THE PALM BEACH SYMPHONY SOCIETY INC (EIN 591542539) - 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

1974

Legal Domicile

Principal Officer

MR JAMES BORYNACK

Phone

5616552657

Tax Period

2024-06-01 to 2025-05-31

THE PALM BEACH SYMPHONY SOCIETY INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024.

Mission

TO EDUCATE AND NURTURE THE LOCAL COMMUNITY IN CLASSICAL SYMPHONIC MUSIC.

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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 $3,068,978

Program Service Revenue $640,201

Investment Income $130,509

Other Revenue $417,156

TOTAL REVENUE $4,256,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,340,975

Fundraising Expenses $755,800

Program Expenses $3,130,464

Other Expenses $2,924,889

TOTAL EXPENSES $4,265,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,256,844	$4,218,147	+0.0%
Expenses	$4,265,864	$3,937,920	+0.1%
Net Income	$-9,020	$280,227	-1.0%

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

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

$381,399

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JAMES BORYNACK	CHAIR	30.00	Officer Director	$0	$0	$0
MR RICHARD BREKUS	VICE CHAIR	10.00	Officer Director	$0	$0	$0
MR JOHN D HERRICK	TREASURER	10.00	Officer Director	$0	$0	$0
MR DON THOMPSON	SECRETARY	10.00	Director	$0	$0	$0
MS LAURIE BAY	DIRECTOR	10.00	Director	$0	$0	$0
MS CAROL BAXTER	DIRECTOR	10.00	Director	$0	$0	$0
MS CATHLEEN BLACK	DIRECTOR	10.00	Director	$0	$0	$0
MS NANNETTE CASSIDY	DIRECTOR	10.00	Director	$0	$0	$0
MS AMY COLLINS	DIRECTOR	10.00	Director	$0	$0	$0
MR TODD DAHLSTROM	DIRECTOR	10.00	Director	$0	$0	$0
MS MARY DEMORY	DIRECTOR	10.00	Director	$0	$0	$0
MS CAROL HAYS	DIRECTOR	10.00	Director	$0	$0	$0
MR PERCY KAVASMANECK	DIRECTOR	10.00	Director	$0	$0	$0
MS MARIETTA M MCNULTY	DIRECTOR	10.00	Director	$0	$0	$0
MS MARTHA RODRIGUEZ MD	DIRECTOR	10.00	Director	$0	$0	$0
MS KAREN ROGERS	DIRECTOR	10.00	Director	$0	$0	$0
MR ADAM WOLEK	DIRECTOR	10.00	Director	$0	$0	$0
MR DAVID MCCLYMONT	CEO	40.00	Officer	$347,680	$33,719	$381,399
MS OLGA VAZQUEZ	DIRECTOR OF ARTISTIC OPERA	40.00	Highest	$111,259	$11,287	$122,546

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	$4,256,844	$4,265,864	$3,930,928	$-9,020
2024	$4,218,147	$3,937,920	$3,745,527	$280,227
2023	$3,556,955	$3,770,399	$2,728,286	$-213,444
2023	$3,454,374	$3,754,029	$2,728,286	$-299,655
2022	$3,215,175	$2,872,593	$3,120,506	$342,582
2021	$1,832,504	$1,703,662	$2,739,775	$128,842
2020	$2,242,497	$1,912,207	$2,258,054	$330,290
2019	$2,204,959	$1,776,106	$1,596,757	$428,853
2018	$1,610,647	$1,330,442	$1,147,303	$280,205

THE PALM BEACH SYMPHONY SOCIETY INC