CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC (EIN 566011568) - 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

DAVID JL FISK

Phone

7049722003

Tax Period

2024-07-01 to 2025-06-30

CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC, founded in 1932, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $27.1M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.3M, a strong 45% operating margin.

Mission

THE CHARLOTTE SYMPHONY UPLIFTS, ENTERTAINS, AND EDUCATES THE DIVERSE COMMUNITIES OF CHARLOTTE-MECKLENBURG AND BEYOND THROUGH EXCEPTIONAL MUSICAL EXPERIENCES. REACHING OUT THROUGH THE TRANSFORMATIVE POWER OF LIVE MUSIC, THE CHARLOTTE SYMPHONY WILL BE A CIVIC LEADER, REFLECTING AND UNITING OUR REGION.

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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 $22,905,447

Program Service Revenue $3,937,885

Investment Income $21,450

Other Revenue $249,128

TOTAL REVENUE $27,113,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,533,260

Fundraising Expenses $1,001,681

Program Expenses $11,967,265

Other Expenses $5,233,792

TOTAL EXPENSES $14,830,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,113,910	$17,442,302	+0.6%
Expenses	$14,830,052	$13,642,267	+0.1%
Net Income	$12,283,858	$3,800,035	+2.2%

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

315

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

$407,430

Total Directors

$576,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KRUMDIECK	CHAIR	1.00	Officer Director	$0	$0	$0
MANLEY ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY SCHALL	DIRECTOR	1.00	Director	$0	$0	$0
SARA GARCES ROSELLI	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
JULIETTE PRYOR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MAKRIS	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE KINLOCH	DIRECTOR	1.00	Director	$0	$0	$0
BYRON JOHNS	DIRECTOR	1.00	Director	$75,435	$17,141	$92,576
FRAN HYDE	DIRECTOR	1.00	Director	$0	$0	$0
LUCIA ZAPATA GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG FROEHLICH	DIRECTOR	1.00	Director	$0	$0	$0
YLIDA SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
SIDNEY FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
NICK CLEMENTS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BUTTERWORTH	DIRECTOR	1.00	Director	$0	$0	$0
JOYE D BLOUNT	DIRECTOR	1.00	Director	$0	$0	$0
KRISHA BLANCHARD	DIRECTOR	1.00	Director	$0	$0	$0
BRIENNE TINDER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA MUMM TRAMMELL	DIRECTOR	1.00	Director	$60,360	$16,335	$76,695
KEN WALKER	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE GALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON SHERRILL	DIRECTOR	1.00	Director	$0	$0	$0
JENNY TOPILOW	DIRECTOR (THRU 10/2024)	1.00	Director	$0	$0	$0
MARY DELK	DIRECTOR (THRU 6/2025)	1.00	Director	$0	$0	$0
ALEX MCKINNON	DIRECTOR (THRU 6/2025)	1.00	Director	$0	$0	$0
KEVIN WALKER	DIRECTOR (THRU 6/2025)	1.00	Director	$0	$0	$0
LINDA MCFARLAND FARTHING	FORMER CHAIR (THRU 6/2025)	1.00	Officer Director	$0	$0	$0
MANNY CLARK	FORMER SECRETARY (THRU 12/2024)	1.00	Officer Director	$0	$0	$0
MICHAEL ANKROM	FORMER TREASURER (THRU 6/2025)	1.00	Officer Director	$0	$0	$0
KWAME RYAN	MUSIC DIRECTOR	1.00	Officer Director	$116,539	$0	$116,539
DAVID JL FISK	PRESIDENT & CEO	40.00	Officer Director	$279,790	$11,101	$290,891
DENISE DEMAIO	TREASURER	1.00	Officer Director	$0	$0	$0
MELINDA SNYDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ULRIKE MILES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CALIN LUPANU	CONCERTMASTER	40.00	Highest	$132,713	$22,937	$155,650
ARAM KIM BRYAN	VP LEARNING & COMMUNITY ENGAGEMENT	40.00	Highest	$138,967	$10,811	$149,778
SCOTT FRECK	VP OF ARTISTIC OPERATIONS	40.00	Highest	$157,308	$11,569	$168,877
SHAYNE DOTY	VP OF DEVELOPMENT	40.00	Highest	$185,556	$11,569	$197,125
CHRISTIAN DRAKE	VP OF FINANCE	40.00	Highest	$146,869	$11,569	$158,438

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	$27,113,910	$14,830,052	$50,059,541	$12,283,858
2024	$17,442,302	$13,642,267	$36,699,975	$3,800,035
2023	$23,356,040	$12,279,922	$29,596,085	$11,076,118
2022	$14,331,249	$11,331,777	$18,656,267	$2,999,472
2021	$10,112,053	$8,387,776	$18,938,892	$1,724,277
2020	$8,972,227	$9,552,217	$14,583,525	$-579,990
2019	$11,690,268	$10,157,862	$14,179,810	$1,532,406
2018	$10,979,728	$10,072,605	$12,153,091	$907,123

CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC