WESTERN PIEDMONT SYMPHONY INC

EIN: 561023290 501(c)(3) Arts, Culture & Humanities

HICKORY, NC

Total Revenue
$843,442
Total Expenses
$884,597
Total Assets
$465,513
Net Assets
$300,756
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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
1964
Legal Domicile
NC
Principal Officer
KELLY SWINDELL
Phone
8283248603
Tax Period
2024-07-01 to 2025-06-30

WESTERN PIEDMONT SYMPHONY INC, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $843K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO INSPIRE AND CONNECT PEOPLE THROUGH THE POWER OF SYMPHONIC MUSIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $319,735
Program Service Revenue $0
Investment Income $74,625
Other Revenue $449,082
TOTAL REVENUE $843,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $521,961
Fundraising Expenses $10,721
Program Expenses $641,844
Other Expenses $362,636
TOTAL EXPENSES $884,597

Year-over-Year Comparison

2024 2023 Change
Revenue $843,442 $736,782 +0.1%
Expenses $884,597 $913,716 0.0%
Net Income $-41,155 $-176,934 -0.8%
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

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Governance

Voting Members
17
Independent Members
17
Employees
73
Volunteers
86

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
D'ANN GRELL TREASURER 0.00
Officer Director
$0 $0 $0
GARY MCDOUGAL PRESIDENT ELECT 0.00
Officer Director
$0 $0 $0
JAYNE ABERNETHY SECRETARY 0.00
Officer Director
$0 $0 $0
JOHN BRAY BOARD MEMBER 0.00
Director
$0 $0 $0
ADAM EVERETT BOARD MEMBER 0.00
Director
$0 $0 $0
LU LITTON GRIFFIN BOARD MEMBER 0.00
Director
$0 $0 $0
HOPE ESTEPAN BOARD MEMBER 0.00
Director
$0 $0 $0
JACKIE PALMER BOARD MEMBER 0.00
Director
$0 $0 $0
IDA CLOUGH PAST PRESIDENT 0.00
Officer Director
$0 $0 $0
CHIP YOUNG BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID MILLHOLLAND BOARD MEMBER 0.00
Director
$0 $0 $0
YVONNE DUNCAN BOARD MEMBER 0.00
Director
$0 $0 $0
KIM WANGLER BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN HALL BOARD MEMBER 0.00
Director
$0 $0 $0
MICHAEL ROPER PRESIDENT 0.00
Officer Director
$0 $0 $0
CHARLES SMITH BOARD MEMBER 0.00
Director
$0 $0 $0
ELLIE WILSON BOARD MEMBER 0.00
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 $843,442 $884,597 $465,513 $-41,155
2024 $736,782 $913,716 $526,681 $-176,934
2023 $565,694 $767,246 $675,487 $-201,552
2022 $779,161 $628,461 $730,053 $150,700
2021 $647,697 $380,515 $798,414 $267,182
2020 $686,021 $634,050 $494,183 $51,971
2019 $622,014 $602,068 $403,375 $19,946
2018 $628,505 $603,063 $409,573 $25,442
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