ROANOKE SYMPHONY FOUNDATION

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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

1953

Legal Domicile

Principal Officer

DAVID CRANE

Phone

5403436221

Tax Period

2024-07-01 to 2025-06-30

ROANOKE SYMPHONY FOUNDATION, founded in 1953, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $67K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 28% operating margin.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS INVESTMENT OF ENDOWMENT CONTRIBUTIONS. EARNINGS FROM THE INVESTMENTS ARE USED TO SUPPORT THE ACTIVITIES OF THE ROANOKE SYMPHONY ORCHESTRA, AN AFFILIATED ORGANIZATION, WHOSE MAIN PURPOSE IS TO AFFORD CITIZENS OF THE ROANOKE VALLEY AND SURROUNDING COMMUNITIES OPPORTUNITIES FOR MUSICAL ENTERTAINMENT AND TO OFFER ASSISTANCE AND ENCOURAGEMENT TO AREA YOUTH STUDYING MUSIC.

Program Service Accomplishments

Program 1

Expenses: $47,772 Revenue: $66,783

INVEST & MAINTAIN ENDOWMENT CONTRIBUTIONS, THE EARNINGS FROM WHICH WERE USED TO SUPPORT THE ACTIVITIES OF THE ROANOKE SYMPHONY ORCHESTRA, AN AFFILIATED ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $66,783

Other Revenue $0

TOTAL REVENUE $66,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,772

Other Expenses $47,772

TOTAL EXPENSES $47,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,783	$88,394	-0.2%
Expenses	$47,772	$12,728	+2.8%
Net Income	$19,011	$75,666	-0.7%

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

$126,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID CRANE	Executive Dir.	Officer	$0	$1,166	$126,200
CHRIS HEAD	Director	Director	$0	$0	$0
JEANNE FISHWICK	Director	Director	$0	$0	$0
ELLIE HAMMER	Director	Director	$0	$0	$0
SANDRA SMITH	Director	Director	$0	$0	$0
MARY HELEN CHISHOLM	Director	Director	$0	$0	$0
SAMUEL OAKEY IV	Director	Director	$0	$0	$0
PAUL ECONOMY	Past President	Officer Director	$0	$0	$0
JIM HURT	Director	Director	$0	$0	$0
MONICA MONDAY	Vice President	Officer Director	$0	$0	$0
CHRIS VOGADO	Director	Director	$0	$0	$0
DR LEE LEARMAN	Director	Director	$0	$0	$0
MICHAEL MAXEY	President	Officer Director	$0	$0	$0
HELENE DREILING	Secretary	Officer Director	$0	$0	$0
RICHARD GARBEE	Treasurer	Officer Director	$0	$0	$0
SAM LIONBERGER	Director	Director	$0	$0	$0
BRENDA CHAPMAN	Director	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	$66,783	$47,772	$1,880,884	$19,011
2024	$88,394	$12,728	$1,717,661	$75,666
2023	$2,033	$19,889	$1,556,864	$-17,856
2022	$121,345	$23,196	$1,444,410	$98,149
2021	$31,150	$86,206	$1,673,139	$-55,056
2020	$40,389	$88,433	$1,437,822	$-48,044
2019	$43,314	$90,209	$1,479,254	$-46,895