THE HENDERSONVILLE SYMPHONY ORCHESTRA INC

EIN: 561063207 501(c)(3) Arts, Culture & Humanities

HENDERSONVILLE, NC

Total Revenue
$1,359,605
Total Expenses
$351,898
Total Assets
$1,689,868
Net Assets
$1,658,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NC
Principal Officer
PAUL CONROY
Phone
8286975884
Tax Period
2024-07-01 to 2025-06-30

THE HENDERSONVILLE SYMPHONY ORCHESTRA INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 74% operating margin.

Mission

TO ENRICH THE COMMUNITY WITH LIVE SYMPHONIC PERFORMANCES AND INTRUMENTAL MUSIC EDUCATION FOR YOUTHS AND ADULTS.

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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 $1,190,853
Program Service Revenue $101,240
Investment Income $67,512
Other Revenue $0
TOTAL REVENUE $1,359,605

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $96,807
Fundraising Expenses $0
Program Expenses $347,820
Other Expenses $252,591
TOTAL EXPENSES $351,898

Year-over-Year Comparison

2024 2023 Change
Revenue $1,359,605 $486,821 +1.8%
Expenses $351,898 $364,964 0.0%
Net Income $1,007,707 $121,857 +7.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
17

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON ALEXANDER DEVELOPMENT N/A
Director
$0 $0 $0
JIM BREWER DEVELOPMENT N/A
Director
$0 $0 $0
MARK BRITT DEVELOPMENT N/A
Director
$0 $0 $0
PAUL CONROY EXECUTIVE DI N/A
Officer Director
$0 $0 $0
SEAN EIKMAN DEVELOPMENT N/A
Director
$0 $0 $0
JOE FISHLEIGH FINANCE N/A
Director
$0 $0 $0
JOANN FREEBURG VP/SECRETARY N/A
Officer Director
$0 $0 $0
RITA HOOD PAST PRESIDE N/A
Officer Director
$0 $0 $0
BILL HUMLEKER EDUCATION N/A
Director
$0 $0 $0
BONNIE LIKENS MARKETING N/A
Director
$0 $0 $0
BILL MEDINA FINANCE N/A
Director
$0 $0 $0
TIM PARKS TREASURER N/A
Officer Director
$0 $0 $0
CINDY RUZAK PRESIDENT N/A
Director
$0 $0 $0
CAROLYN TACKETT VP N/A
Director
$0 $0 $0
AMANDA TRENT EDUCATION N/A
Director
$0 $0 $0
JULIE WILMOT MARKETING N/A
Director
$0 $0 $0
PHIL WILMOT FINANCE N/A
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 $1,359,605 $351,898 $1,689,868 $1,007,707
2024 $486,821 $364,964 $654,703 $121,857
2023 $272,412 $366,680 $530,060 $-94,268
2022 $288,105 $320,254 $567,984 $-32,149
2021 $164,385 $74,512 $675,106 $89,873
2020 $358,457 $333,838 $546,327 $24,619
2019 $365,145 $414,174 $643,556 $-49,029
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