TENNESSEE PHILHARMONIC SYMPHONY OR… - Form 990 Financial Data

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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

Legal Domicile

Phone

6158981862

Tax Period

2023-05-01 to 2024-04-30

TENNESSEE PHILHARMONIC SYMPHONY ORCHESTRA ASSOCIATION INC is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $180K left a modest 10% surplus.

Mission

TO PROVIDE SYMPHONY MUSIC IN A LIVE ORCHESTRAL SETTING FOR THE ENJOYMENT OF BOTH ADULTS AND CHILDREN IN THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $89,180

TO PRESENT CLASSICAL AND POP MUSIC TO MIDDLE TENNESSEE FOR THE ENJOYMENT OF BOTH YOUTH 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $156,798

Program Service Revenue $42,768

Investment Income $0

Other Revenue $1,005

TOTAL REVENUE $200,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,475

Fundraising Expenses $0

Program Expenses $89,180

Other Expenses $147,498

TOTAL EXPENSES $179,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,571	$227,344	-0.1%
Expenses	$179,973	$223,477	-0.2%
Net Income	$20,598	$3,867	+4.3%

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

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

Volunteers

N/A

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

$30,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE LAWSON	OPERATIONS	35.00	Director	$30,167	$0	$30,167
RAY SINGER	Vice President	2.00	Officer Director	$0	$0	$0
JOE WAKHAM	Treasurer	2.00	Officer Director	$0	$0	$0
DAVID SEVIER	Director	1.00	Director	$0	$0	$0
DWAYNE HAWKINS	Secretary	1.00	Officer Director	$0	$0	$0
ANN COLLETTE	Director	1.00	Director	$0	$0	$0
STEVEN PAYNE	President	1.00	Officer Director	$0	$0	$0
PAT WARD	Director	1.00	Director	$0	$0	$0
ROBIN BISHOP	Director	1.00	Director	$0	$0	$0
BRAD LAMB	Director	1.00	Director	$0	$0	$0
ADAM COGGIN	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
2024	$200,571	$179,973	$33,729	$20,598
2023	$227,344	$223,477	$12,877	$3,867

TENNESSEE PHILHARMONIC SYMPHONY ORCHESTRA ASSOCIATION INC