ROANOKE SYMPHONY ORCHESTRA

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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 ORCHESTRA, founded in 1953, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 19% operating deficit.

Mission

The Roanoke Symphony Orchestra provides a professional symphony orchestra of artistic excellence and integrity to enrich lives, to educate, and to entertain diverse audiences in western Virginia with the highest quality instrumental and choral music.

Program Service Accomplishments

Program 1

Expenses: $1,330,743 Revenue: $680,315

Entertain and enrich lives through musical arts in Western Virginia by providing orchestral concerts, wellness arts, and community engagement services.

Program 2

Expenses: $115,623 Revenue: $64,078

Provide music education services and development through classes, our youth symphony, and musical performances to students across Western Virginia

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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 $677,462

Program Service Revenue $744,393

Investment Income $57,021

Other Revenue $1,650

TOTAL REVENUE $1,480,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $932,216

Fundraising Expenses $77,070

Program Expenses $1,446,366

Other Expenses $824,202

TOTAL EXPENSES $1,756,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,480,526	$1,475,360	+0.0%
Expenses	$1,756,418	$1,633,768	+0.1%
Net Income	$-275,892	$-158,408	+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

159

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

$126,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WILEY	Music Director	30.00		$141,125	$10,466	$151,591
DAVID CRANE	Executive Dir.	52.00	Officer	$125,034	$1,166	$126,200
CHRIS HEAD	Director	4.00	Director	$0	$0	$0
JEANNE FISHWICK	Director	4.00	Director	$0	$0	$0
JIM HURT	Director	4.00	Director	$0	$0	$0
ELLIE HAMMER	Director	4.00	Director	$0	$0	$0
PAUL ECONOMY	Past President	4.00	Officer Director	$0	$0	$0
MARY HELEN CHISHOLM	Director	4.00	Director	$0	$0	$0
SAMUEL OAKEY IV	Director	4.00	Director	$0	$0	$0
BRENDA CHAPMAN	Director	4.00	Director	$0	$0	$0
MONICA MONDAY	Vice President	4.00	Officer Director	$0	$0	$0
CHRIS VOGADO	Director	4.00	Director	$0	$0	$0
DR LEE LEARMAN	Director	4.00	Director	$0	$0	$0
MICHAEL MAXEY	President	4.00	Officer Director	$0	$0	$0
HELENE DREILING	Secretary	4.00	Officer Director	$0	$0	$0
SANDRA SMITH	Director	4.00	Director	$0	$0	$0
RICHARD GARBEE	Treasurer	4.00	Officer Director	$0	$0	$0
SAM LIONBERGER	Director	4.00	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	$1,480,526	$1,756,418	$1,847,630	$-275,892
2024	$1,475,360	$1,633,768	$2,076,497	$-158,408
2023	$1,332,611	$1,600,625	$2,233,359	$-268,014
2022	$2,284,824	$1,416,390	$2,287,008	$868,434
2021	$863,700	$492,414	$1,469,260	$371,286
2020	$1,645,429	$1,358,292	$1,010,321	$287,137
2019	$1,653,638	$1,597,328	$814,624	$56,310