HOLLAND SYMPHONY ORCHESTRA

EIN: 382953082 501(c)(3) Arts, Culture & Humanities

HOLLAND, MI

Total Revenue
$1,280,826
Total Expenses
$578,664
Total Assets
$2,471,734
Net Assets
$2,396,764
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MI
Principal Officer
TIM DYK
Phone
6167966780
Tax Period
2024-05-01 to 2025-04-30

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.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $985,996
Program Service Revenue $162,524
Investment Income $129,164
Other Revenue $3,142
TOTAL REVENUE $1,280,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,404
Fundraising Expenses $59,189
Program Expenses $430,652
Other Expenses $489,260
TOTAL EXPENSES $578,664

Year-over-Year Comparison

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%
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
22
Independent Members
22
Employees
2
Volunteers
68

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
6
$68,417
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
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