DETROIT SYMPHONY ORCHESTRA INC (EIN 381385132) - 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

1951

Legal Domicile

Principal Officer

ERIK RONMARK

Phone

3135765100

Tax Period

2023-09-01 to 2024-08-31

DETROIT SYMPHONY ORCHESTRA INC, founded in 1951, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $40.7M in total revenue in fiscal year 2023. Expenses of $48.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

RETIREMENT PAYMENTS AND SOCIAL CLUB DUES ARE FURNISHED TO THE PRESIDENT AND VICE PRESIDENTS. THE SOCIAL CLUB DUES ARE NOT INCLUDED IN TAXABLE COMPENSATION, AND ANY PERSONAL CHARGES INCURRED ARE REIMBURSED BY THE PRESIDENT AND VICE PRESIDENTS TO DETROIT SYMPHONY 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,805,942

Program Service Revenue $10,144,544

Investment Income $221,527

Other Revenue $1,506,311

TOTAL REVENUE $40,678,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,939,272

Fundraising Expenses $3,369,629

Program Expenses $36,646,273

Other Expenses $22,527,580

TOTAL EXPENSES $48,664,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,678,324	$39,235,887	+0.0%
Expenses	$48,664,911	$39,945,562	+0.2%
Net Income	$-7,986,587	$-709,675	+10.3%

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

707

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

$445,125

Total Directors

$1,062,649

Key Employees

$605,591

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PROVOST	DIRECTOR & CHAIRMAN	1.00	Officer Director	$0	$0	$0
ERIK RONMARK	DIRECTOR & PRESIDENT & CEO	60.00	Officer Director	$424,776	$20,349	$445,125
LAURA J TRUDEAU	DIRECTOR & TREASURER	1.00	Officer Director	$0	$0	$0
JAMES VELLA	DIRECTOR & SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD HUTTENLOCHER	DIRECTOR & OFFICER AT LARGE	1.00	Officer Director	$0	$0	$0
SHIRLEY STANCATO	DIRECTOR & VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID M WU MD	DIRECTOR & OFFICER AT LARGE	1.00	Officer Director	$0	$0	$0
MICHAEL BICKERS	DIRECTOR	1.00	Director	$0	$0	$0
ELENA CENTEIO	DIRECTOR	1.00	Director	$0	$0	$0
AARON FRANKEL	DIRECTOR	1.00	Director	$0	$0	$0
HERMAN B GRAY MD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA HERNANDEZ-ROMINE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS HOOD III	DIRECTOR	1.00	Director	$0	$0	$0
RENATO JAMETT	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL J KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
H KEITH MOBLEY	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
XAVIER MOSQUET	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NICHOLSON	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR T OREILLY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN POLK	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD I ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN HILL ZERINGUE	DIRECTOR	1.00	Director	$0	$0	$0
FAYE ALEXANDER NELSON	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
RALPH J GERSON	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
GLENDA D PRICE PHD	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
DAVID ASSEMANY	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
MICHAEL J KEEGAN	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
NANCY TELLEM	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
PETER MCCAFFREY	ORCHESTRA REPRESENTATIVE (PART YEAR)	40.00	Director	$101,748	$36,033	$137,781
KENNETH THOMKINS	ORCHESTRA REPRESENTATIVE (PART YEAR)	40.00	Director	$146,580	$30,966	$177,546
DAVID EVERSON	ORCHESTRA REPRESENTATIVE (PART YEAR)	40.00	Director	$124,661	$27,541	$152,202
AMANDA BLAIKIE	ORCHESTRA REPRESENTATIVE (PART YEAR)	40.00	Director	$113,900	$36,095	$149,995
JILL ELDER	VP AND CHIEF REVENUE OFFICER	60.00	Key Emp	$270,075	$37,329	$307,404
LINDA LUTZ	VP & CHIEF ADMIN & FINANCIAL OFFICER	60.00	Key Emp	$261,654	$36,533	$298,187
ROBYN BOLLINGER	MUSICIAN	40.00	Highest	$249,795	$19,827	$269,622
RALPH SKIANO JR	MUSICIAN	40.00	Highest	$163,234	$42,556	$205,790
WEI YU	MUSICIAN	40.00	Highest	$162,965	$40,614	$203,579
HUNTER EBERLY	MUSICIAN	40.00	Highest	$156,246	$41,393	$197,639
ALEXANDER KAPORDELIS	SENIOR DIRECTOR OF ADVANCEMENT	50.00	Highest	$150,476	$24,263	$174,739

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
2024	$40,678,324	$48,664,911	$117,042,832	$-7,986,587
2023	$39,235,887	$39,945,562	$116,610,522	$-709,675
2022	$44,760,192	$36,743,393	$113,852,222	$8,016,799
2021	$30,885,710	$25,589,570	$107,612,719	$5,296,140
2020	$29,874,628	$31,563,501	$97,503,520	$-1,688,873
2019	$40,951,752	$35,606,065	$99,763,501	$5,345,687

DETROIT SYMPHONY ORCHESTRA INC