UTAH SYMPHONY & OPERA

EIN: 510145980 501(c)(3) Arts, Culture & Humanities

Salt Lake City, UT

Total Revenue
$26,184,966
Total Expenses
$27,556,044
Total Assets
$63,004,119
Net Assets
$58,447,033
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
UT
Phone
8015335626
Tax Period
2023-09-01 to 2024-08-31

UTAH SYMPHONY & OPERA, founded in 1975, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $26.2M in total revenue in fiscal year 2023. Net assets of $58.4M represent 27 months of operating reserves.

Mission

Mission - Connect the community through great live music. Vision - Perform, engage, inspire. The artistic leadership of the organization is committed to representing a broad range of musical styles, including traditional works, contemporary pieces, and new commissions to add to the canon of classical music. Community investment in Utah Symphony | Utah Opera strengthens our economy and enhances our quality of life. Utahns have long recognized that a person's quality of life rests, in part, on the community's commitment to the arts to inspire the human spirit and motivate the betterment of mankind. Over the years, Utah has experienced growth and prominence and continues to become established as a hub for business innovation and scientific research in the United States. Utah Symphony | Utah Opera stands as an influential cultural leader that is often cited by companies as an attraction for a successful and talented workforce to the region.

Program Service Accomplishments

Program 1
Expenses: $12,458,149 Revenue: $5,123,187

Code 711130 SYMPHONIC CONCERTS - Utah Symphony was founded during the Great Depression as a Works Progress Administration orchestra under Roosevelt's New Deal. Today, the Utah Symphony is the...

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Code 711130 SYMPHONIC CONCERTS - Utah Symphony was founded during the Great Depression as a Works Progress Administration orchestra under Roosevelt's New Deal. Today, the Utah Symphony is the premiere orchestra in the Intermountain West and one of only seventeen year-round orchestras in the nation. This ranking compares favorably to Utah's rank of 30th among states in population size. Over the past year, Utah Symphony presented 80 in-person concerts at Abravanel Hall and numerous concerts in communities throughout Utah, reaching approximately 115,000 audience members during the season. A variety of programs are offered featuring some of the industry's most illustrious artists in performance with the Utah Symphony in programs ranging from Classical Symphonies, to Jazz, to Pops. Please see utahsymphony.org for more information. The Utah Symphony | Utah Opera's Education Program benefits Utah's children and is one of the largest in the country, reached approximately 55,800 students and 2,400 teachers during the fiscal year. Through our education program offerings, each school district in Utah is visited every three to five years. The reach of this programming is far greater than performing arts organizations in other metropolitan areas. In addition to visits to schools, the programs provide opportunities for students to attend performances, rehearsals, master classes, and other great learning events. The community at large is engaged regularly through various Outreach Programs. We present an annual performance for children with special needs and their families reaching over 430 individuals each year, an annual performance for the blind and visually impaired reaching up to 80 members of that community. Other services coordinated by our Education and Outreach Department include a variety of free lectures, internships, on-line learning courses and teacher re-licensure programs. Utah Symphony | Utah Opera is engaged in valuable cooperative relationships with many other non-profit organizations that serve a variety of purposes, including The Road Home, Utah School Boards, Ballet West, and Madeleine Cathedral Choir School. It is also notable that, through a close relationship with the communities it serves, Utah Symphony | Utah Opera is able to reinvest into Utah's economy. The organization employs over 400 individuals each year. *An estimated 93% of Utah Symphony | Utah Opera expenses are fed directly back into the local economy. *Economic development professionals concur that a vibrant symphony and opera are important criteria in attracting new businesses and skilled professionals to Utah. *Source: Salt Lake County Cultural Facilities Master Plan, AMS Consultants, December 2008.

Program 2
Expenses: $5,331,344 Revenue: $868,739

Code 711110 OPERA PERFORMANCES - Utah Opera performs in Salt Lake City's Capitol Theatre, reaching an audience of over 21,000. Utah Opera offered 24 performances of four mainstage productions this...

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Code 711110 OPERA PERFORMANCES - Utah Opera performs in Salt Lake City's Capitol Theatre, reaching an audience of over 21,000. Utah Opera offered 24 performances of four mainstage productions this year. Utah Opera has a nationally-renowned costume shop, and features some of the top singers, directors, conductors, and designers from around the country. A Resident Artists program provides aspiring young singers an opportunity to refine their craft while performing secondary roles and singing in education and community outreach programs. Please see utahopera.org for more information. A prime example of the services we are able to render to the arts community is the value housed in the Utah Opera Production Studios. One of a kind facility, the Utah Opera Production Studios houses a team of artisans, designers, and skilled craftsmen who bring the art form of opera to life for Utah Opera and performing arts organizations around the world through its sets and costumes construction and rentals programs. The Utah Opera Production Studios bring the integration of all production activities of the Utah Symphony | Utah Opera to one resourceful location (Costume Shop & Rentals, Prop Studio, Scenic Shop & Scenic Studio, Set Storage, Assembly Bay, Rehearsal Hall) and allows the organization to utilize a business model which combines all aspects of both symphonic and operatic art forms. Production needs for performances at Abravanel Hall, the Capitol Theatre, and even the Deer Valley Music Festival can be designed and built with the resources found in this building. This has resulted in valuable cost savings and artistic synergy for the organization and the community.

Program 3
Expenses: $3,829,210 Revenue: $1,569,381

Code 711130 DEER VALLEY MUSIC FESTIVAL - Currently in its twentieth season, the Deer Valley Music Festival is the summer home of the Utah Symphony | Utah Opera, reaching an audience of nearly 23,000...

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Code 711130 DEER VALLEY MUSIC FESTIVAL - Currently in its twentieth season, the Deer Valley Music Festival is the summer home of the Utah Symphony | Utah Opera, reaching an audience of nearly 23,000 during the summer season. The festival provides chamber music, classical, family, and pops offerings in many venues: Deer Valley Snow Park Outdoor Amphitheater, St. Mary's Church, and salons in private Park City homes. Please see deervalleymusicfestival.org for more information.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,111,355
Program Service Revenue $7,678,204
Investment Income $3,186,187
Other Revenue $209,220
TOTAL REVENUE $26,184,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,789,565
Fundraising Expenses $1,288,498
Program Expenses $23,916,772
Other Expenses $8,742,479
TOTAL EXPENSES $27,556,044

Year-over-Year Comparison

2023 2022 Change
Revenue $26,184,966 $25,099,983 +0.0%
Expenses $27,556,044 $26,912,520 +0.0%
Net Income $-1,371,078 $-1,812,537 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
56
Independent Members
52
Employees
606
Volunteers
543

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
3
$766,850
Total Directors
56
$573,252
Key Employees
1
$285,709
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Brosvik President & CEO 60
Officer Director
$360,149 $41,474 $401,623
Madeline Adkins Concertmaster 40
Key Emp
$253,354 $32,355 $285,709
Steve Hogan VP of Finance & CFO 40
Officer
$153,903 $28,844 $182,747
David Green Senior VP & COO 40
Officer
$154,532 $27,948 $182,480
Kathryn Eberle Musician 40
Highest
$140,582 $16,363 $156,945
Hannah Thomas-Holland Musician & Orchestra Personnel Manager 40
Highest
$140,673 $12,648 $153,321
Jessica Elder Musician 40
Highest
$126,771 $23,002 $149,773
Zachary Hammond Musician 40
Highest
$126,033 $17,850 $143,883
Mercedes Smith Musician 40
Highest
$126,280 $10,992 $137,272
Claudia Restrepo Ex-officio, Musician 40
Director
$80,392 $12,466 $92,858
Barbara Scowcroft Ex-officio, Musician 40
Director
$61,100 $17,671 $78,771
Thomas M Love Immediate Past Chair 2
Director
$0 $0 $0
Brian Greeff Board Chair 4
Director
$0 $0 $0
Annette W Jarvis Vice Chair & Secretary, Governance Comm Chair 2
Director
$0 $0 $0
Stewart Barlow Trustee 1
Director
$0 $0 $0
Joanne F Shiebler Vice Chair 2
Director
$0 $0 $0
John D'Arcy Trustee, Audit Committee Chair 2
Director
$0 $0 $0
Judith M Billings Trustee 1
Director
$0 $0 $0
Larry Brownstein Trustee 1
Director
$0 $0 $0
Paul Burdiss Trustee 1
Director
$0 $0 $0
George Cardon Bystry Trustee 1
Director
$0 $0 $0
Gary L Crocker Trustee 1
Director
$0 $0 $0
David Dee Trustee 0.5
Director
$0 $0 $0
Barry Eden Trustee, Finance Committee Chair 2
Director
$0 $0 $0
Jason Englund Trustee 1
Director
$0 $0 $0
Luz Escamilla Trustee 1
Director
$0 $0 $0
Theresa Foxley Trustee 1
Director
$0 $0 $0
Brandon Fugal Trustee 1
Director
$0 $0 $0
Julie Aiken Hansen Trustee 1
Director
$0 $0 $0
Dan Hemmert Trustee, Government Relations Committee Chair 2
Director
$0 $0 $0
Dennis Hranitzky Trustee 1
Director
$0 $0 $0
Stephen Tanner Irish Trustee 1
Director
$0 $0 $0
Thomas N Jacobson Trustee 1
Director
$0 $0 $0
Abigail E Magrane Trustee 1
Director
$0 $0 $0
Judy Moreton Trustee 1
Director
$0 $0 $0
Dinesh Patel Trustee 1
Director
$0 $0 $0
Frank R Pignanelli Trustee 1
Director
$0 $0 $0
Gary B Porter Trustee 1
Director
$0 $0 $0
Shari H Quinney Trustee 1
Director
$0 $0 $0
Miguel R Rovira Trustee 1
Director
$0 $0 $0
Stan Sorensen Trustee 1
Director
$0 $0 $0
Clint Stone Trustee 0.25
Director
$0 $0 $0
Shane Stowell Trustee 3
Director
$0 $0 $0
Thomas Thatcher Trustee 1
Director
$0 $0 $0
James W Tozer Trustee 1.5
Director
$0 $0 $0
David Utrilla Trustee 1.5
Director
$0 $0 $0
Jean Vaniman Ex-officio Representative 1
Director
$0 $0 $0
Kelly Ward Trustee 0.5
Director
$0 $0 $0
Sharlene Wells Trustee 0.25
Director
$0 $0 $0
Don Willie Trustee 1
Director
$0 $0 $0
Kim R Wilson Trustee 1
Director
$0 $0 $0
Thomas Wright Trustee, Nominating Committee Chair 2
Director
$0 $0 $0
Henry C Wurts Trustee, Investment Committee Chair 1
Director
$0 $0 $0
Austin Bankhead Trustee 0
Director
$0 $0 $0
William Bailey Lifetime Trustee 0
Director
$0 $0 $0
Kem C Gardner Lifetime Trustee 2
Director
$0 $0 $0
Jon M Huntsman Jr Lifetime Trustee 0
Director
$0 $0 $0
G Frank Joklik Lifetime Trustee 1
Director
$0 $0 $0
David T Mortensen Lifetime Trustee 1
Director
$0 $0 $0
Scott S Parker Lifetime Trustee 0
Director
$0 $0 $0
David A Petersen Lifetime Trustee 1
Director
$0 $0 $0
Patricia A Richards Lifetime Trustee, Music Director Search Committee Chair 3
Director
$0 $0 $0
Harris Simmons Lifetime Trustee 0
Director
$0 $0 $0
David B Winder Lifetime Trustee 0.0
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 No data No data No data No data
2024 $26,184,966 $27,556,044 $63,004,119 $-1,371,078
2023 $25,099,983 $26,912,520 $59,399,593 $-1,812,537
2022 $24,774,076 $24,306,191 $59,593,434 $467,885
2021 $24,613,086 $17,639,245 $65,182,568 $6,973,841
2020 $18,844,281 $18,153,763 $49,887,309 $690,518
2019 $27,489,587 $23,321,569 $47,405,494 $4,168,018
2018 $22,040,436 $23,328,532 $45,797,546 $-1,288,096
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