Jacksonville Symphony Association Inc (EIN 596002520) - 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

1950

Legal Domicile

Principal Officer

STEVEN LIBMAN

Phone

9043540792

Tax Period

2024-07-01 to 2025-06-30

Jacksonville Symphony Association Inc, founded in 1950, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $26.0M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.6M, a strong 45% operating margin.

Mission

THE MISSION OF THE JACKSONVILLE SYMPHONY IS TO ENRICH THE HUMAN SPIRIT THROUGH 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 $20,313,394

Program Service Revenue $4,538,745

Investment Income $738,289

Other Revenue $409,115

TOTAL REVENUE $25,999,543

Expense Breakdown

Grants Paid $3,300

Salaries & Benefits $9,458,541

Fundraising Expenses $1,122,404

Program Expenses $10,468,770

Other Expenses $4,941,991

TOTAL EXPENSES $14,403,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,999,543	$12,083,683	+1.2%
Expenses	$14,403,832	$12,983,751	+0.1%
Net Income	$11,595,711	$-900,068	-13.9%

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

392

Volunteers

260

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

$721,236

Total Directors

$488,073

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR STEVEN LIBMAN	PRESIDENT & CEO	40.0	Officer Director	$316,750	$13,034	$329,784
MS COURTNEY LEWIS	MUSIC DIRECTOR	40.0	Highest	$285,232	$31,042	$316,274
MR THOMAS FLAHERTY	VP & CFO	40.0	Officer	$180,750	$17,373	$198,123
MR BRYAN DEBOER	VP & CHIEF ADVANCEMENT OFFICER	40.0	Officer	$161,539	$31,790	$193,329
MR JASON LINDSAY	ORCHESTRA REPRESENTATIVE	40.0	Director	$54,116	$25,094	$79,210
MR DANNY RIOS	ORCHESTRA REPRESENTATIVE	40.0	Director	$54,116	$24,963	$79,079
MR J F BRYAN	DIRECTOR	0.5	Director	$0	$0	$0
MR GREG ANDERSON	DIRECTOR	0.5	Director	$0	$0	$0
MR DONALD A BALDWIN	DIRECTOR	0.5	Director	$0	$0	$0
MR GILCHRIST B BERG	DIRECTOR	0.5	Director	$0	$0	$0
MS POPPY CLEMENTS	DIRECTOR	0.5	Director	$0	$0	$0
MR RAFAEL CALDERA	DIRECTOR	0.5	Director	$0	$0	$0
MR CARL CANNON	DIRECTOR	0.5	Director	$0	$0	$0
MRS CHUNG-HAE CASLER	DIRECTOR	0.5	Director	$0	$0	$0
MR KEVIN CRAIG	VICE CHAIR	0.5	Officer Director	$0	$0	$0
MR R CHRIS DOERR	DIRECTOR	0.5	Director	$0	$0	$0
MR JIM JOHNSON	DIRECTOR	0.5	Director	$0	$0	$0
MR CHARLES S JOSEPH	DIRECTOR	0.5	Director	$0	$0	$0
MS DANA L KARZAN	DIRECTOR	0.5	Director	$0	$0	$0
DR ANNE LUFRANO PHD	DIRECTOR	0.5	Director	$0	$0	$0
MS SHEILA MCLENAGHAN	DIRECTOR	0.5	Director	$0	$0	$0
MR JOE T PORTER	DIRECTOR	0.5	Director	$0	$0	$0
DR TIMOTHY A WOODWARD MD	DIRECTOR	0.5	Director	$0	$0	$0
MR DOUGLAS C WORTH	DIRECTOR	0.5	Director	$0	$0	$0
HON GWENDOLYN GWEN YATES	DIRECTOR	0.5	Director	$0	$0	$0
MR BRIAN FAY	DIRECTOR	0.5	Director	$0	$0	$0
MR EDWARD SKINNER JONES	DIRECTOR	0.5	Director	$0	$0	$0
MR MATTHEW MARCIN	CHAIR	0.5	Officer Director	$0	$0	$0
MS CONCHITA ROBINSON	TREASURER	0.5	Officer Director	$0	$0	$0
MR DAVID M STRICKLAND	DIRECTOR	0.5	Director	$0	$0	$0
MS KELLEY MATTHEWS	DIRECTOR	0.5	Director	$0	$0	$0
DR ANJALI LUECK DMD	SECRETARY	0.5	Officer Director	$0	$0	$0
MR RAJEEB DAS	DIRECTOR	0.5	Director	$0	$0	$0
MS AMY RUTH	DIRECTOR	0.5	Director	$0	$0	$0
MS ANNETTE SALSMAN	DIRECTOR	0.5	Director	$0	$0	$0
DR KRISTINA SCHNITZER MD	DIRECTOR	0.5	Director	$0	$0	$0
MR EVAN STRAIN	DIRECTOR	0.5	Director	$0	$0	$0
MR DEAN SUNAS	DIRECTOR	0.5	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	$25,999,543	$14,403,832	$46,107,857	$11,595,711
2024	No data	No data	No data	No data
2023	$28,820,293	$11,936,099	$31,734,430	$16,884,194
2022	$12,101,083	$10,709,554	$13,168,401	$1,391,529
2021	$11,991,040	$8,762,633	$14,561,376	$3,228,407
2020	$9,523,661	$10,972,085	$11,456,662	$-1,448,424
2019	$9,595,497	$11,090,763	$13,647,806	$-1,495,266
2018	$10,024,701	$12,397,836	$14,968,655	$-2,373,135

Jacksonville Symphony Association Inc