DANVILLE SYMPHONY ORCHESTRA FOUNDATION INC

EIN: 371291387 501(c)(3) Philanthropy & Grantmaking

DANVILLE, IL

Total Revenue
$89,041
Total Expenses
$101,327
Total Assets
$2,433,957
Net Assets
$2,433,957
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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
1992
Principal Officer
FRED FAULSTICH
Phone
2174435300
Tax Period
2023-07-01 to 2024-06-30

DANVILLE SYMPHONY ORCHESTRA FOUNDATION INC, founded in 1992, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $89K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $101K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION'S SIGNIFICANT ACTIVITY IS TO SUPPORT THE DANVILLE SYMPHONEY ORCHESTRA, INC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,330
Program Service Revenue $0
Investment Income $68,711
Other Revenue $0
TOTAL REVENUE $89,041

Expense Breakdown

Grants Paid $90,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $94,721
Other Expenses $11,327
TOTAL EXPENSES $101,327

Year-over-Year Comparison

2023 2022 Change
Revenue $89,041 $153,413 -0.4%
Expenses $101,327 $100,866 +0.0%
Net Income $-12,286 $52,547 -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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED FAULSTICH PRESIDENT N/A
Director
$0 $0 $0
RAJ KARINATTU VICE PRESIDE N/A
Director
$0 $0 $0
DICK BRAZDA SECRETARY N/A
Director
$0 $0 $0
RYAN MCLAUGHLIN TREASURER N/A
Director
$0 $0 $0
LON HENDERSON BOARD MEMBER N/A
Director
$0 $0 $0
BARBARA MUIRHEAD BOARD MEMBER N/A
Director
$0 $0 $0
DIANE HAMPEL BOARD MEMBER N/A
Director
$0 $0 $0
BETH CHAMBERLAN BOARD MEMBER N/A
Director
$0 $0 $0
GREG GREEN BOARD MEMBER N/A
Director
$0 $0 $0
BRAD COOPER BOARD MEMBER N/A
Director
$0 $0 $0
BARRY ANDERS BOARD MEMBER N/A
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 $89,041 $101,327 $2,433,957 $-12,286
2023 $153,413 $100,866 $2,235,469 $52,547
2022 $99,914 $88,497 $2,100,715 $11,417
2021 $41,224 $62,740 $2,541,180 $-21,516
2020 $1,062,848 $53,169 $2,103,451 $1,009,679
2019 $58,202 $48,951 $1,046,395 $9,251
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