LIVONIA SYMPHONY SOCIETY INC

EIN: 382131812 501(c)(3)

LIVONIA, MI

Total Revenue
$332,022
Total Expenses
$155,679
Total Assets
$513,739
Net Assets
$512,534
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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
1971
Legal Domicile
MI
Principal Officer
SR MARY ANN SMITH CSSF
Phone
7344211111
Tax Period
2023-07-01 to 2024-06-30

LIVONIA SYMPHONY SOCIETY INC, founded in 1971, is a small nonprofit that reported $332K in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $176K, a strong 53% operating margin.

Mission

TO PROVIDE CULTURAL EXPERIENCE THROUGH MUSICAL PERFORMANCES TO THE CITY OF LIVONIA RESIDENTS AND RESIDENTS OF SURROUNDING COMMUNITIES. TO PROVIDE MUSICAL OUTREACH FOR YOUTH AND SENIORS. TO PROVIDED MUSICAL GROWTH OPPORTUNITIES TO ITS CONTRACT MUSICIANS.

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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 $289,101
Program Service Revenue $0
Investment Income $5,885
Other Revenue $37,036
TOTAL REVENUE $332,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,709
Fundraising Expenses $0
Program Expenses $143,394
Other Expenses $122,970
TOTAL EXPENSES $155,679

Year-over-Year Comparison

2023 2022 Change
Revenue $332,022 $140,319 +1.4%
Expenses $155,679 $128,281 +0.2%
Net Income $176,343 $12,038 +13.6%
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
18
Independent Members
18
Employees
1
Volunteers
25

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE BENCIK DIRECTOR N/A
Director
$0 $0 $0
CAROL BONAMICI DIRECTOR N/A
Director
$0 $0 $0
DAVID GIANDELETTI CPA DIRECTOR N/A
Director
$0 $0 $0
SR MARY ANN SMITH CSSF PRESIDENT N/A
Officer Director
$0 $0 $0
WILLIAM FRIED EMERITUS N/A
Director
$0 $0 $0
ROSE KACHNOWSKI PAST PRESIDE N/A
Director
$0 $0 $0
ERIC LADWIG DIRECTOR N/A
Director
$0 $0 $0
RONALD LAING TREASURER N/A
Officer Director
$0 $0 $0
CHARLIE MAHONEY DIRECTOR N/A
Director
$0 $0 $0
DR FREDERICK MOSS PHD DIRECTOR N/A
Director
$0 $0 $0
ROBYNN RHODES ORCHESTRA RE N/A
Director
$0 $0 $0
SUSAN PARKER STEWART VICE PRESIDE N/A
Officer Director
$0 $0 $0
KAREN SANBORN DIRECTOR N/A
Director
$0 $0 $0
SUSAN PARKER STEWART SECRETARY N/A
Officer Director
$0 $0 $0
BARBARA WILTSIE DIRECTOR 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 $332,022 $155,679 $513,739 $176,343
2023 $140,319 $128,281 $337,343 $12,038
2022 $140,746 $83,535 $322,465 $57,211
2021 $160,236 $31,586 $265,305 $128,650
2020 $209,515 $123,242 $136,667 $86,273
2019 $167,520 $134,386 $54,481 $33,134
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