Asheville Symphony Society Inc (EIN 566060772) - 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

1961

Legal Domicile

Principal Officer

G Edward Towson

Phone

8282547046

Tax Period

2024-07-01 to 2025-06-30

Asheville Symphony Society Inc, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 12% surplus.

Mission

The Asheville Symphony Orchestra performs and promotes symphonic music for the benefit, enjoyment and education of the people of Western North Carolina.

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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 $1,981,640

Program Service Revenue $1,218,182

Investment Income $146,679

Other Revenue $264,727

TOTAL REVENUE $3,611,228

Expense Breakdown

Grants Paid $7,547

Salaries & Benefits $1,556,889

Fundraising Expenses $451,229

Program Expenses $2,107,260

Other Expenses $1,620,803

TOTAL EXPENSES $3,185,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,611,228	$2,925,472	+0.2%
Expenses	$3,185,239	$2,759,745	+0.2%
Net Income	$425,989	$165,727	+1.6%

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

192

Volunteers

300

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

$152,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Crupi	Executive Director	40.00	Officer	$142,140	$10,613	$152,753
Sue Luther	President	3.00	Officer Director	$0	$0	$0
Sallie Broach	Secretary	3.00	Officer Director	$0	$0	$0
G Edward Towson	Treasurer	3.00	Officer Director	$0	$0	$0
Adarrell Gadsden	President Elect	3.00	Director	$0	$0	$0
Michael Andry	Past President	3.00	Director	$0	$0	$0
Clifford Albertson	Director	3.00	Director	$0	$0	$0
John Jack R Anderson	Director	3.00	Director	$0	$0	$0
Thomas Tom C Bolton	Director	3.00	Director	$0	$0	$0
Susan Harrington Butts	Director	3.00	Director	$0	$0	$0
Sean Comeaux	Director	3.00	Director	$0	$0	$0
John P Cuellar III MD	Director	3.00	Director	$0	$0	$0
George Dambach	Director	3.00	Director	$0	$0	$0
John W Ellis	Director	3.00	Director	$0	$0	$0
Bolling Farmer	Director	3.00	Director	$0	$0	$0
William Bill Gettys	Director	3.00	Director	$0	$0	$0
Scott Gregg	Director	3.00	Director	$0	$0	$0
Fred F Groce Jr	Director	3.00	Director	$0	$0	$0
Mary Kirby	Director	3.00	Director	$0	$0	$0
Pam Lowe-Hoyte	Director	3.00	Director	$0	$0	$0
Carol McCollum	Director	3.00	Director	$0	$0	$0
Patrick O'Cain	Director	3.00	Director	$0	$0	$0
Jeffrey Owen	Director	3.00	Director	$0	$0	$0
Kevin Pasarilla	Director	3.00	Director	$0	$0	$0
Richard Schaffer	Director	3.00	Director	$0	$0	$0
Jayne Schnaars	Director	3.00	Director	$0	$0	$0
Rachel Sossoman	Director	3.00	Director	$0	$0	$0
Jim Thompson	Director	3.00	Director	$0	$0	$0
Sarah Van Gunten	Director	3.00	Director	$0	$0	$0
David Worley	Director	3.00	Director	$0	$0	$0
Olivia Zahler	Director	3.00	Director	$0	$0	$0
Debra Green	Director	1.00	Director	$0	$0	$0
Cristian Rubiano	Director	1.00	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	$3,611,228	$3,185,239	$4,002,217	$425,989
2024	$2,925,472	$2,759,745	$3,430,151	$165,727
2023	$2,777,217	$2,441,007	$3,063,952	$336,210
2022	$2,644,010	$1,928,673	$2,231,484	$715,337
2021	$759,124	$855,259	$1,814,392	$-96,135
2020	$1,528,451	$1,706,413	$1,570,085	$-177,962
2019	$2,256,078	$2,292,621	$1,764,044	$-36,543
2018	$1,994,483	$1,853,311	$1,754,992	$141,172

Asheville Symphony Society Inc