NEW ALBANY SYMPHONY ORCHESTRA INC

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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

2007

Legal Domicile

Phone

6143231237

Tax Period

2024-09-01 to 2025-08-31

NEW ALBANY SYMPHONY ORCHESTRA INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $536K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

NEW ALBANY SYMPHONY ORCHESTRA, INC. (NASO) IS A COMMUNITY ORCHESTRA BRINGING PROFESSIONAL, ADULT, AMATEUR, AND STUDENT MUSICIANS TOGETHER FOR A CONCERT SERIES AT THE MCCOY COMMUNITY CENTER FOR THE ARTS IN NEW ALBANY, OHIO. NASO ALSO PROVIDES EDUCATIONAL OUTREACH FOR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $435,000

NASO'S PRIMARY SERVICE AREA IS THE PERFORMANCE OF ORCHESTRAL WORKS IN A COMMUNITY SETTING.

Program 2

Expenses: $15,250

GRANTS PROVIDED TO ASSIST COMMUNITY MUSICIANS.

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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 $283,355

Program Service Revenue $247,333

Investment Income $5,012

Other Revenue $0

TOTAL REVENUE $535,700

Expense Breakdown

Grants Paid $15,250

Salaries & Benefits $195,996

Fundraising Expenses $1,860

Program Expenses $484,916

Other Expenses $313,723

TOTAL EXPENSES $524,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$535,700	$592,608	-0.1%
Expenses	$524,969	$533,999	0.0%
Net Income	$10,731	$58,609	-0.8%

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
HEATHER GARNER	PRESIDENT	40.00	Officer Director	$0	$0	$0
ANN SPROULE	EXECUTIVE VP	30.00	Officer Director	$0	$0	$0
RICH MCMUNN	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA BROWN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN GARNER	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY RAMM	TRUSTEE	1.00	Director	$0	$0	$0
DISHA PATEL	TRUSTEE	1.00	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	$535,700	$524,969	$819,962	$10,731
2025	$535,700	$524,969	$819,962	$10,731
2024	$592,608	$533,999	$754,338	$58,609
2023	$604,847	$481,983	$620,397	$122,864
2022	$518,281	$334,217	$408,844	$184,064
2021	$319,261	$251,900	$253,628	$67,361
2020	$210,959	$202,101	$189,260	$8,858
2019	$294,183	$285,104	$142,129	$9,079
2018	$279,604	$270,642	$161,101	$8,962