LAKE WASHINGTON SYMPHONY ORCHE

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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

Principal Officer

MARY KANTOR

Tax Period

2023-07-01 to 2024-06-30

LAKE WASHINGTON SYMPHONY ORCHE is a small nonprofit in the Arts, Culture & Humanities sector that reported $254K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $507K exceeded revenue, resulting in a 100% operating deficit.

Mission

THE LAKE WASHINGTON SYMPHONY ORCHESTRA SEEKS TO INTEGRATE LIVE PROFESSIONAL SYMPHONIC MUSIC INTO THE LAKE WASHINGTON COMMUNITIES AND BEYOND. OUR GOAL IS TO PERFORM FIVE OR SIX CONCERTS PER YEAR.

Program Service Accomplishments

Program 1

Expenses: $477,271 Revenue: $20,004

Held 21 concerts and public rehearsals. Attendance at all events was

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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 $172,550

Program Service Revenue $20,004

Investment Income $61,340

Other Revenue $0

TOTAL REVENUE $253,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,127

Fundraising Expenses $0

Program Expenses $477,271

Other Expenses $163,658

TOTAL EXPENSES $506,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,894	$171,957	+0.5%
Expenses	$506,785	$295,875	+0.7%
Net Income	$-252,891	$-123,918	+1.0%

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

111

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

$38,560

Total Directors

$41,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY KANTOR	PRESIDENT	10	Officer Director	$5,000	$0	$5,000
MARTHA GARRETT	VICE PRESIDENT	10	Officer Director	$1,985	$0	$1,985
CAROLYN WYMAN	SECRETARY	10	Officer Director	$1,760	$0	$1,760
ELAINE WALTERS	TREASURER	10	Officer Director	$10,752	$0	$10,752
DEB MCCLELLAN	MUSIC LIBRARY	10	Officer Director	$5,063	$0	$5,063
NEIL BACON	BOARD	10	Director	$2,450	$0	$2,450
STEPHEN ROSE	MKT CONSULT	10	Officer Director	$14,000	$0	$14,000
MERLE HARRIS	RETIRED TREA	5	Director	$530	$0	$530

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	$253,894	$506,785	$562,902	$-252,891
2023	$171,957	$295,875	$832,948	$-123,918
2021	$68,154	$95,913	$1,113,456	$-27,759
2020	$1,113,569	$62,273	$1,040,266	$1,051,296