SAGINAW SYMPHONY ASSOCIATION

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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

1935

Legal Domicile

Principal Officer

Cameron Massey

Phone

9897556471

Tax Period

2023-07-01 to 2024-06-30

SAGINAW SYMPHONY ASSOCIATION, founded in 1935, is a small nonprofit in the Arts, Culture & Humanities sector that reported $461K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $527K exceeded revenue, resulting in a 14% operating deficit.

Mission

Creating magical and memorable experiences through the power of symphonic music. Our Orchestra performs five live concerts per season at the Temple Theatre in downtown Saginaw.

Program Service Accomplishments

Program 1

Expenses: $395,167 Revenue: $129,601

Our Orchestra performs five live concerts per season at the Temple Theatre in downtown Saginaw.

Program 2

Expenses: $23,892 Revenue: $14,813

Further development and education of young musicians through the Saginaw Bay Youth Orchestra.

Program 3

Expenses: $11,768 Revenue: $0

The Orchestra performed at the 2024 CHL Memorial Cup's Opening Ceremonies with local vocalist, Todd Michael Hall, a service which the Saginaw Symphony Association provided pro bono, and with pride.

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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 (2023)

Revenue Breakdown

Contributions & Grants $224,511

Program Service Revenue $147,501

Investment Income $84,706

Other Revenue $4,500

TOTAL REVENUE $461,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,290

Fundraising Expenses $0

Program Expenses $430,827

Other Expenses $412,135

TOTAL EXPENSES $527,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,218	$403,324	+0.1%
Expenses	$527,425	$452,533	+0.2%
Net Income	$-66,207	$-49,209	+0.3%

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

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

Total Directors

Key Employees

$64,288

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cameron Massey	Executive Director	40	Key Emp	$51,002	$0	$51,002
David Rupp	Financial Manager	20	Key Emp	$13,286	$0	$13,286
Donald Carlyon	Director	1	Director	$0	$0	$0
Michael Elliott	Director	1	Director	$0	$0	$0
Andrea Fischer	Director-at-Large	1	Director	$0	$0	$0
Deborah Huntley	Past President	1	Director	$0	$0	$0
Floyd Kloc	Director	1	Director	$0	$0	$0
John Markey	Director	1	Director	$0	$0	$0
Amy Spadafore	Director	1	Director	$0	$0	$0
Andreas Teich	Director	1	Director	$0	$0	$0
Samuel Tilmon	Director	1	Director	$0	$0	$0
Michael Goad	Director	1	Director	$0	$0	$0
Claudia Zacharek	President	1.00	Officer	$0	$0	$0
Paul Chaffee	Vice President	1	Officer	$0	$0	$0
Norman Wika	Secretary/Treasurer	1	Officer	$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	$461,218	$527,425	$1,055,591	$-66,207
2023	$403,324	$452,533	$1,108,288	$-49,209
2022	$543,846	$512,732	$1,043,522	$31,114
2021	$322,895	$314,848	$1,128,912	$8,047
2020	$399,658	$409,976	$1,013,396	$-10,318
2019	$508,778	$490,559	$1,043,725	$18,219