The Saint Paul Chamber Orchestra S… - 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

1958

Legal Domicile

Principal Officer

Jessica Mallow Gulley

Phone

6512923248

Tax Period

2024-07-01 to 2025-06-30

The Saint Paul Chamber Orchestra Society, founded in 1958, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.9M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 29% operating margin.

Mission

To enrich the Twin Cities community by sharing distinctive and engaging chamber orchestra performances. We are committed to inclusivity and strive to provide all people in our community with opportunities to connect with our music.

Program Service Accomplishments

Program 1

Expenses: $8,318,599 Revenue: $1,880,677

Organization Summary:Founded in 1959, the Grammy Award-winning Saint Paul Chamber Orchestra (SPCO) is renowned for its artistic excellence, remarkable versatility of musical styles and adventurous...

Organization Summary:Founded in 1959, the Grammy Award-winning Saint Paul Chamber Orchestra (SPCO) is renowned for its artistic excellence, remarkable versatility of musical styles and adventurous programming. SPCO concerts are primarily musician-led and include a broad range of repertoire, from Baroque works to new music, in close collaboration with a dynamic roster of internationally acclaimed Artistic Partners. Through a distinctive musician-led artistic model, SPCO musicians lead and develop the orchestra's programming, determine members and choose artistic collaborators. (Continued on Sch. O)

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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 $10,365,922

Program Service Revenue $1,880,677

Investment Income $3,663,608

Other Revenue $-5,820

TOTAL REVENUE $15,904,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,619,752

Fundraising Expenses $1,201,196

Program Expenses $8,318,599

Other Expenses $3,665,347

TOTAL EXPENSES $11,285,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,904,387	$10,541,586	+0.5%
Expenses	$11,285,099	$10,694,570	+0.1%
Net Income	$4,619,288	$-152,984	-31.2%

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

241

Volunteers

250

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

$491,488

Total Directors

$715,655

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Limbacher	President & Managing Director	40.00	Officer Director	$284,121	$44,346	$328,467
Steven Copes	Musician	30.00	Highest	$214,656	$46,383	$261,039
Kyu-Young Kim	Musician	30.00	Highest	$247,436	$8,787	$256,223
Julie Albers	Musician	30.00	Highest	$145,992	$41,269	$187,261
Elizabeth Olson	Chief Financial Officer	40.00	Officer	$134,266	$28,755	$163,021
Cassie Pilgrim	Musician	30.00	Highest	$133,107	$16,452	$149,559
Jennifer Muenchow	Chief People Officer	40.00	Highest	$126,392	$18,562	$144,954
Andrew Brady AVC rep	Ex-Officio Director/Musician	30.00	Director	$124,056	$20,321	$144,377
Matthew Wilson	Ex-Officio Director/Musician	30.00	Director	$95,681	$33,039	$128,720
Nina Fan OC rep	Ex-Officio Director/Musician	30.00	Director	$95,215	$18,876	$114,091
Ann Huntrods-Board Chair Elect	(Until 12/2024)/Chair (Beg 12/2024)	1.00	Officer Director	$0	$0	$0
Deborah Palmer-Chair Until	12/2024)/Director (Beg 12/2024)	1.00	Officer Director	$0	$0	$0
Justin Windschitl-Director	(Until 12/24)/Treasurer (Beg 12/24)	1.00	Officer Director	$0	$0	$0
David Rosedahl	Treasurer (Until 12/2024)	1.00	Officer Director	$0	$0	$0
Randy Kroll-Director Until	12/2024)/Secretary (Beg 12/2024)	1.00	Officer Director	$0	$0	$0
Elizabeth Willis-Secretary	(Until 12/24)/Director (Beg 12/24)	1.00	Officer Director	$0	$0	$0
AJ Huss Jr	Chair Emeritus, Ex-Officio	1.00	Officer Director	$0	$0	$0
Doug Affinito	Director	1.00	Director	$0	$0	$0
Catherine Allan	Director	1.00	Director	$0	$0	$0
Nina Archabal	Director	1.00	Director	$0	$0	$0
Dan Avchen	Director	1.00	Director	$0	$0	$0
Jo Bailey	Director	1.00	Director	$0	$0	$0
Inez Bergquist	Ex-Officio Director	1.00	Director	$0	$0	$0
Theresa Bevilacqua	Director	1.00	Director	$0	$0	$0
Arnie Brier	Director	1.00	Director	$0	$0	$0
Chris Brown	Director	1.00	Director	$0	$0	$0
Anne Cheney	Director	1.00	Director	$0	$0	$0
Becky Debertin	Director	1.00	Director	$0	$0	$0
Louis Epstein	Director	1.00	Director	$0	$0	$0
Victor de Meireles	Director	1.00	Director	$0	$0	$0
Jason Max Ferdinand	Director	1.00	Director	$0	$0	$0
Judith Garcia Galiana	Director	1.00	Director	$0	$0	$0
Keith Halperin	Director	1.00	Director	$0	$0	$0
Jim Johnson	Director	1.00	Director	$0	$0	$0
Arthur Klebanov	Director	1.00	Director	$0	$0	$0
Craig Lemming	Director	1.00	Director	$0	$0	$0
Peg Lindlof GM ex officio	Ex-Officio Director	1.00	Director	$0	$0	$0
Steve Mahle	Director	1.00	Director	$0	$0	$0
Rob Mairs	Director	1.00	Director	$0	$0	$0
Dave Moore	Director	1.00	Director	$0	$0	$0
Bondo Nyembwe	Director	1.00	Director	$0	$0	$0
Bob Olafson	Director	1.00	Director	$0	$0	$0
Peter Remes	Director	1.00	Director	$0	$0	$0
John Riehle GM ex officio	Ex-Officio Director	1.00	Director	$0	$0	$0
Ann Rogotzke	Director	1.00	Director	$0	$0	$0
Jack Rossmann	Director	1.00	Director	$0	$0	$0
Kathy Schubert	Director	1.00	Director	$0	$0	$0
Andrew Selden	Director	1.00	Director	$0	$0	$0
Joe Tashjian	Director	1.00	Director	$0	$0	$0
Paul Vargo	Director	1.00	Director	$0	$0	$0
Linda Foreman	Director (Beg 11/2024)	1.00	Director	$0	$0	$0
Donna Petersen	Director (Beg 05/2025)	1.00	Director	$0	$0	$0
Lori Sommerfield	Director (Beg 11/24)	1.00	Director	$0	$0	$0
Sheldon Damberg	Director (Until 12/2024)	1.00	Director	$0	$0	$0
Bonnie Grzeskowiak	Director (Until 12/2024)	1.00	Director	$0	$0	$0
Bob Lee	Director (Until 09/2024)	1.00	Director	$0	$0	$0
Marja Lutsep	Director (Until 12/2024)	1.00	Director	$0	$0	$0
James Smith	Director (Until 05/25)	1.00	Director	$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	$15,904,387	$11,285,099	$74,504,984	$4,619,288
2024	$10,541,586	$10,694,570	$65,176,221	$-152,984
2023	$10,053,155	$10,844,500	$60,907,293	$-791,345
2022	$22,202,532	$9,825,686	$57,703,244	$12,376,846
2021	$17,751,909	$8,366,072	$60,931,011	$9,385,837
2020	$9,568,873	$9,940,954	$47,888,026	$-372,081
2019	$10,053,137	$11,185,907	$49,648,776	$-1,132,770
2018	$11,502,557	$10,727,228	$49,719,905	$775,329

The Saint Paul Chamber Orchestra Society