GRAND RAPIDS SYMPHONY ENDOWMENT FU… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

DIANE LOBBESTAEL

Phone

6164549451

Tax Period

2017-09-01 to 2018-08-31

Mission

SUPPORTS THE OPERATIONS AND PROGRAMS OF THE GRAND RAPIDS SYMPHONY SOCIETY BY SUSTAINING THE ORCHESTRA'S CONCERT, MUSIC EDUCATION AND ACCESSIBILITY PROGRAMMING ACROSS WEST MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $1,094,530

CONTRIBUTIONS TO THE GRAND RAPIDS SYMPHONY.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $1,094,530

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,094,530

Other Expenses $0

TOTAL EXPENSES $1,094,530

Year-over-Year Comparison

	2017	2016	Change
Revenue	N/A	$2,243,204	-1.0%
Expenses	$1,094,530	$1,353,966	-0.2%
Net Income	N/A	$889,238	N/A

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

N/A

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

$196,888

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN GARETY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BONNIE MILLER	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
MIKE VAN HAREN	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT COLLIER	TRUSTEE	1.00	Director	$0	$0	$0
PAUL POTTER	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN VOGELSANG	TRUSTEE	1.00	Director	$0	$0	$0
MILT ROWHER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM WALKER	TRUSTEE	1.00	Director	$0	$0	$0
PETER PEREZ	SOCIETY PRES	6.00	Officer	$0	$0	$100,256
DIANE LOBBESTAEL	PRESIDENT	1.00	Officer	$0	$8,691	$96,632

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
2018	No data	$1,094,530	No data	No data

GRAND RAPIDS SYMPHONY ENDOWMENT FUND