BREVARD SYMPHONY ORCHESTRA INC

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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

1966

Legal Domicile

Principal Officer

HADASSAH A ETIENNE

Phone

3212422024

Tax Period

2023-07-01 to 2024-06-30

BREVARD SYMPHONY ORCHESTRA INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 5% surplus.

Mission

THE BREVARD SYMPHONY ORCHESTRA ENTERTAINS AND ENRICHES INDIVIDUALS AND COMMUNITIES BY CREATING EXCEPTIONAL, LIVE SYMPHONIC MUSIC.

Program Service Accomplishments

Program 1

Expenses: $792,695 Revenue: $480,826

THE BSO ENJOYS PERFORMING A VARIETY OF CONCERTS IN MANY VENUES EACH SEASON. AT ITS HOME VENUE, THE KING CENTER FOR THE PERFORMING ARTS, THE BSO PRESENTS ITS FIVE-CONCERT SIGNATURE SERIES...

THE BSO ENJOYS PERFORMING A VARIETY OF CONCERTS IN MANY VENUES EACH SEASON. AT ITS HOME VENUE, THE KING CENTER FOR THE PERFORMING ARTS, THE BSO PRESENTS ITS FIVE-CONCERT SIGNATURE SERIES, THREE-CONCERT POPS SERIES, THREE MATINEE CONCERTS, ANNUAL 5TH GRADE CONCERTS, AND OTHER EVENTS. FREE CONCERTS FOR THE COMMUNITY ARE PRESENTED TWICE A YEAR THE INDEPENDENCE DAY CONCERT ON JULY 4 AT COCOA RIVERFRONT PARK AND THE FAMILY CONCERT IN FEBRUARY AT THE KING CENTER. THE BSO HAS A STRONG PRESENCE IN INDIAN RIVER COUNTY, APPEARING THREE TIMES A YEAR ON THE INDIAN RIVER SYMPHONIC ASSOCIATION SERIES AND PERFORMING ITS ANNUAL 5TH GRADE CONCERT FOR INDIAN RIVER COUNTY STUDENTS, PERFORMING FOR THE VERO BEACH OPERA'S MAINSTAGE PRODUCTION, AND FOR THE INDIAN RIVER MEDICAL CENTER FOUNDATION'S ANNUAL MAY POPS.

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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 $541,116

Program Service Revenue $480,826

Investment Income $94,499

Other Revenue $66,566

TOTAL REVENUE $1,183,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,178

Fundraising Expenses $0

Program Expenses $792,695

Other Expenses $856,110

TOTAL EXPENSES $1,123,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,183,007	$869,289	+0.4%
Expenses	$1,123,288	$1,140,122	0.0%
Net Income	$59,719	$-270,833	-1.2%

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

228

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

$87,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP ZIES	CHAIR	3.00	Officer Director	$0	$0	$0
DEBBIE CALDWELL	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DR NANCY J JOHNSON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
TRAVIS PROCTOR	TREASURER	3.00	Officer Director	$0	$0	$0
DOTTY ALLEN	SECRETARY	3.00	Officer Director	$0	$0	$0
DR JASON WIESELER	PAST CHAIR	3.00	Officer Director	$0	$0	$0
GERALDINE BLANCHARD	DIRECTOR	3.00	Director	$0	$0	$0
ANN-MARIE BRUSH	DIRECTOR	3.00	Director	$0	$0	$0
YVONNE CLAYBORNE	DIRECTOR	3.00	Director	$0	$0	$0
DR ALFREDO FANELLI	DIRECTOR	3.00	Director	$0	$0	$0
JANET FORRER	DIRECTOR	3.00	Director	$0	$0	$0
PEDRO GUIROLA	DIRECTOR	3.00	Director	$0	$0	$0
LAURI HART	DIRECTOR	3.00	Director	$0	$0	$0
TESS HUGHES	GUILD REP	3.00	Director	$0	$0	$0
JOANNA JOBSON	DIRECTOR	3.00	Director	$0	$0	$0
DARCIA JONES FRANCEY	DIRECTOR	3.00	Director	$0	$0	$0
MARILYN KITCHEL	DIRECTOR	3.00	Director	$0	$0	$0
SASHA KORCZYNSKI	MUSICIAN	3.00	Director	$0	$0	$0
DR ROBERT LAMB	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTOPHER MCALPINE	DIRECTOR	3.00	Director	$0	$0	$0
LISA MCALPINE	BSYO REP	3.00	Director	$0	$0	$0
CHARLES NASH	DIRECTOR	3.00	Director	$0	$0	$0
HUGH NORMILE	DIRECTOR	3.00	Director	$0	$0	$0
JACKIE PANTELLO	DIRECTOR	3.00	Director	$0	$0	$0
CAROL REEVE	DIRECTOR	3.00	Director	$0	$0	$0
PATRICK ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
ROGER ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINA APELGREN	DIRECTOR	3.00	Director	$0	$0	$0
DR ALEXIES RAMIREZ	DIRECTOR	3.00	Director	$0	$0	$0
DAVID SCHILLHAMMER	EXECUTIVE DIRECTOR	40.00	Officer	$87,500	$0	$87,500

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	$1,183,007	$1,123,288	$2,557,449	$59,719
2023	$869,289	$1,140,122	$2,303,520	$-270,833
2022	$1,118,787	$1,069,044	$2,322,892	$49,743
2021	$575,938	$790,577	$2,157,925	$-214,639
2020	$779,613	$743,664	$2,057,310	$35,949
2019	$1,194,529	$855,804	$1,774,194	$338,725