Springfield 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

Phone

4178646683

Tax Period

2024-07-01 to 2025-06-30

Springfield Symphony Association is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $3.6M represent 33 months of operating reserves.

Mission

To promote and present the Springfield Symphony Orchestra.

Program Service Accomplishments

Program 1

Expenses: $1,048,159 Revenue: $487,511

Presentation of symphony concert performances throughout the year.Revenue recognized by the Symphony during FY2025 is as follows: Ticket sales $ 396,544 Program advertising 5,450 Contract...

Presentation of symphony concert performances throughout the year.Revenue recognized by the Symphony during FY2025 is as follows: Ticket sales $ 396,544 Program advertising 5,450 Contract performances 85,517 Total $ 487,511

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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 $569,905

Program Service Revenue $487,511

Investment Income $101,859

Other Revenue $160,868

TOTAL REVENUE $1,320,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $595,350

Fundraising Expenses $81,940

Program Expenses $1,048,159

Other Expenses $833,032

TOTAL EXPENSES $1,428,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,320,143	$1,468,032	-0.1%
Expenses	$1,428,382	$1,254,551	+0.1%
Net Income	$-108,239	$213,481	-1.5%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Cotner Jones	Executive Director	40.00		$83,912	$12,049	$95,961
Raylene Appleby	Director	0.00	Director	$0	$0	$0
Carrie Allwardt	Director	0.00	Director	$0	$0	$0
Daniel Wooten	Director	0.00	Director	$0	$0	$0
David Cook	Director	0.00	Director	$0	$0	$0
David Hays	Director	0.00	Director	$0	$0	$0
Denise Baumann	Director	0.00	Director	$0	$0	$0
Sam Coryell	Director	0.00	Director	$0	$0	$0
Leaster Gibson	Director	0.00	Director	$0	$0	$0
Barry Armstrong	Director	0.00	Director	$0	$0	$0
Loretta Knutson	Secretary	0.00	Officer Director	$0	$0	$0
Lynn Dvorak	Director	0.00	Director	$0	$0	$0
Michael Stine	Director	0.00	Director	$0	$0	$0
Starla Blair	Director	0.00	Director	$0	$0	$0
Krisi Causa	Director	0.00	Director	$0	$0	$0
Irwin Cohen	Director	0.00	Director	$0	$0	$0
Randy Mayes	Director	0.00	Director	$0	$0	$0
Scott Meier	Director	0.00	Director	$0	$0	$0
Rebecca Hogan	Director	0.00	Director	$0	$0	$0
Tom Tobin	Director	0.00	Director	$0	$0	$0
Suzanne Harlamert	Director	0.00	Director	$0	$0	$0
Katie Hopkins	Director	0.00	Director	$0	$0	$0
Ryan Hurr	Director	0.00	Director	$0	$0	$0
Gregory Beck	President	0.00	Officer Director	$0	$0	$0
Amy Lauro	Director	0.00	Director	$0	$0	$0
Thom Lundberg	Director	0.00	Director	$0	$0	$0
Alec Palen	Director	0.00	Director	$0	$0	$0
Jay Sandidge	Treasurer	0.00	Officer Director	$0	$0	$0
Alaina Shaffer	Director	0.00	Director	$0	$0	$0
Tom O'neal	Vice President	0.00	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	$1,320,143	$1,428,382	$3,772,069	$-108,239
2024	$1,468,032	$1,254,551	$3,634,102	$213,481
2023	$971,982	$1,023,927	$3,146,420	$-51,945
2022	$972,022	$941,414	$2,913,954	$30,608
2021	$886,121	$798,237	$3,794,120	$87,884
2019	$1,428,756	$869,961	$3,308,759	$558,795