AUSTIN SYMPHONY ORCHESTRA SOCIETY

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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

1957

Legal Domicile

Principal Officer

KIVEN LUKES

Phone

5074337890

Tax Period

2024-08-01 to 2025-07-31

AUSTIN SYMPHONY ORCHESTRA SOCIETY, founded in 1957, is a small nonprofit that reported $179K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $170K left a modest 5% surplus.

Mission

PROVIDE SYMPHONY CONCERTS FOR THE PUBLIC AND SUPPORT THE LOCAL MUSICCOMMUNITY

Program Service Accomplishments

Program 1

Expenses: $156,780

AUSTIN SYMPHONY ORCHESTRA NORMALLY PERFORMS SEVERAL SYMPHONY CONCERTS DURING THE SEASON AND PROVIDES SCHOLARSHIPS FOR MUSIC RELATED STUDY.

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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 $112,015

Program Service Revenue $46,372

Investment Income $20,598

Other Revenue $0

TOTAL REVENUE $178,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,063

Fundraising Expenses $0

Program Expenses $156,780

Other Expenses $117,852

TOTAL EXPENSES $169,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,985	$224,811	-0.2%
Expenses	$169,915	$185,056	-0.1%
Net Income	$9,070	$39,755	-0.8%

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

$5,385

Total Directors

$20,777

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP BURKHART	Director	6.00	Director	$10,500	$0	$10,500
PAUL WAHLSTROM	TREASURER	4.00	Officer Director	$5,385	$0	$5,385
LAURA LARSON	Director	4.00	Director	$4,892	$0	$4,892
STEVE BARRETT	Director	1.00	Director	$0	$0	$0
RON SCHULTZ	Director	1.00	Director	$0	$0	$0
JUDITH BJORNDAL	Director	1.00	Director	$0	$0	$0
CASSIE GUY	Director	1.00	Director	$0	$0	$0
MIGUEL GARATE	Director	1.00	Director	$0	$0	$0
TERRY DORSEY	Director	1.00	Director	$0	$0	$0
SUE GROVE	Director	1.00	Director	$0	$0	$0
DANIELLE HEINY	Director	1.00	Director	$0	$0	$0
JIM HERRICK	Vice President	2.00	Officer Director	$0	$0	$0
SONIA LARSON	Director	1.00	Director	$0	$0	$0
BRANDON LAWHEAD	Director	1.00	Director	$0	$0	$0
KIVEN LUKES	Co-President	2.00	Officer Director	$0	$0	$0
SUE RADLOFF	Director	1.00	Director	$0	$0	$0
TIM RIETZ	Director	1.00	Director	$0	$0	$0
MAHLON SCHNEIDER	Director	1.00	Director	$0	$0	$0
LORENE STROBEL	Director	1.00	Director	$0	$0	$0
RICK YOUNG	Secretary	1.00	Officer 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	$178,985	$169,915	$266,510	$9,070
2024	$224,811	$185,056	$250,397	$39,755
2024	$224,811	$185,056	$250,397	$39,755
2023	$161,418	$188,649	$195,986	$-27,231
2022	$158,924	$158,864	$224,304	$60
2021	$125,454	$146,818	$256,530	$-21,364
2020	$172,680	$98,496	$260,090	$74,184
2019	$128,592	$142,263	$179,125	$-13,671