WINSTON-SALEM SYMPHONY ASSOCIATION (EIN 560692826) - 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

1946

Legal Domicile

Principal Officer

AMANDA NORMAN

Phone

3367251035

Tax Period

2024-06-01 to 2025-05-31

WINSTON-SALEM SYMPHONY ASSOCIATION, founded in 1946, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2024.

Mission

TO BRING MUSIC TO LIFE - PLEASE REFER TO SCHEDULE O FOR MORE DETAIL.

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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 $2,127,498

Program Service Revenue $808,659

Investment Income $264,079

Other Revenue $41,085

TOTAL REVENUE $3,241,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,897,216

Fundraising Expenses $371,260

Program Expenses $2,096,335

Other Expenses $1,526,028

TOTAL EXPENSES $3,423,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,241,321	$3,136,645	+0.0%
Expenses	$3,423,244	$3,252,947	+0.1%
Net Income	$-181,923	$-116,302	+0.6%

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

117

Volunteers

112

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

$403,198

Total Directors

$5,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E MERRITT VALE	PRESIDENT &	45.00	Officer	$149,172	$11,990	$161,162
MICHELLE MERRILL	SYMPHONY DIR	40.00	Officer	$126,780	$0	$126,780
AMANDA NORMAN	VP/COO	45.00	Officer	$109,803	$5,453	$115,256
AMANDA LABRECQUE	DIRECTOR	1.00	Director	$5,582	$0	$5,582
JONATHAN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
ALICE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA BROADWAY	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN MAJOR	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LYDAY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER GYVES	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD HANES JR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEVY	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE WESLEY-FARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DENISE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
LEW SAPHAR	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LISCHKE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KARR	DIRECTOR	1.00	Director	$0	$0	$0
SUE HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM F CLINGMAN III	DIRECTOR	1.00	Director	$0	$0	$0
CAROL POLK	DIRECTOR	1.00	Director	$0	$0	$0
DEREK HICKS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH FORD	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA POINDEXTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LEAK	DIRECTOR	1.00	Director	$0	$0	$0
WILL MUNSTER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR DEBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
JAMARKUS SWINSON	DIRECTOR	1.00	Director	$0	$0	$0
ALAN RULEY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN M PRESCOTT	DIRECTOR	1.00	Director	$0	$0	$0
ALI FENNO POPLIN	DIRECTOR	1.00	Director	$0	$0	$0
JAY REED	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KENNETH BOYLES	TREASURER	1.00	Officer Director	$0	$0	$0
PAM CASH	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL REEVE	IMMEDIATE PA	1.00	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	$3,241,321	$3,423,244	$6,881,380	$-181,923
2024	$3,136,645	$3,252,947	$6,806,141	$-116,302
2023	$2,755,041	$3,037,148	$6,418,839	$-282,107
2022	$3,471,563	$2,934,853	$6,175,789	$536,710
2021	$2,203,922	$1,691,560	$6,421,079	$512,362

WINSTON-SALEM SYMPHONY ASSOCIATION