HOLLAND, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOLLAND SYMPHONY ORCHESTRA, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $702K, a strong 55% operating margin.
HOLLAND SYMPHONY ORCHESTRA, INC. IS COMMITTED TO ENGAGING PEOPLE IN MUSIC TO ENRICH THE CULTURAL LIFE OF THE COMMUNITY. THE PURPOSE OF THE ORGANIZATION IS TO CREATE VARIED, QUALITY SYMPHONIC CONCERTS TO ENTERTAIN AND INSPIRE, PROVIDE EDUCATIONAL PROGRAMS TO PROMOTE A LIFELONG INTEREST IN MUSIC, ENCOURAGE THE MUSICAL EDUCATION OF AREA YOUTH, EXPAND COMMUNITY COLLABORATIONS AND RESPOND TO COMMUNITY NEEDS, INCREASE AUDIENCE AND PATRON PARTICIPATION, AND ASSURE RESPONSIBLE STEWARDSHIP OF FINANCIAL AND HUMAN RESOURCES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,280,826 | $585,302 | +1.2% |
| Expenses | $578,664 | $490,041 | +0.2% |
| Net Income | $702,162 | $95,261 | +6.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RUTH CROUCH | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAY HUBBARD | VICE CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAN DALMAN | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIM DYK | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH BAST | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SARAH BRIGGS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KETZI CHACON-ZYLSTRA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL COUSSENS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DON COWIE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN FORMSMA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TODD KLIPP | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA LEONARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TRINA LICHTENWALNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHANDRA MARTINEZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN MILLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LUKE PANNING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARILYN SCHMIDT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL TEN ELSHOF | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE USHER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE VANDERMEER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARCIA WESTRATE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOANNA NORRIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAY WALVOORD THRU 43025 | PRESIDENT & | 30.00 |
Officer
|
$22,917 | $0 | $22,917 |
| MICHAEL NAESS | PRESIDENT & | 40.00 |
Officer
|
$45,500 | $0 | $45,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,280,826 | $578,664 | $2,471,734 | $702,162 |
| 2024 | $585,302 | $490,041 | $1,743,594 | $95,261 |
| 2023 | $611,627 | $431,138 | $1,576,960 | $180,489 |
| 2022 | $416,191 | $393,560 | $1,425,723 | $22,631 |
| 2021 | $363,692 | $200,265 | $1,549,418 | $163,427 |
| 2020 | $387,429 | $327,498 | $1,160,279 | $59,931 |
| 2019 | $459,374 | $398,659 | $1,120,675 | $60,715 |
Compare HOLLAND SYMPHONY ORCHESTRA with other nonprofits in Michigan and across the country.