ELGIN SYMPHONY ORCHESTRA ASSOCIATION (EIN 363145577) - 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

1981

Legal Domicile

Principal Officer

MARC THAYER

Phone

8478880404

Tax Period

2024-07-01 to 2025-06-30

ELGIN SYMPHONY ORCHESTRA ASSOCIATION, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year.

Mission

THROUGH INSPIRING PERFORMANCE AND EDUCATION, THE ELGIN SYMPHONY ORCHESTRA BUILDS COMMUNITY THROUGH THE POWER OF MUSIC.

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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 $1,513,050

Program Service Revenue $716,805

Investment Income $0

Other Revenue $374

TOTAL REVENUE $2,230,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,386,639

Fundraising Expenses $0

Program Expenses $1,501,191

Other Expenses $702,626

TOTAL EXPENSES $2,089,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,230,229	$1,780,383	+0.3%
Expenses	$2,089,265	$2,054,156	+0.0%
Net Income	$140,964	$-273,773	-1.5%

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

214

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
MICHELE CLARK	VICE CHAIR	1.00		$0	$0	$0
BERT CROSSLAND	PAST CHAIR	1.00		$0	$0	$0
HARRY ENG	CHAIR	1.00		$0	$0	$0
PATRICIA HARKIN	GOVERNANCE C	1.00		$0	$0	$0
RAFAEL VILLAGOMEZ	VICE CHAIR	1.00		$0	$0	$0
ERIC LARSON	SECRETARY	1.00	Officer	$0	$0	$0
TOM LONG	TREASURER	1.00	Officer	$0	$0	$0
MARC THAYER	CEO	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	$2,230,229	$2,089,265	$290,810	$140,964
2024	$1,780,383	$2,054,156	$192,316	$-273,773
2023	$1,712,219	$2,135,137	$291,276	$-422,918
2022	$2,098,094	$2,346,748	$718,957	$-248,654
2021	$1,427,792	$560,445	$1,139,731	$867,347
2020	$2,194,974	$2,006,308	$423,072	$188,666
2019	$2,310,757	$2,357,808	$147,268	$-47,051

ELGIN SYMPHONY ORCHESTRA ASSOCIATION