Chicago Symphony Orchestra

EIN: 362167823 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$125,909,695
Total Expenses
$88,908,944
Total Assets
$647,012,411
Net Assets
$492,006,799
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1890
Legal Domicile
IL
Principal Officer
Jeff Alexander
Phone
3122943333
Tax Period
2024-07-01 to 2025-06-30

Chicago Symphony Orchestra, founded in 1890, is a major nonprofit in the Arts, Culture & Humanities sector that reported $125.9M in total revenue in fiscal year 2024. The organization ran a surplus of $37.0M, a strong 29% operating margin.

Mission

With the Chicago Symphony Orchestra at its core, the mission of the Chicago Symphony Orchestra Association is to enrich, inspire and transform lives through music, community engagement and education - locally, nationally and internationally.

Program Service Accomplishments

Program 1
Expenses: $53,777,951 Revenue: $24,439,058

Chicago Symphony Orchestra Concerts - During its 134th season, the Chicago Symphony Orchestra inspired audiences through more than 130 performances, including 32 weeks of subscription concerts. The...

Read more

Chicago Symphony Orchestra Concerts - During its 134th season, the Chicago Symphony Orchestra inspired audiences through more than 130 performances, including 32 weeks of subscription concerts. The 2024/25 Season was highlighted by landmark performances with Zell Music Director Designate Klaus Makela and Music Director Emeritus for Life Riccardo Muti. Makela, whose tenure as the CSO's 11th Music Director begins in the 2027/28 Season, returned for a two-week spring residency that featured Mahler's Third Symphony and a program with Dvorak's Seventh Symphony and Brahms' Second Piano Concerto, featuring 2024/25 CSO Artist-in-Residence Daniil Trifonov. Muti conducted four distinct programs in Chicago, including a program featuring the world premiere of the CSO-commissioned Megalopolis Suite by former Mead Composer-in-Residence Osvaldo Golijov, and capped the season with four capacity performances of Verdi's Requiem Mass. This followed a critically acclaimed U.S. tour in January 2025 led by Muti, which included performances in Florida, at New York's Carnegie Hall and the McKnight Center for the Performing Arts in Stillwater, Oklahoma. Other artistic milestones included a 2025 European tour with Jaap van Zweden on the podium, where the CSO was the only North American ensemble invited to perform at the Mahler Festival in Amsterdam, followed by concerts in Hamburg, Dresden, Prague, and Wroclaw, Poland, and a collaboration with The Joffrey Ballet that featured two newly commissioned ballets.

Program 2
Expenses: $5,208,484 Revenue: $4,882,128

Symphony Center Presents Concerts - Symphony Center Presents (SCP) programs throughout the 2024/25 Season welcomed a wide array of world-class artists and ensembles. The SCP Chamber Music series...

Read more

Symphony Center Presents Concerts - Symphony Center Presents (SCP) programs throughout the 2024/25 Season welcomed a wide array of world-class artists and ensembles. The SCP Chamber Music series featured the return of viol player Jordi Savall with his early music ensembles; violinist Julia Fischer with pianist Jan Lisiecki, and a trio comprising violinist Anne-Sophie Mutter, pianist Yefim Bronfman, and cellist Pablo Ferrandez. The SCP Piano series brought legendary artists like Jean-Yves Thibaudet, Daniil Trifonov, Emanuel Ax, Evgeny Kissin, and Vikingur Olafsson back to Orchestra Hall, alongside notable debuts by Alexandre Kantorow and Mao Fujita. The SCP Jazz series included performances by the Jazz at Lincoln Center Orchestra with Wynton Marsalis, Cecile McLorin Salvant, the Bill Charlap Trio, Hiromi, the Brandee Younger Trio, Eliane Elias, and the Chicago Jazz Orchestra in a tribute to Oscar Peterson. Other highlights included Grammy Award-winning vocalist Lila Downs returning for a Dia de los Muertos program, as well as performances by the Sphinx Virtuosi, Kodo, the Ukulele Orchestra of Great Britain and Pink Martini.

Program 3
Expenses: $2,728,784 Revenue: $473,448

Education Concerts and Activities - Programs of the Negaunee Music Institute (NMI) engaged many communities, with 275 Chicago-area schools participating in programs that reached 25,000 students...

Read more

Education Concerts and Activities - Programs of the Negaunee Music Institute (NMI) engaged many communities, with 275 Chicago-area schools participating in programs that reached 25,000 students, teachers, and families. Two-thirds of student attendance came from Chicago Public Schools, who received free bus transportation. The Institute collaborated with 90 schools and community partners to deliver education and community engagement programs throughout the year. Training programs and performance opportunities for young musicians included the Crain-Maling Foundation CSO Young Artists Competition, Chicago Youth in Music Festival, Percussion Scholarship Program, Young Composers Initiative and partnerships with local schools and the Chicago Musical Pathways Initiative. The NMI continued to co-present Notes for Peace, a songwriting project that empowers parents who have lost children to gun violence to create original songs of tribute.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $73,115,707
Program Service Revenue $31,364,841
Investment Income $21,253,364
Other Revenue $175,783
TOTAL REVENUE $125,909,695

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,650,442
Fundraising Expenses $4,572,236
Program Expenses $68,036,377
Other Expenses $34,040,128
TOTAL EXPENSES $88,908,944

Year-over-Year Comparison

2024 2023 Change
Revenue $125,909,695 $125,469,447 +0.0%
Expenses $88,908,944 $88,621,632 +0.0%
Net Income $37,000,751 $36,847,815 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
130
Independent Members
129
Employees
1141
Volunteers
819

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
9
$1,804,767
Total Directors
133
$990,985
Key Employees
1
$318,161
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Alexander President 40.00
Officer Director
$914,323 $76,662 $990,985
Mary Louise Gorno Chair 1.50
Officer Director
$0 $0 $0
Chester A Gougis Vice Chair 0.30
Officer Director
$0 $0 $0
Steven Shebik Vice Chair 1.10
Officer Director
$0 $0 $0
Helen Zell Vice Chair 0.70
Officer Director
$0 $0 $0
Renee Metcalf Treasurer 0.50
Officer Director
$0 $0 $0
William Adams IV Life Trustee 0.60
Director
$0 $0 $0
Mrs Robert A Beatty Life Trustee 0.10
Director
$0 $0 $0
Arnold M Berlin Life Trustee 0.10
Director
$0 $0 $0
Laurence O Booth Life Trustee 0.10
Director
$0 $0 $0
William G Brown Life Trustee 0.10
Director
$0 $0 $0
Dean L Buntrock Life Trustee 0.10
Director
$0 $0 $0
Bruce E Clinton Life Trustee 0.10
Director
$0 $0 $0
Richard W Colburn Life Trustee 0.40
Director
$0 $0 $0
Richard H Cooper Life Trustee 0.10
Director
$0 $0 $0
Anthony T Dean Life Trustee 0.10
Director
$0 $0 $0
Debora de Hoyos Life Trustee 0.20
Director
$0 $0 $0
John A Edwardson Life Trustee 0.10
Director
$0 $0 $0
Thomas J Eyerman Life Trustee 0.10
Director
$0 $0 $0
David W Fox Sr Life Trustee 0.10
Director
$0 $0 $0
Cyrus F Freidheim Jr Life Trustee 0.20
Director
$0 $0 $0
Mrs Robert W Galvin Life Trustee 0.10
Director
$0 $0 $0
Paul C Gignilliat Life Trustee 0.20
Director
$0 $0 $0
Joseph B Glossberg Life Trustee 0.40
Director
$0 $0 $0
Richard C Godfrey Life Trustee 0.10
Director
$0 $0 $0
William A Goldstein Life Trustee 0.30
Director
$0 $0 $0
Howard L Gottlieb Life Trustee (until 9/21/24) 0.10
Director
$0 $0 $0
Mary Winton Green Life Trustee 0.10
Director
$0 $0 $0
David P Hackett Life Trustee 0.10
Director
$0 $0 $0
Joan W Harris Life Trustee 0.10
Director
$0 $0 $0
John H Hart Life Trustee 0.10
Director
$0 $0 $0
Thomas C Heagy Life Trustee 0.10
Director
$0 $0 $0
Jay L Henderson Life Trustee 0.10
Director
$0 $0 $0
William R Jentes Life Trustee 0.30
Director
$0 $0 $0
Richard B Kapnick Life Trustee 0.10
Director
$0 $0 $0
Donald G Kempf Jr Life Trustee 0.10
Director
$0 $0 $0
Mrs John C Kern Life Trustee 0.10
Director
$0 $0 $0
Robert Kohl Life Trustee 0.30
Director
$0 $0 $0
Josef Lakonishok Life Trustee 0.20
Director
$0 $0 $0
Charles Ashby Lewis Life Trustee 0.10
Director
$0 $0 $0
Eva F Lichtenberg Life Trustee 0.10
Director
$0 $0 $0
John F Manley Life Trustee 0.20
Director
$0 $0 $0
R Eden Martin Life Trustee 0.10
Director
$0 $0 $0
Arthur C Martinez Life Trustee 0.10
Director
$0 $0 $0
Judith W McCue Life Trustee 0.30
Director
$0 $0 $0
Lester H McKeever Life Trustee 0.10
Director
$0 $0 $0
David E McNeel Life Trustee 0.40
Director
$0 $0 $0
William A Osborn Life Trustee 0.10
Director
$0 $0 $0
Mrs Albert Pawlick Life Trustee 0.20
Director
$0 $0 $0
Jane DiRenzo Pigott Life Trustee 0.30
Director
$0 $0 $0
John M Pratt Life Trustee 0.10
Director
$0 $0 $0
Dr Irwin Press Life Trustee 0.10
Director
$0 $0 $0
John W Rogers Jr Life Trustee 0.10
Director
$0 $0 $0
Jerry Rose Life Trustee 0.10
Director
$0 $0 $0
Frank A Rossi Life Trustee 0.10
Director
$0 $0 $0
John R Schmidt Life Trustee 0.30
Director
$0 $0 $0
Thomas C Sheffield Jr Life Trustee 0.10
Director
$0 $0 $0
Robert C Spoerri Life Trustee 0.10
Director
$0 $0 $0
Carl W Stern Life Trustee 0.10
Director
$0 $0 $0
William H Strong Life Trustee 0.10
Director
$0 $0 $0
Louis C Sudler Jr Life Trustee (until 4/6/25) 0.10
Director
$0 $0 $0
Richard L Thomas Life Trustee 0.10
Director
$0 $0 $0
Richard P Toft Life Trustee 0.10
Director
$0 $0 $0
Penny Van Horn Life Trustee 0.30
Director
$0 $0 $0
Paul R Wiggin Life Trustee 0.30
Director
$0 $0 $0
John Aalbregtse Trustee 0.70
Director
$0 $0 $0
Peter J Barack Trustee 0.30
Director
$0 $0 $0
H Rigel Barber Trustee 0.10
Director
$0 $0 $0
Randy Lamm Berlin Trustee 0.10
Director
$0 $0 $0
Merrill Blau Trustee 0.40
Director
$0 $0 $0
Roderick Branch Trustee 0.10
Director
$0 $0 $0
Kay Bucksbaum Trustee (until 10/22/24) 0.10
Director
$0 $0 $0
Robert J Buford Trustee 0.40
Director
$0 $0 $0
Johannes Burlin Trustee 0.30
Director
$0 $0 $0
Leslie Henner Burns Trustee 0.70
Director
$0 $0 $0
Marion A Cameron-Gray Trustee 0.10
Director
$0 $0 $0
George P Colis Trustee 0.30
Director
$0 $0 $0
Keith S Crow Trustee 0.20
Director
$0 $0 $0
Stephen V D'Amore Trustee 0.10
Director
$0 $0 $0
Timothy A Duffy Trustee 0.40
Director
$0 $0 $0
Brian W Duwe Trustee 0.10
Director
$0 $0 $0
James B Fadim Trustee 0.40
Director
$0 $0 $0
Judith E Feldman Trustee 0.40
Director
$0 $0 $0
Robert B Ford Trustee 0.10
Director
$0 $0 $0
Estefania Garcia Trustee 0.10
Director
$0 $0 $0
Jennifer Goldstein Trustee 0.20
Director
$0 $0 $0
Graham C Grady Trustee 0.20
Director
$0 $0 $0
John Holmes Trustee 0.20
Director
$0 $0 $0
Janice L Honigberg Trustee 0.10
Director
$0 $0 $0
Lori Julian Trustee 0.40
Director
$0 $0 $0
Neil T Kawashima Trustee 0.20
Director
$0 $0 $0
Geraldine Keefe Trustee 0.20
Director
$0 $0 $0
Donna L Kendall Trustee 0.30
Director
$0 $0 $0
Thomas G Kilroy Trustee 0.20
Director
$0 $0 $0
Randall S Kroszner Trustee 0.10
Director
$0 $0 $0
Patty Lane Trustee 0.20
Director
$0 $0 $0
Jason M Laurie Trustee 0.20
Director
$0 $0 $0
Susan C Levy Trustee 0.20
Director
$0 $0 $0
Vikram Luthar Trustee 0.10
Director
$0 $0 $0
Ling Z Markovitz Trustee 0.30
Director
$0 $0 $0
Britt M Miller Trustee 0.10
Director
$0 $0 $0
Sharon Mitchell Trustee 0.20
Director
$0 $0 $0
Frank B Modruson Trustee 0.10
Director
$0 $0 $0
Toni Marie Montgomery Trustee 0.30
Director
$0 $0 $0
Mary Pivirotto Murley Trustee 0.40
Director
$0 $0 $0
Sylvia Neil Trustee 0.30
Director
$0 $0 $0
Christopher O'Herlihy Trustee 0.10
Director
$0 $0 $0
Santa J Ono Trustee 0.10
Director
$0 $0 $0
Gerald L Pauling II Trustee 0.30
Director
$0 $0 $0
Andrew Pritzker Trustee 0.10
Director
$0 $0 $0
Col Jennifer N Pritzker Trustee 0.10
Director
$0 $0 $0
Katherine Protextor Drehkoff Trustee 0.10
Director
$0 $0 $0
Dr Don M Randel Trustee 0.30
Director
$0 $0 $0
Dr Mohan Rao Trustee 0.10
Director
$0 $0 $0
Melissa M Root Trustee 0.40
Director
$0 $0 $0
Burton X Rosenberg Trustee 0.20
Director
$0 $0 $0
E Scott Santi Trustee 0.10
Director
$0 $0 $0
Marlon R Smith Trustee 0.10
Director
$0 $0 $0
Walter Snodell Trustee 0.20
Director
$0 $0 $0
Tracy A Stanciel Trustee 0.10
Director
$0 $0 $0
Dr Eugene Stark Trustee 0.30
Director
$0 $0 $0
Daniel E Sullivan Jr Trustee 0.30
Director
$0 $0 $0
Scott Swanson Trustee 0.50
Director
$0 $0 $0
Nasrin Thierer Trustee 0.20
Director
$0 $0 $0
Lisa Thomas Trustee 0.30
Director
$0 $0 $0
Christopher D Tower Trustee 0.30
Director
$0 $0 $0
Frederick H Waddell Trustee 0.30
Director
$0 $0 $0
Paul S Watford Trustee 0.40
Director
$0 $0 $0
Craig R Williams Trustee 0.20
Director
$0 $0 $0
Leah Williams Trustee 0.10
Director
$0 $0 $0
Robert A Wislow Trustee 0.30
Director
$0 $0 $0
Ann Marie Wright Trustee 0.10
Director
$0 $0 $0
Gifford R Zimmerman Trustee 0.30
Director
$0 $0 $0
Stacie M Frank VP, CFO, & Assistant Treasurer 40.00
Officer
$325,487 $31,319 $356,806
Kristine Stassen Secretary 40.00
Officer
$76,551 $26,298 $102,849
Dale Hedding VP for Development 40.00
Officer
$329,404 $24,723 $354,127
Vanessa Moss VP for Operations 40.00
Key Emp
$287,341 $30,820 $318,161
Robert Chen Concertmaster 40.00
Highest
$554,827 $70,939 $625,766
Stephen Williamson Principal Clarinet 40.00
Highest
$331,472 $154,022 $485,494
Mark Almond Principal Horn 40.00
Highest
$343,234 $16,854 $360,088
William Welter Principal Oboe 40.00
Highest
$339,617 $53,919 $393,536
Stefan Ragnar Hoskuldsson Principal Flute 40.00
Highest
$326,320 $64,491 $390,811
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 $125,909,695 $88,908,944 $647,012,411 $37,000,751
2024 No data No data No data No data
2023 $80,827,722 $85,601,183 $515,186,651 $-4,773,461
2022 $102,432,097 $75,080,250 $530,890,156 $27,351,847
2021 $109,905,535 $47,205,442 $576,700,123 $62,700,093
2020 $73,806,692 $76,256,229 $475,390,554 $-2,449,537
2019 $72,050,421 $78,697,891 $503,065,284 $-6,647,470
2018 $81,820,078 $81,339,432 $508,805,441 $480,646
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Chicago Symphony Orchestra with other nonprofits in Illinois and across the country.