NEW WORLD SYMPHONY INC (EIN 592809056) - 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

1987

Legal Domicile

Principal Officer

HUMBERTO ORTEGA

Phone

3054286700

Tax Period

2024-07-01 to 2025-06-30

NEW WORLD SYMPHONY INC, founded in 1987, is a mid-sized nonprofit in the Education sector that reported $21.5M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $26.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

PREPARES GIFTED GRADUATES OF PRESTIGIOUS MUSIC PROGRAMS FOR SUCCESSFUL CAREERS IN ORCHESTRAS AND ENSEMBLES.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $16,308,620

Program Service Revenue $1,821,344

Investment Income $4,307,487

Other Revenue $-952,871

TOTAL REVENUE $21,484,580

Expense Breakdown

Grants Paid $1,913,019

Salaries & Benefits $10,064,709

Fundraising Expenses $3,022,942

Program Expenses $20,584,602

Other Expenses $14,211,788

TOTAL EXPENSES $26,189,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,484,580	$34,471,304	-0.4%
Expenses	$26,189,516	$25,093,684	+0.0%
Net Income	$-4,704,936	$9,377,620	-1.5%

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

112

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

$718,554

Total Directors

Key Employees

$727,685

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M OSBORNE III	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
ADAM CARLIN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
IRA M BIRNS TRUSTEE	VC/TREASURER/CHAIR OF FIN COMM	1.00	Officer Director	$0	$0	$0
DOROTHY A TERRELL	VC/SECRETARY	1.00	Officer Director	$0	$0	$0
SHELDON T ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
MADELEINE ARISON	TRUSTEE	1.00	Director	$0	$0	$0
SARAH S ARISON	TRUSTEE	1.00	Director	$0	$0	$0
MARTY BARON	TRUSTEE - UNTIL 01/25	1.00	Director	$0	$0	$0
ANNE DONOVAN BODNAR	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE BORMANN	TRUSTEE - UNTIL 04/25	1.00	Director	$0	$0	$0
MATTHEW A BUDD MD	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW W BUTTRICK	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE E CLINTON	TRUSTEE	1.00	Director	$0	$0	$0
JJ DESAI	TRUSTEE	1.00	Director	$0	$0	$0
ANN DRAKE	TRUSTEE	1.00	Director	$0	$0	$0
MARY E FRANK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FUMAGALLI	TRUSTEE	1.00	Director	$0	$0	$0
ROSE ELLEN GREENE	TRUSTEE	1.00	Director	$0	$0	$0
MATT HAGGMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN J HALEY	TRUSTEE	1.00	Director	$0	$0	$0
NEISEN O KASDIN	TRUSTEE	1.00	Director	$0	$0	$0
GERALD KATCHER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM KLEH	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD L KOHAN	TRUSTEE	1.00	Director	$0	$0	$0
JC LISCANO	TRUSTEE	1.00	Director	$0	$0	$0
CHARMEL MAYNARD	TRUSTEE	2.00	Director	$0	$0	$0
ADAM MORRIS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM L MORRISON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT MOSS	TRUSTEE - UNTIL 10/24	1.00	Director	$0	$0	$0
L MICHAEL ORLOVE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN L OWENS	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA M PAPPER	TRUSTEE	1.00	Director	$0	$0	$0
TRACEY ROBERTSON CARTER	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH RODIN	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD MANNO SHUMSKY	TRUSTEE	1.00	Director	$0	$0	$0
EBONEE THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J ZINNER MD	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD HERRING	PRESIDENT & CEO	60.00	Officer	$456,594	$26,115	$482,709
HUMBERTO ORTEGA	SVP AND CFO	40.00	Officer	$214,491	$21,354	$235,845
DAVID PHILLIPS	MANAGING DIRECTOR, ALTON PONTE LLC	40.00	Key Emp	$206,080	$24,935	$231,015
MAUREEN O'BRIEN	EVP, INSTITUTIONAL ADVANCE	40.00	Key Emp	$250,726	$25,762	$276,488
CASSIDY CARLSON SVP	MUSICIAN ADV. AND DEAN - UNTIL 12/24	40.00	Key Emp	$173,304	$46,878	$220,182
ASHLEY SKINNER	SVP, INST'L CULTURE & INCLUSION	40.00	Highest	$166,835	$17,813	$184,648
PAUL WOEHRLE	VP, CAPITAL AND PLANNED GIVING	40.00	Highest	$149,400	$21,641	$171,041
CLYDE SCOTT	VP AND CREATIVE DIRECTOR	40.00	Highest	$209,646	$16,094	$225,740
JULISA FUSTE	VP, DEVELOPMENT	40.00	Highest	$135,871	$29,818	$165,689
MARTIN SHER SVP ARTISTIC	PLANNING & PROGRAMS - UNTIL 01/25	40.00	Highest	$204,985	$31,023	$236,008

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	$21,484,580	$26,189,516	$302,084,268	$-4,704,936
2024	$34,471,304	$25,093,684	$297,697,672	$9,377,620
2023	$5,651,060	$23,758,486	$278,590,819	$-18,107,426
2022	$46,402,310	$22,800,115	$279,723,631	$23,602,195
2021	$35,310,734	$20,165,935	$276,856,221	$15,144,799
2020	$26,085,222	$20,963,403	$257,346,893	$5,121,819
2019	$18,396,485	$21,051,818	$257,542,360	$-2,655,333

NEW WORLD SYMPHONY INC