FLORIDA LAKES SYMPHONY ORCHESTRA INC (EIN 463534077) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

AUDREY SANDERS

Phone

3523430733

Tax Period

2022-01-01 to 2022-12-31

FLORIDA LAKES SYMPHONY ORCHESTRA INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $77K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $103K exceeded revenue, resulting in a 35% operating deficit.

Mission

PROMOTE SYMPHONY MUSIC EDUCATION TO THE RESIDENTS OF LAKE COUNTY, FLORIDA THROUGH CONCERTS AND YOUTH MUSIC COMPETITIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $45,364

Program Service Revenue $30,394

Investment Income $1

Other Revenue $1,000

TOTAL REVENUE $76,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,000

Fundraising Expenses $5,413

Program Expenses $91,922

Other Expenses $94,271

TOTAL EXPENSES $103,271

Year-over-Year Comparison

	2022	2021	Change
Revenue	$76,759	$69,049	+0.1%
Expenses	$103,271	$67,529	+0.5%
Net Income	$-26,512	$1,520	-18.4%

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

N/A

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

$14,950

Total Directors

$14,950

Key Employees

$9,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUDREY SANDERS	PRESIDENT	20	Officer Director Key Emp	$9,000	$0	$9,000
KONSTANTIN DIMITROV	VICE-PRESIDENT	1	Officer Director	$5,950	$0	$5,950
MARY JO CHENOWETH	TREASURER	1	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
2022	$76,759	$103,271	$-848	$-26,512
2021	$69,049	$67,529	$25,664	$1,520
2020	$51,911	$75,796	$29,144	$-23,885

FLORIDA LAKES SYMPHONY ORCHESTRA INC