LANSING SYMPHONY ASSOCIATION (EIN 386072025) - 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

1929

Legal Domicile

Principal Officer

COURTNEY MILLBROOK

Phone

5174875001

Tax Period

2024-07-01 to 2025-06-30

LANSING SYMPHONY ASSOCIATION, founded in 1929, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $738K, a strong 32% operating margin.

Mission

TO PROMOTE, FOSTER, AND MAINTAIN THE INTEREST OF THE PEOPLE IN MUSIC THROUGH CONCERTS AND EDUCATIONAL PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,624,526

Program Service Revenue $507,319

Investment Income $43,447

Other Revenue $124,315

TOTAL REVENUE $2,299,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $918,383

Fundraising Expenses $141,123

Program Expenses $830,621

Other Expenses $642,873

TOTAL EXPENSES $1,561,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,299,607	$1,518,289	+0.5%
Expenses	$1,561,256	$1,462,984	+0.1%
Net Income	$738,351	$55,305	+12.4%

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

Governance

Voting Members

Independent Members

Employees

228

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

$115,799

Total Directors

$3,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE THORNTON	PRESIDENT / EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
TOM HOFMAN	PRESIDENT-ELECT / EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
DARCY KERR	IMMEDIATE PAST PRESIDENT / EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
KARLIS AUSTRINS	TREASURER / EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
RANDY RASCH	SECRETARY / EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
RYAN OPEL	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
KEVIN RORAGEN	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
JAKE PRZYBYLA	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
JENNY BOND	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE CALTRIDER	DIRECTOR	1.00	Director	$0	$0	$0
KRIS DRAKE	DIRECTOR	1.00	Director	$0	$0	$0
JIM ENGELKES	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY THEUER	DIRECTOR	1.00	Director	$0	$0	$0
NANCY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LOOSE	DIRECTOR	1.00	Director	$0	$0	$0
RENEE ROTH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JANE VIETH	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE PAISLEY	DIRECTOR	1.00	Director	$0	$0	$0
BOB THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY VERBLE	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
RUTH ANN BRUNET	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI KAISER	DIRECTOR	1.00	Director	$0	$0	$0
ELINORE MORIN	DIRECTOR	1.00	Director	$3,910	$0	$3,910
COURTNEY NICHOLLS	DIRECTOR	1.00	Director	$0	$0	$0
SIMON VERGHESE	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY MILLBROOK	EXECUTIVE DIRECTOR	40.00	Officer	$97,273	$18,526	$115,799
TIMOTHY MUFFITT	CONDUCTOR/MUSIC DIRECTOR	40.00	Highest	$100,986	$22,307	$123,293

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	$2,299,607	$1,561,256	$2,297,788	$738,351
2024	$1,518,289	$1,462,984	$1,530,003	$55,305
2023	$1,312,808	$1,326,633	$1,414,818	$-13,825
2022	$2,016,717	$1,215,609	$1,366,657	$801,108
2021	$889,274	$744,611	$773,535	$144,663
2020	$1,202,139	$1,252,898	$433,572	$-50,759
2019	$1,180,946	$1,253,290	$408,351	$-72,344
2018	$1,245,488	$1,218,557	$221,551	$26,931

LANSING SYMPHONY ASSOCIATION