SYMPHONIC BAND OF THE PALM BEACHES INC (EIN 592183803) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

AL HORNER

Phone

5618323115

Tax Period

2023-10-01 to 2024-09-30

SYMPHONIC BAND OF THE PALM BEACHES INC, founded in 1965, is a small nonprofit that reported $183K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $176K left a modest 4% surplus.

Mission

TO PERFORM PUBLIC CONCERTS, PROVIDE OPPORTUNITIES FOR MUSICAL EXPRESSION AND GROWTH AMONG ITS MEMBERSHIP, STRIVE TO ELEVATE THE STANDARDS OF SYMPHONIC BAND PERFORMANCE AND CREATE SCHOLARSHIP OPPORTUNITIES FOR DEDICATED AND TALENTED STUDENTS WHILE PROVIDING A MUSICAL OUTLET FOR THEIR GROWTH AND DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,757

Program Service Revenue $111,271

Investment Income $3,268

Other Revenue $0

TOTAL REVENUE $183,296

Expense Breakdown

Grants Paid $80,959

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,653

Other Expenses $94,694

TOTAL EXPENSES $175,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,296	$345,783	-0.5%
Expenses	$175,653	$147,370	+0.2%
Net Income	$7,643	$198,413	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY GODWIN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
WES BLACKMAN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
AL HORNER	TREASURER	2.00	Officer	$0	$0	$0
DIETTA SLAYTON	PRESIDENT	2.00	Officer	$0	$0	$0
STEVE GEBELOFF	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KATIE PENNINGTON	SECRETARY	2.00	Officer	$0	$0	$0
CLIFF FRITTS	LIBRARIAN	2.00	Officer	$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
2024	$183,296	$175,653	$365,707	$7,643
2023	$345,783	$147,370	$371,014	$198,413

SYMPHONIC BAND OF THE PALM BEACHES INC