RICHMOND SYMPHONY ORCHESTRA LEAGUE… - Form 990 Financial Data

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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

1958

Legal Domicile

Principal Officer

ANN T BURKS

Phone

8042880670

Tax Period

2017-07-01 to 2018-06-30

RICHMOND SYMPHONY ORCHESTRA LEAGUE INC, founded in 1958, is a micro nonprofit that reported $65K in total revenue in fiscal year 2017. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $116K exceeded revenue, resulting in a 78% operating deficit.

Mission

THE RICHMOND SYMPHONY ORCHESTRA LEAGUE WILL CULTIVATE A DEDICATED VOLUNTEER MEMBER BASE THAT SUPPORTS THE RICHMOND SYMPHONY THROUGH FUND RAISING, EDUCATION AND COMMUNITY INVOLVEMENT

Program Service Accomplishments

Program 1

Expenses: $97,675

CONTRIBUTIONS TO THE RICHMOND SYMPHONY ORCHESTRA TO PROMOTE AND ENHANCE THE CULTURAL AND EDUCATIONAL ACTIVITIES OF THE ORGANIZATION.

Program 2

Expenses: $2,500

YOUNG PERFORMERS PROGRAM WHICH SHOWCASED THE RICHMOND SYMPHONY ORCHESTRA TO ELEMENTARY SCHOOL STUDENTS AND TO WHICH APPROXIMATELY 7,700 CHILDREN ATTENDED.

Program 3

Expenses: $1,270

ASSISTING THE MUSICIANS OF THE RICHMOND SYMPHONY ORCHESTRA REFINE THEIR CRAFT. FOUR SCHOLARSHIPS WERE AWARDED TO THREE MUSICIANS TO PURSUE TRAINING OR ATTEND CONFERENCES THAT WILL ENHANCE THEIR SKILLS

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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 (2017)

Revenue Breakdown

Contributions & Grants $26,315

Program Service Revenue $0

Investment Income $624

Other Revenue $37,852

TOTAL REVENUE $64,791

Expense Breakdown

Grants Paid $101,345

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,445

Other Expenses $14,214

TOTAL EXPENSES $115,559

Year-over-Year Comparison

	2017	2016	Change
Revenue	$64,791	$176,594	-0.6%
Expenses	$115,559	$125,475	-0.1%
Net Income	$-50,768	$51,119	-2.0%

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

N/A

Volunteers

270

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
SUSAN R THOMAS	Director	1.00	Director	$0	$0	$0
JOYCE MAINES	Director	1.00	Director	$0	$0	$0
JOHN CHARLES KING	VP EDUCATION	2.00	Officer Director	$0	$0	$0
SUSAN S WILLIAMS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ALISON ECKIS	VP HOSPITALITY	1.00	Officer Director	$0	$0	$0
STEPHANIE BIGGS	VP MEMBERSHIP	2.00	Officer Director	$0	$0	$0
CHRISTINE LANDIS	CORRESPOND SECY	1.00	Officer Director	$0	$0	$0
JULIE BRANTLEY	Director	1.00	Officer Director	$0	$0	$0
KAREN CATLETT	RECORDING SECY	3.00	Officer Director	$0	$0	$0
JUDITH GREEN	VP WAYS & MEANS	1.00	Officer Director	$0	$0	$0
HUGH CATLETT	Director	2.00	Director	$0	$0	$0
MATTHEW C WILLIAMS	Director	1.00	Director	$0	$0	$0
ANN T BURKS	President	15.00	Officer Director	$0	$0	$0
FAYE W HOLLAND	Director	1.00	Director	$0	$0	$0
WENDY SYDNOR	Director	1.00	Director	$0	$0	$0
DAVID BERRY	Treasurer	3.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2018	$64,791	$115,559	$152,521	$-50,768

RICHMOND SYMPHONY ORCHESTRA LEAGUE INC