CHARLESTON SYMPHONY ORCHESTRA (EIN 576000192) - 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

1936

Legal Domicile

Principal Officer

MICHAEL A SMITH

Phone

8437237528

Tax Period

2023-07-01 to 2024-06-30

CHARLESTON SYMPHONY ORCHESTRA, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2023. Expenses of $4.9M left a modest 4% surplus.

Mission

THE CHARLESTON SYMPHONY'S MISSION IS TO INSPIRE AND ENGAGE THE COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS.

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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 $2,782,434

Program Service Revenue $2,101,630

Investment Income $202,143

Other Revenue $33,966

TOTAL REVENUE $5,120,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,947,786

Fundraising Expenses $496,223

Program Expenses $3,898,675

Other Expenses $1,984,184

TOTAL EXPENSES $4,931,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,120,173	$5,363,939	0.0%
Expenses	$4,931,970	$4,529,774	+0.1%
Net Income	$188,203	$834,165	-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

Governance

Voting Members

Independent Members

Employees

293

Volunteers

200

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

$175,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD HART	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK ILDERTON	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR CHARPIA	DIRECTOR	1.00	Director	$0	$0	$0
CLYDE HIERS	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE HAM	DIRECTOR	1.00	Director	$0	$0	$0
JODI RUSH	DIRECTOR	1.00	Director	$0	$0	$0
GERALD TANENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
KAY MAYBANK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MOODY	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA MABRY	DIRECTOR	1.00	Director	$0	$0	$0
TRACY GROOMS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
RENARD HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
DR SHARESE PEARSON-BUSH	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY REED SILVERMAN	DIRECTOR	1.00	Director	$0	$0	$0
GAIL CORVETTE	DIRECTOR	1.00	Director	$0	$0	$0
STUART AMES	DIRECTOR	1.00	Director	$0	$0	$0
ANNE W CLEVELAND	DIRECTOR	1.00	Director	$0	$0	$0
DR AARON P LESHER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS STAUBES	DIRECTOR	1.00	Director	$0	$0	$0
RAJAN GOVINDAN	TREASURER	1.00	Officer	$0	$0	$0
DR BOBBY BAKER	PRESIDENT	1.00	Officer	$0	$0	$0
DAVID SAVARD	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL A SMITH	CHIEF EXECUTIVE OFFICER	60.00	Officer	$162,500	$12,968	$175,468
SUSAN SULLIVAN	SECRETARY	1.00	Officer	$0	$0	$0
JERRY EVANS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
WENDI HUFF	VICE PRESIDENT	1.00	Officer	$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	$5,120,173	$4,931,970	$10,727,469	$188,203
2023	$5,363,939	$4,529,774	$9,676,718	$834,165
2022	$9,194,585	$3,888,659	$8,106,651	$5,305,926
2021	$3,884,009	$2,821,523	$3,900,208	$1,062,486
2020	$3,546,964	$3,670,402	$2,650,180	$-123,438
2019	$3,571,845	$3,595,246	$2,506,022	$-23,401
2018	$3,634,175	$3,570,537	$2,452,958	$63,638

CHARLESTON SYMPHONY ORCHESTRA