	$610,469	+0.1%
Net Income	$13,125	$115,736	-0.9%

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

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

$58,284

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE BOLSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTY VAN DER BURGT	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
MENGIE PARKER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN ZETZL	TREASURER	1.00	Officer Director	$0	$0	$0
TOM ALBERTS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BUCHHOLZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF CARTER	PAST-PRESIDE	1.00	Director	$0	$0	$0
JULES CLEMENTE	DIRECTOR	1.00	Director	$0	$0	$0
AMY NOE DUDAS	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN LAINSBURY	DIRECTOR	1.00	Director	$0	$0	$0
LYNN MAYER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX PAINTER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SHAW	DIRECTOR	1.00	Director	$0	$0	$0
JASON TROUTWINE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA VANCE	DIRECTOR	1.00	Director	$0	$0	$0
MONICA KOECHLEIN	EXECUTIVE DI	40.00	Officer	$58,284	$0	$58,284

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	$663,408	$650,283	$2,444,695	$13,125
2024	No data	No data	No data	No data
2023	$568,247	$581,093	$1,996,572	$-12,846
2022	$512,304	$420,521	$1,920,554	$91,783
2021	$443,562	$259,678	$2,069,695	$183,884
2020	$334,161	$384,380	$1,525,078	$-50,219
2019	$460,425	$477,498	$1,497,592	$-17,073
2018	$364,422	$393,745	$1,458,459	$-29,323