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 Vulnerability Assessment (Tuckman-Chang)

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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

Connect the community through great live music. To perform. To engage. To inspire. We do this by serving the people of our state and beyond as the region's premier provider of orchestral and operatic music. Our orchestral performances span the traditions of the past, as well as present works by contemporary composers. We offer opera productions that showcase emerging and established artists, celebrate traditional opera, and champion the American operatic tradition. Each summer in Park City we present a variety of musical experiences at our Deer Valley Music Festival. We lead in arts education and promote life-long learning through the arts. We serve as a catalyst for innovation, advocacy, and impact in our state. We truly believe that providing our neighbors, children, friends, and others in our state with high-caliber, live music experiences help to make Utah a great place to live.

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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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Liquidity & Cash Position

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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
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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