SOUTHWEST FLORIDA SYMPHONY ORCHESTRA AND CHORUS ASSOCIATION INC (EIN 591350404) - 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

1961

Legal Domicile

Principal Officer

AMY GINSBURG

Phone

2394180996

Tax Period

2023-07-01 to 2024-06-30

SOUTHWEST FLORIDA SYMPHONY ORCHESTRA AND CHORUS ASSOCIATION INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

WE ASPIRE TO BE THE PREMIER MUSIC ORGANIZATION SERVING OUR COMMUNITIES BY PROVIDING QUALITY, PROFESSIONAL PERFORMANCES AND EDUCATIONAL OPPORTUNITIES.

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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 $1,101,834

Program Service Revenue $279,450

Investment Income $346

Other Revenue $2,815

TOTAL REVENUE $1,384,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,007,887

Fundraising Expenses $0

Program Expenses $1,233,930

Other Expenses $594,733

TOTAL EXPENSES $1,602,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,384,445	$1,849,006	-0.3%
Expenses	$1,602,620	$1,860,873	-0.1%
Net Income	$-218,175	$-11,867	+17.4%

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

190

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

$190,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOVANA BATOVIC	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDRA BREMNER	TRUSTEE	1.00	Director	$0	$0	$0
JOE BROUGHTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF CULL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT E DIEFENBACH	TRUSTEE	1.00	Director	$0	$0	$0
ELLIE FOX	TRUSTEE	1.00	Director	$0	$0	$0
LIZ MARNUL	TRUSTEE	1.00	Director	$0	$0	$0
JACK MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
GARY NIETHAMER	TRUSTEE	1.00	Director	$0	$0	$0
REINA SCHLAGER	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB SHORT	TRUSTEE	1.00	Director	$0	$0	$0
J THOMAS UHLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL KADUK	TREASURER	1.00	Officer Director	$0	$0	$0
COREY VERTICH	TRUSTEE	1.00	Director	$0	$0	$0
AMY GINSBURG	EXECUTIVE DIRECTOR	40.00	Officer	$94,417	$0	$94,417
RADU PAPONIU	MUSIC DIRECTOR	40.00	Officer	$96,425	$0	$96,425

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	$1,384,445	$1,602,620	$2,976,221	$-218,175
2023	$1,849,006	$1,860,873	$3,201,049	$-11,867
2022	$1,281,112	$1,132,475	$3,246,003	$148,637
2021	$756,553	$743,908	$2,643,813	$12,645
2020	$1,483,527	$1,612,123	$2,550,699	$-128,596
2019	$1,500,802	$1,712,239	$2,774,831	$-211,437
2018	$1,600,856	$1,788,113	$3,109,352	$-187,257

SOUTHWEST FLORIDA SYMPHONY ORCHESTRA AND CHORUS ASSOCIATION INC