WATERLOO-CEDAR FALLS SYMPHONY ORCHESTRA ASSOCIATION

EIN: 420766745 501(c)(3)

CEDAR FALLS, IA

Total Revenue
$632,691
Total Expenses
$700,070
Total Assets
$770,833
Net Assets
$766,094
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
IA
Principal Officer
RUSSELL CURTIS
Phone
3192733373
Tax Period
2024-07-01 to 2025-06-30

WATERLOO-CEDAR FALLS SYMPHONY ORCHESTRA ASSOCIATION, founded in 1969, is a small nonprofit that reported $633K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $700K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SHARE LIVE MUSIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $467,987
Program Service Revenue $125,185
Investment Income $39,519
Other Revenue $0
TOTAL REVENUE $632,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $457,831
Fundraising Expenses $58,450
Program Expenses $309,812
Other Expenses $242,239
TOTAL EXPENSES $700,070

Year-over-Year Comparison

2024 2023 Change
Revenue $632,691 $697,103 -0.1%
Expenses $700,070 $800,332 -0.1%
Net Income $-67,379 $-103,229 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
10
Volunteers
50

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
7
$71,509
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORDAN BANCROFT EXECUTIVE DIRECTOR 40.00
Officer
$59,089 $12,420 $71,509
CHRIS HOFFMAN PRESIDENT 10.00
Officer Director
$0 $0 $0
MARTHA KROESE PAST PRESIDENT 3.00
Officer Director
$0 $0 $0
STEPHANIE CLOHESY PRESIDENT ELECT 2.00
Officer Director
$0 $0 $0
RUSSELL CURTIS TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT PETERS SECRETARY 2.00
Officer Director
$0 $0 $0
EJ GALLAGHER III DIRECTOR 2.00
Officer Director
$0 $0 $0
LEE NICHOLAS DIRECTOR 0.50
Director
$0 $0 $0
DR JOHN BERRY DIRECTOR 0.50
Director
$0 $0 $0
DR ANGELEITA FLOYD DIRECTOR 0.50
Director
$0 $0 $0
CARL HARTSON DIRECTOR 0.50
Director
$0 $0 $0
KRISTINA KOFOOT DIRECTOR 1.00
Director
$0 $0 $0
ALEXIS KRAAYENBRINK DIRECTOR 1.00
Director
$0 $0 $0
GARY KROEGER DIRECTOR 0.50
Director
$0 $0 $0
MATT GLASCOCK DIRECTOR 0.50
Director
$0 $0 $0
EMILY SWARTLEY DIRECTOR 1.00
Director
$0 $0 $0
MIRIAM TYSON DIRECTOR 1.00
Director
$0 $0 $0
LUKE ZAHARI DIRECTOR 0.50
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 $632,691 $700,070 $770,833 $-67,379
2024 $697,103 $800,332 $824,903 $-103,229
2023 $472,516 $718,157 $906,445 $-245,641
2022 $918,788 $607,486 $1,117,340 $311,302
2021 $469,458 $337,990 $851,951 $131,468
Explore More Nonprofits
→Top 100 Nonprofits in Iowa →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WATERLOO-CEDAR FALLS SYMPHONY ORCHESTRA ASSOCIATION with other nonprofits in Iowa and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.