DAYTONA BEACH SYMPHONY SOCIETY INC

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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

1966

Legal Domicile

Principal Officer

CHRISTINE SENO

Phone

3862532901

Tax Period

2023-05-01 to 2024-04-30

DAYTONA BEACH SYMPHONY SOCIETY INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $554K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO BRING THE WORLD OF CLASSICAL MUSIC, DANCE, AND OPERA TO DAYTONA BEACH, FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $446,445 Revenue: $190,384

PRESENTATION OF CLASSICAL MUSIC CONCERTS IN DAYTONA BEACH, FL TO INCREASE THE COMMUNITY'S AWARENESS AND APPRECIATION FOR SYMPHONIC MUSIC

Program 2

Expenses: $7,419

MUSIC IN THE SCHOOLS PROGRAM CO-SPONSORED WITH THE VOLUSIA COUNTY SCHOOL DISTRICT PRESENTING A CONCERT OF CLASSICAL MUSIC TO INCREASE THE STUDENTS APPRECIATION OF 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 (2023)

Revenue Breakdown

Contributions & Grants $234,679

Program Service Revenue $190,384

Investment Income $16,191

Other Revenue $36,724

TOTAL REVENUE $477,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,992

Fundraising Expenses $0

Program Expenses $453,864

Other Expenses $432,773

TOTAL EXPENSES $553,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$477,978	$405,561	+0.2%
Expenses	$553,765	$376,988	+0.5%
Net Income	$-75,787	$28,573	-3.7%

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

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
CATHERINE BAUERLE	DIRECTOR	3.00	Director	$0	$0	$0
LANORA BELCHER	SECRETARY	3.00	Officer Director	$0	$0	$0
ELIZABETH BLANTON	DIRECTOR	3.00	Director	$0	$0	$0
ROOSEVELT HARRIS DHSC	DIRECTOR	3.00	Director	$0	$0	$0
SUE FILLION	DIRECTOR	3.00	Director	$0	$0	$0
AMELIA FULMER	DIRECTOR	3.00	Director	$0	$0	$0
SANDRA K GOSCH	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
DR LORETHA KING	DIRECTOR	3.00	Director	$0	$0	$0
JOHN ZAK III MD	DIRECTOR	3.00	Director	$0	$0	$0
SHIRLEY OKHOVATIAN	TREASURER	3.00	Officer Director	$0	$0	$0
BRANDON PERRY	DIRECTOR	3.00	Director	$0	$0	$0
HEATHER PETIT-JOHNSON	ARTISTIC ADV	3.00	Director	$0	$0	$0
JOHN R PHELPS	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTINE SENO	PRESIDENT	3.00	Officer Director	$0	$0	$0
LOU SENO	DIRECTOR	3.00	Director	$0	$0	$0
DORI SOUKUP	DIRECTOR	3.00	Director	$0	$0	$0
MEL STACK	DIRECTOR	3.00	Director	$0	$0	$0
MAGGIE THOMPSON	DIRECTOR	3.00	Director	$0	$0	$0
MARGARET YAEGER	PAST PRESIDE	3.00	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	No data	No data	No data	No data
2024	$477,978	$553,765	$611,098	$-75,787
2023	$405,561	$376,988	$658,203	$28,573
2022	$426,094	$391,945	$626,691	$34,149
2021	$214,404	$137,551	$614,626	$76,853
2020	$526,907	$536,429	$509,436	$-9,522