ILLINOIS SYMPHONY ORCHESTRA INC

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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

1993

Legal Domicile

Principal Officer

DR DANIEL BROWNSTONE M

Phone

2175222838

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS SYMPHONY ORCHESTRA INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE TRAINING AND EDUCATION FOR MUSICIANS, AND ENCOURAGE THE APPRECIATION OF SYMPHONIC MUSIC THROUGH CONCERT PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $1,009,279 Revenue: $570,034

PROVIDE TRAINING AND EDUCATION FOR MUSICIANS, AND ENCOURAGE THE APPRECIATION OF SYMPHONIC MUSIC THROUGH CONCERT PERFORMANCES.

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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 $564,797

Program Service Revenue $568,106

Investment Income $63,440

Other Revenue $200,076

TOTAL REVENUE $1,396,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $875,929

Fundraising Expenses $98,280

Program Expenses $1,009,279

Other Expenses $724,348

TOTAL EXPENSES $1,600,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,396,419	$1,260,831	+0.1%
Expenses	$1,600,277	$1,486,192	+0.1%
Net Income	$-203,858	$-225,361	-0.1%

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

256

Volunteers

300

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

$139,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN YOCKEY	VP DEVELOPMENT	5.00	Officer Director	$0	$0	$0
ERIK FINES	BOARD MEMBER	0.50	Director	$0	$0	$0
TARYN GRANT	BOARD MEMBER	0.50	Director	$0	$0	$0
AL AZINGER	BOARD MEMBER	0.50	Director	$0	$0	$0
ELAINE COUSINS	VP-COMM. EDUC.	2.00	Officer Director	$0	$0	$0
DR JAMES APPLEGATE	VP-MARKETING	2.00	Officer Director	$0	$0	$0
DR DAN BROWNSTONE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEE DEE GAIN	SP GUILD PRESIDENT	0.50	Director	$0	$0	$0
KENNETH BERK	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN KAUERAUF	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN HOLLAND	VP-PLANNING	2.00	Officer Director	$0	$0	$0
DR PATRICIA RUSHING	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS LAYZELL	BOARD MEMBER	0.50	Director	$0	$0	$0
CATHY WENTWORTH	BLM GUILD PRES	0.50	Director	$0	$0	$0
DALE ROGERS	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLE RINGER	ENDOW BRD SEC	2.00	Director	$0	$0	$0
MILTON SEES	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBBIE RINGER	TREASURER	2.00	Officer Director	$0	$0	$0
DEANIE BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLYN BERNING	BOARD MEMBER	0.50	Director	$0	$0	$0
DR ANN ABBOTT JOSEPH	BOARD MEMBER	0.50	Director	$0	$0	$0
PEGGY HUNDLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENDAN BUKALSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
BETTY SCANLON	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURIE BURKE	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRY HUFF	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHRYN RANSOM	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL WYATT	BOARD MEMBER	0.50	Director	$0	$0	$0
TREVOR ORTHMANN	EXECUTIVE DIREC	40.00	Officer	$114,855	$24,273	$139,128

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	$1,396,419	$1,600,277	$1,870,048	$-203,858
2023	$1,260,831	$1,486,192	$1,902,827	$-225,361
2022	$1,564,334	$1,380,236	$1,779,627	$184,098
2021	$1,141,698	$819,351	$2,014,792	$322,347
2020	$1,133,617	$1,136,742	$1,555,784	$-3,125
2019	$1,236,561	$1,298,793	$1,471,918	$-62,232
2018	$1,552,051	$1,252,912	$1,641,509	$299,139