NORTH CAROLINA SYMPHONY FOUNDATION

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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

SANDI MA MACDONALD

Phone

9197332750

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA SYMPHONY FOUNDATION, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 60% operating margin.

Mission

TO RECEIVE AND HOLD THE ENDOWMENT OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), SOLICIT ADDITIONS TO THE ENDOWMENT, SAFEGUARD ASSETS, AND EXPEND FUNDS FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $1,161,608 Revenue: $0

PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), SOLICIT ADDITIONS TO ITS ENDOWMENT, SAFEGUARD ENDOWMENT ASSETS IN A MANNER CONSISTENT WITH THE PRUDENT INVESTMENT OF...

PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), SOLICIT ADDITIONS TO ITS ENDOWMENT, SAFEGUARD ENDOWMENT ASSETS IN A MANNER CONSISTENT WITH THE PRUDENT INVESTMENT OF ENDOWMENT FUNDS, AND EXPEND INCOME AND CAPITAL FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY.

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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 $1,999,433

Program Service Revenue $0

Investment Income $1,024,609

Other Revenue $0

TOTAL REVENUE $3,024,042

Expense Breakdown

Grants Paid $1,161,608

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,161,608

Other Expenses $42,454

TOTAL EXPENSES $1,204,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,024,042	$1,971,618	+0.5%
Expenses	$1,204,062	$1,086,126	+0.1%
Net Income	$1,819,980	$885,492	+1.1%

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

N/A

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

$679,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CHIP ANDERSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
MR LARRY WILSON	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
MS DIANNE C SELLERS	SECRETARY	3.00	Officer Director	$0	$0	$0
COL MATT SEGAL	TREASURER	3.00	Officer Director	$0	$0	$0
MS CATHARINE BIGGS ARROWOOD	MEMBER	1.00	Director	$0	$0	$0
MR JOSEPH C BASTIAN	MEMBER	1.00	Director	$0	$0	$0
MR RICHARD DICK L DAUGHERTY	MEMBER	1.00	Director	$0	$0	$0
MR WILLIAM LEE BILL HODGES	MEMBER	1.00	Director	$0	$0	$0
MR D S STEVE HODGES	MEMBER	1.00	Director	$0	$0	$0
DR TED R KUNSTLING	MEMBER	1.00	Director	$0	$0	$0
MR ROBERT LOWETH	MEMBER	1.00	Director	$0	$0	$0
DR EMILY MANN PECK	MEMBER	1.00	Director	$0	$0	$0
DR SHALER STIDHAM JR	MEMBER	1.00	Director	$0	$0	$0
ROBERT SCHILLER	SR. VP, FINANCE & CFO	5.00	Officer	$0	$4,882	$243,810
SANDI MA MACDONALD	PRESIDENT & CEO	5.00	Officer	$0	$35,170	$435,502
ELIZABETH RANSOM	VP, PHILANTHROPY	5.00	Highest	$0	$14,976	$193,692

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	$3,024,042	$1,204,062	$27,394,587	$1,819,980
2024	No data	No data	No data	No data
2023	$3,422,969	$1,002,384	$20,864,565	$2,420,585
2022	$1,631,710	$922,566	$16,993,158	$709,144
2021	$2,402,559	$899,499	$19,944,867	$1,503,060
2020	$776,529	$928,899	$16,661,282	$-152,370
2019	$940,571	$896,820	$16,550,282	$43,751
2018	$1,722,644	$888,382	$16,118,510	$834,262