THE VENICE SYMPHONY INC (EIN 591710244) - 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

CHRISTINE KASTEN

Phone

9412078822

Tax Period

2024-06-01 to 2025-05-31

THE VENICE SYMPHONY INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 4% surplus.

Mission

THE VENICE SYMPHONY EXISTS TO INSPIRE AND TRANSFORM LIVES THROUGH EXCEPTIONAL MUSICAL EXPERIENCES.

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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 $1,055,218

Program Service Revenue $1,521,151

Investment Income $108,451

Other Revenue $-59,868

TOTAL REVENUE $2,624,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $782,569

Fundraising Expenses $0

Program Expenses $1,696,779

Other Expenses $1,749,408

TOTAL EXPENSES $2,531,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,624,952	$2,723,181	0.0%
Expenses	$2,531,977	$2,514,775	+0.0%
Net Income	$92,975	$208,406	-0.6%

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

$162,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE KASTEN	PRESIDENT/CEO	40.00	Officer	$162,400	$0	$162,400
BOB HITE	CHAIR	7.00	Officer Director	$0	$0	$0
BRAD SPECKERMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PENNY CORELL	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM FITCH	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN DIGIACOMO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
ROGER EFFRON	DIRECTOR	1.00	Director	$0	$0	$0
MARC GERKEN	DIRECTOR	3.00	Director	$0	$0	$0
STEVEN LEDBETTER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MCCULLOUGH	DIRECTOR	1.00	Director	$0	$0	$0
NICK PACHOTA	DIRECTOR	1.00	Director	$0	$0	$0
KEN SADLER	DIRECTOR	1.00	Director	$0	$0	$0
CASEY RILEY	DIRECTOR	1.00	Director	$0	$0	$0
COLE MCHARGUE	DIRECTOR	1.00	Director	$0	$0	$0
PETER OLIGER	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
2025	$2,624,952	$2,531,977	$4,683,248	$92,975
2024	$2,723,181	$2,514,775	$4,450,092	$208,406
2023	$2,322,110	$2,160,682	$4,802,056	$161,428
2022	$2,493,315	$1,732,303	$3,987,388	$761,012
2021	$2,390,842	$698,829	$3,579,617	$1,692,013
2019	$1,337,453	$1,105,080	$1,353,934	$232,373
2018	$1,003,034	$1,029,441	$1,094,384	$-26,407

THE VENICE SYMPHONY INC