CHARLOTTESVILLE SYMPHONY SOCIETY

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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

1974

Legal Domicile

Principal Officer

JANET B KALTENBACH

Phone

4349243139

Tax Period

2023-07-01 to 2024-06-30

CHARLOTTESVILLE SYMPHONY SOCIETY, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $886K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 33% operating deficit.

Mission

The Charlottesville Symphony Society champions the Charlottesville Symphony at the University of Virginia through exceptional symphonic experiences, enriching educational offerings and creative partnerships that bring diverse people together.

Program Service Accomplishments

Program 1

Expenses: $609,530 Revenue: $217,176

10 PUBLIC CONCERTS OF SYMPHONIC MUSIC PERFORMED BETWEEN SEPTEMBER AND APRIL. PARTICIPATING MUSICIANS: 211 TOTAL ATTENDANCE: 7,713

Program 2

Expenses: $28,587 Revenue: $41,922

2 FAMILY CONCERTS OF SYMPHONIC AND CHORAL MUSIC FOR THE DECEMBER HOLIDAY SEASON. PARTICIPATING MUSICIANS: 172 TOTAL ATTENDANCE: 1,602

Program 3

Expenses: $15,111 Revenue: $15,560

1 PUBLIC RUN-OUT CONCERT IN TYSONS, VIRGINIA PARTICIPATING MUSICIANS: 67 TOTAL AUDIENCE: 257

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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 (2023)

Revenue Breakdown

Contributions & Grants $532,535

Program Service Revenue $328,278

Investment Income $0

Other Revenue $25,066

TOTAL REVENUE $885,879

Expense Breakdown

Grants Paid $7,650

Salaries & Benefits $871,855

Fundraising Expenses $122,054

Program Expenses $906,949

Other Expenses $301,175

TOTAL EXPENSES $1,180,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$885,879	$870,305	+0.0%
Expenses	$1,180,680	$1,065,312	+0.1%
Net Income	$-294,801	$-195,007	+0.5%

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

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

$118,069

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM H vonREICHBAUER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY BUCKLE SEARLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KURT E WOERPEL III	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM MCCAULEY	SECRETARY	1.00	Officer Director	$0	$0	$0
AYN BALIJA	EX-OFFICIO	1.00	Director	$0	$0	$0
PAMELA CALARY	N/A	1.00	Director	$0	$0	$0
J THOMAS BROWN	N/A	1.00	Director	$0	$0	$0
SCOTT COLLEY	N/A	1.00	Director	$0	$0	$0
CHARLES M GRISHAM	N/A	1.00	Director	$0	$0	$0
ALLEN HENCH	N/A	1.00	Director	$0	$0	$0
JANET B KALTENBACH	EXECUTIVE DIRECTOR, EX-OFFICIO	60.00	Director Highest	$118,069	$0	$118,069
KAY C PARKER	N/A	1.00	Director	$0	$0	$0
SARA W POST	N/A	1.00	Director	$0	$0	$0
ROSALYN PRESTON	N/A	1.00	Director	$0	$0	$0
MICHAEL PURI	EX-OFFICIO	1.00	Director	$0	$0	$0
BENJAMIN ROUS	EX-OFFICIO	1.00	Director	$0	$0	$0
ANNE Y SARTORI	N/A	1.00	Director	$0	$0	$0
LEILA SHENKIR	N/A	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	No data	No data	No data	No data
2024	$885,879	$1,180,680	$8,471,791	$-294,801
2023	$870,305	$1,065,312	$8,233,848	$-195,007
2022	$837,962	$897,864	$8,280,934	$-59,902
2021	$451,064	$757,159	$8,712,114	$-306,095
2020	$770,210	$919,051	$6,306,233	$-148,841