ROCKFORD SYMPHONY ORCHESTRAS INC (EIN 366109375) - 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

1943

Legal Domicile

Principal Officer

JULIE THOMAS

Phone

8159650049

Tax Period

2023-07-01 to 2024-06-30

ROCKFORD SYMPHONY ORCHESTRAS INC, founded in 1943, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

SYMPHONY ORCHESTRAS - THE ORCHESTRAS PRODUCE A SERIES OF CONCERTS EACH SEASON. THE ORCHESTRAS MISSION IS TO LEAD IN THE CREATION OF VIBRANT MUSIC EXPERIENCES THAT ENLIGHTEN, EDUCATE AND ENTERTAIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $642,075

Program Service Revenue $408,656

Investment Income $21,166

Other Revenue $31,683

TOTAL REVENUE $1,103,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $640,012

Fundraising Expenses $16,805

Program Expenses $765,662

Other Expenses $501,222

TOTAL EXPENSES $1,141,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,103,580	$1,042,042	+0.1%
Expenses	$1,141,234	$1,206,471	-0.1%
Net Income	$-37,654	$-164,429	-0.8%

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

198

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

$88,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAYLE ENGLOF	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL KIKTA	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOSEPH MCCOY	DIRECTOR	2.00	Director	$0	$0	$0
ARNOLD ROSEN	DIRECTOR	2.00	Director	$0	$0	$0
JULIE THOMAS	EXECUTIVE DI	40.00	Officer	$80,000	$8,837	$88,837
RUSS STONEBACK	1ST VICE PRE	3.00	Officer Director	$0	$0	$0
TAMI GAUDREAU	2ND VICE PRE	3.00	Officer Director	$0	$0	$0
MATT GIEBEL	DIRECTOR	2.00	Director	$0	$0	$0
COLIN PETERSON	IMM. PAST PR	3.00	Officer Director	$0	$0	$0
ETHAN ZENTZ	TREASURER	3.00	Officer Director	$0	$0	$0
MARY MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
MARK ZARNKE	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN GAUSEBECK	DIRECTOR	2.00	Director	$0	$0	$0
FREDRIC KULLBERG	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$1,103,580	$1,141,234	$876,915	$-37,654
2023	$1,042,042	$1,206,471	$831,768	$-164,429
2022	$1,485,964	$1,100,903	$914,665	$385,061
2021	$987,575	$509,462	$645,461	$478,113
2020	$1,218,204	$1,191,980	$407,372	$26,224

ROCKFORD SYMPHONY ORCHESTRAS INC