HILTON HEAD SYMPHONY ORCHESTRA INC (EIN 570761297) - 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

1982

Legal Domicile

Principal Officer

ALAN JORDAN

Phone

8438422055

Tax Period

2023-07-01 to 2024-06-30

HILTON HEAD SYMPHONY ORCHESTRA INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE HILTON HEAD SYMPHONY ORCHESTRA (HHSO) INSPIRES AUDIENCES WITH MUSICAL EXCELLENCE, ENRICHES LIVES THROUGH YOUTH PROGRAMMING AND COMMUNITY PERFORMANCES, AND UNITES THE LOWCOUNTRY AS AN ARTS AND CULTURAL DESTINATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,588,876

Program Service Revenue $732,419

Investment Income $51,723

Other Revenue $32,256

TOTAL REVENUE $2,405,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,222,493

Fundraising Expenses $76,954

Program Expenses $1,917,295

Other Expenses $1,493,134

TOTAL EXPENSES $2,715,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,405,274	$2,595,635	-0.1%
Expenses	$2,715,627	$2,726,928	0.0%
Net Income	$-310,353	$-131,293	+1.4%

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

155

Volunteers

446

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN JORDAN	PRESIDENT AN	40.00	Highest	$147,694	$0	$147,694
RABBI BRAD BLOOM	BOARD MEMBER	2.00	Director	$0	$0	$0
INGRID BOATRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB CHERICHELLA	V-CHAIR RES	3.00	Officer Director	$0	$0	$0
JOAN DATTELBAUM	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE EFFRON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN ELLIOT	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLYN HACK	SECRETARY	3.00	Officer Director	$0	$0	$0
ARTHUR HANDMAN	TREASURER	3.00	Officer Director	$0	$0	$0
TERRY HICKS	BOARD MEMBER	2.00	Director	$0	$0	$0
GLORIA HOLMES	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIO INCORVAIA	EX OFFICIO	40.00	Director	$0	$0	$0
BRET JACOBOWITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
BLAINE LOTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY ORR	V-CHAIR STRA	3.00	Officer Director	$0	$0	$0
MARY PRINCING	CHAIR	5.00	Officer Director	$0	$0	$0
CONNIE RATHMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES SAMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN SHAIMAN	EX OFFICIO	40.00	Director	$0	$0	$0
EDWARD SIMMONS	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA HARRIS SORKIN	BOARD MEMBER	2.00	Director	$0	$0	$0
BLAKE WHITE	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	$2,405,274	$2,715,627	$2,146,087	$-310,353
2023	$2,595,635	$2,726,928	$2,312,700	$-131,293
2022	$2,950,253	$2,451,575	$1,962,762	$498,678
2021	$1,352,236	$1,547,710	$1,514,551	$-195,474
2020	$2,091,989	$2,316,022	$1,666,134	$-224,033
2019	$2,171,171	$2,397,876	$1,886,559	$-226,705

HILTON HEAD SYMPHONY ORCHESTRA INC