LAKE FOREST SYMPHONY ASSOCIATION

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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

1959

Legal Domicile

Principal Officer

RAYMOND J FRICK JR

Phone

8472952135

Tax Period

2018-09-01 to 2019-08-31

LAKE FOREST SYMPHONY ASSOCIATION, founded in 1959, is a small nonprofit that reported $844K in total revenue in fiscal year 2018. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $802K left a modest 5% surplus.

Mission

PART I, LINE 1 AND PART III, LINE 1 - THE LAKE FOREST SYMPHONY IS ORGANIZED TO PRESENT EXCITING, OUTSTANDING AND DIVERSE MUSICAL PROGRAMS OF THE HIGHEST ARTISTIC AND PROFESSIONAL QUALITY FOR AUDIENCES OF ALL AGES. ALSO TO ENRICH AND INSPIRE YOUNG PEOPLE, INCLUDING UNDERPRIVILEGED AND MINORITY AUDIENCES, THROUGH SCHOOL AND CONCERT HALL PERFORMANCES.

Program Service Accomplishments

Program 1

Expenses: $615,802 Revenue: $148,368

MUSIC PRODUCTION COSTS - EXPENDED TO ACHIEVE PURPOSE OF PROVIDING MUSICAL PROGRAMS OF THE HIGHEST ARTISTIC AND PROFESSIONAL QUALITY; AND FOR EDUCATING AND INSPIRING YOUNG PEOPLE, ESPECIALLY FROM...

MUSIC PRODUCTION COSTS - EXPENDED TO ACHIEVE PURPOSE OF PROVIDING MUSICAL PROGRAMS OF THE HIGHEST ARTISTIC AND PROFESSIONAL QUALITY; AND FOR EDUCATING AND INSPIRING YOUNG PEOPLE, ESPECIALLY FROM UNDERSERVED AND UNDERPRIVILEDGED DEMOGRAPHICS.

Program 2

Expenses: $3,950

MARKETING EXPENSES TO PROMOTE AWARENESS OF THE ASSOCIATION'S MUSICAL PROGRAMS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $694,850

Program Service Revenue $148,371

Investment Income $600

Other Revenue $209

TOTAL REVENUE $844,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,803

Fundraising Expenses $40,909

Program Expenses $628,701

Other Expenses $209,263

TOTAL EXPENSES $802,066

Year-over-Year Comparison

	2018	2017	Change
Revenue	$844,030	$572,210	+0.5%
Expenses	$802,066	$776,884	+0.0%
Net Income	$41,964	$-204,674	-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

121

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
S ANEEQA AQEEL	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND J FRICK JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD H MOREHEAD	SECRETARY	3.00	Officer Director	$0	$0	$0
KIM CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JOB A YOUSHAEI	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOANNA P ROLEK	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
JOSHUA M JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH K MILLER	TREASURER	3.00	Officer Director	$0	$0	$0
MICHAEL J BRADY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KEARNS	DIRECTOR	1.00	Director	$0	$0	$0
ELIAH NAJJAR	DIRECTOR	1.00	Director	$0	$0	$0
HECTOR RASGADO-FLORES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAL MIRANDA	DIRECTOR	1.00	Director	$0	$0	$0
JAY L OWEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SHAW	DIRECTOR	1.00	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
2019	$844,030	$802,066	$1,171,116	$41,964
2018	$572,210	$776,884	$1,232,845	$-204,674