NORTH CAROLINA SYMPHONY SOCIETY INC (EIN 560556755) - Form 990 Financial Analysis & Trantor Score

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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

1932

Legal Domicile

Principal Officer

SANDI MA MACDONALD

Phone

9197332750

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA SYMPHONY SOCIETY INC, founded in 1932, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.6M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE NORTH CAROLINA SYMPHONY IS NORTH CAROLINA'S STATE ORCHESTRA, AN ORCHESTRA ACHIEVING THE HIGHEST LEVEL OF ARTISTIC QUALITY AND PERFORMANCE STANDARDS, AND EMBRACING ITS DUAL LEGACIES OF STATEWIDE SERVICE AND MUSIC EDUCATION.

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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 $11,732,326

Program Service Revenue $5,170,739

Investment Income $1,688,670

Other Revenue $-11,065

TOTAL REVENUE $18,580,670

Expense Breakdown

Grants Paid $44,322

Salaries & Benefits $12,729,033

Fundraising Expenses $1,596,199

Program Expenses $15,697,036

Other Expenses $6,541,161

TOTAL EXPENSES $19,365,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,580,670	$21,495,836	-0.1%
Expenses	$19,365,541	$19,061,118	+0.0%
Net Income	$-784,871	$2,434,718	-1.3%

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

303

Volunteers

109

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

$679,312

Total Directors

Key Employees

$371,253

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH C BASTIAN	CHAIR	5.00	Officer Director	$0	$0	$0
ASHLEY MATLOCK PERKINSON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
TERRY L STEVENS	TREASURER	3.00	Officer Director	$0	$0	$0
ROSEMARY KENYON	SECRETARY	3.00	Officer Director	$0	$0	$0
DON DAVIS	PAST CHAIR	3.00	Officer Director	$0	$0	$0
DEBORAH M AIKEN	MEMBER	1.00	Director	$0	$0	$0
DR TIM ALTMAN	MEMBER (UNTIL 3/2025)	1.00	Director	$0	$0	$0
CHIP ANDERSON	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE BASS	MEMBER	1.00	Director	$0	$0	$0
DR TRUDE R BATE	MEMBER	1.00	Director	$0	$0	$0
DENISE S BENNETT	MEMBER	1.00	Director	$0	$0	$0
JUD BOWMAN	MEMBER	1.00	Director	$0	$0	$0
PATTY BRIGUGLIO	MEMBER	1.00	Director	$0	$0	$0
SECRETARY PAMELA CASHWELL	MEMBER	1.00	Director	$0	$0	$0
GOVERNOR ROY COOPER	MEMBER (UNTIL 1/2025)	1.00	Director	$0	$0	$0
JEFFREY A CORBETT	MEMBER	1.00	Director	$0	$0	$0
DR ROY CROMARTIE	MEMBER	1.00	Director	$0	$0	$0
COURTNEY CROWDER	MEMBER	1.00	Director	$0	$0	$0
JIM DATIN	MEMBER	1.00	Director	$0	$0	$0
RICHARD L DAUGHERTY	MEMBER	1.00	Director	$0	$0	$0
KEITH DONAHUE	MEMBER (UNTIL 3/2025)	1.00	Director	$0	$0	$0
SUPERINTENDENT MAURICE GREEN	MEMBER	1.00	Director	$0	$0	$0
JAMES C GULICK	MEMBER	1.00	Director	$0	$0	$0
DAVID HAINES	MEMBER	1.00	Director	$0	$0	$0
ELAINE BRYANT HAYES	MEMBER	1.00	Director	$0	$0	$0
KRISTEN HESS	MEMBER	1.00	Director	$0	$0	$0
RICHARD E HINSON	MEMBER	1.00	Director	$0	$0	$0
KEVIN HOWELL	MEMBER (UNTIL 3/2025)	1.00	Director	$0	$0	$0
JAMES L IRBY	MEMBER	1.00	Director	$0	$0	$0
L DWAIN JOYCE	MEMBER	1.00	Director	$0	$0	$0
M GRAY STYERS JR	MEMBER	1.00	Director	$0	$0	$0
ROBERT MACNEILL JR	MEMBER	1.00	Director	$0	$0	$0
CECELIA ECKERT KENNEDY	MEMBER	1.00	Director	$0	$0	$0
DR MARK LEITHE	MEMBER	1.00	Director	$0	$0	$0
REV DR CHRISTIE MABRY	MEMBER	1.00	Director	$0	$0	$0
DAWN MACLAREN	MEMBER	1.00	Director	$0	$0	$0
JANE MARR	MEMBER	1.00	Director	$0	$0	$0
BRANFORD MARSALIS	MEMBER	1.00	Director	$0	$0	$0
LOUISE A MILLER	MEMBER	1.00	Director	$0	$0	$0
MARGARET MILLETT	MEMBER	1.00	Director	$0	$0	$0
JAMES MORGAN	MEMBER	1.00	Director	$0	$0	$0
LORI O'KEEFE	MEMBER	1.00	Director	$0	$0	$0
REBECCA QUINN-WOLF	MEMBER	1.00	Director	$0	$0	$0
DR RAMACHANDRA P REDDY	MEMBER	1.00	Director	$0	$0	$0
DONNA RHODE	MEMBER	1.00	Director	$0	$0	$0
JASON SMITH	MEMBER	1.00	Director	$0	$0	$0
DAVID SONTAG	MEMBER (UNTIL 4/2025)	1.00	Director	$0	$0	$0
LINDA J STAUNCH	MEMBER	1.00	Director	$0	$0	$0
GOVERNOR JOSH STEIN	MEMBER	1.00	Director	$0	$0	$0
SANDY SULLY	MEMBER	1.00	Director	$0	$0	$0
ALLISON TRAPP	MEMBER	1.00	Director	$0	$0	$0
CATHERINE TRUITT	MEMBER (UNTIL 1/2025)	1.00	Director	$0	$0	$0
DERECK WHITTENBURG	MEMBER	1.00	Director	$0	$0	$0
SECRETARY D REID WILSON	MEMBER (UNTIL 1/2025)	1.00	Director	$0	$0	$0
KURT WOOLNER	MEMBER	1.00	Director	$0	$0	$0
DARLIENE S WOOLNER	MEMBER	1.00	Director	$0	$0	$0
SANDI MA MACDONALD	PRESIDENT & CEO	55.00	Officer	$400,332	$35,170	$435,502
ROBERT SCHILLER	SR. VP, FINANCE & CFO	55.00	Officer	$238,928	$4,882	$243,810
CARLOS PRIETO	MUSIC DIRECTOR	25.00	Key Emp	$343,385	$27,868	$371,253
LINDA CHARLTON	VP, MARKETING & AUDIENCE DEV.	55.00	Highest	$181,620	$31,484	$213,104
ELIZABETH RANSOM	VP, PHILANTHROPY	50.00	Highest	$178,716	$14,976	$193,692
DONALD TIPPETT	VP, ORCHESTRA OPERATIONS	50.00	Highest	$153,838	$17,525	$171,363
JOSEPH PETERS	MUSICIAN	40.00	Highest	$114,683	$18,174	$132,857
REBEKAH DALEY	MUSICIAN	40.00	Highest	$111,686	$18,174	$129,860

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	$18,580,670	$19,365,541	$37,405,055	$-784,871
2024	$21,495,836	$19,061,118	$37,146,233	$2,434,718
2023	$14,909,528	$16,680,198	$32,439,054	$-1,770,670
2022	$22,246,893	$14,004,331	$32,524,457	$8,242,562
2021	$17,358,420	$10,031,271	$26,342,195	$7,327,149
2020	$14,878,850	$14,919,654	$18,272,121	$-40,804
2019	$26,449,623	$16,315,140	$18,531,393	$10,134,483
2018	$14,853,839	$14,965,988	$7,219,058	$-112,149

NORTH CAROLINA SYMPHONY SOCIETY INC