Nashville Symphony Association

EIN: 620550979 501(c)(3) Arts, Culture & Humanities

Nashville, TN

Total Revenue
$32,045,277
Total Expenses
$32,671,348
Total Assets
$89,632,869
Net Assets
$60,814,785
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
TN
Phone
6156876515
Tax Period
2023-08-01 to 2024-07-31

Nashville Symphony Association, founded in 1946, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $32.0M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

The Nashville Symphony inspires and engages a diverse and growing community with extraordinary live orchestral music 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,769,735
Program Service Revenue $10,359,822
Investment Income $2,745,540
Other Revenue $2,170,180
TOTAL REVENUE $32,045,277

Expense Breakdown

Grants Paid $40,809
Salaries & Benefits $16,731,535
Fundraising Expenses $1,979,465
Program Expenses $27,008,058
Other Expenses $15,696,275
TOTAL EXPENSES $32,671,348

Year-over-Year Comparison

2023 2022 Change
Revenue $32,045,277 $22,002,934 +0.5%
Expenses $32,671,348 $29,140,670 +0.1%
Net Income $-626,071 $-7,137,736 -0.9%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
50
Independent Members
47
Employees
519
Volunteers
150

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
9
$688,458
Total Directors
52
$587,836
Key Employees
1
$602,939
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan D Valentine PRESIDENT & CEO 40.0
Officer Director
$381,636 $22,180 $403,816
Dr Mark D Peacock Vice Chair 1.0
Officer Director
$0 $0 $0
Mary Cavarra Board Chair 1.0
Officer Director
$0 $0 $0
Orrin Henry Ingram III Secretary 1.0
Officer Director
$0 $0 $0
Pamela L Carter Immediate Past Chair 1.0
Officer Director
$0 $0 $0
Teresa Mosley Sebastian Treasurer 1.0
Officer Director
$0 $0 $0
Anne Neff MD Director 1.0
Director
$0 $0 $0
Anthony Giarratana Director 1.0
Director
$0 $0 $0
Ben Folds Director 1.0
Director
$0 $0 $0
Betsy Wills Director 1.0
Director
$0 $0 $0
Carolyn S Wenzel Director 1.0
Director
$0 $0 $0
Christian Teather Director 1.0
Director
$0 $0 $0
Cynthia Clark Matthews Director 1.0
Director
$0 $0 $0
Dr Kenneth Sands Director 1.0
Director
$0 $0 $0
Emily Humphreys Director 1.0
Director
$0 $0 $0
Eric Cook Director 1.0
Director
$0 $0 $0
Fredrik Antoine Savage Director 1.0
Director
$0 $0 $0
Gail Carr Williams Director 1.0
Director
$0 $0 $0
George R Lee III Director 1.0
Director
$0 $0 $0
Grace Awh Director 1.0
Director
$0 $0 $0
Henry Ingram Director 1.0
Director
$0 $0 $0
James M Rooney Director 1.0
Director
$0 $0 $0
James Todd Director 1.0
Director
$0 $0 $0
Jeanie Rittenberry Director 1.0
Director
$0 $0 $0
Jeremie Papin Director 1.0
Director
$0 $0 $0
Joel Reist Director/Musician (See Schedule O) 40.0
Director
$84,611 $17,845 $102,456
John Huie Director 1.0
Director
$0 $0 $0
Jonathan McNabb Director 1.0
Director
$0 $0 $0
Karl Sprules Director 1.0
Director
$0 $0 $0
Lana Skelo Gardner Director 1.0
Director
$0 $0 $0
Laura Covington Kimbrell Director 1.0
Director
$0 $0 $0
Laura Ross Director/Musician (See Schedule O) 40.0
Director
$67,631 $13,933 $81,564
Marielena Ramos Director 1.0
Director
$0 $0 $0
Mark Lopez Director 1.0
Director
$0 $0 $0
Mark Tillinger Director 1.0
Director
$0 $0 $0
Michael Sposato Director 1.0
Director
$0 $0 $0
Michael W Hayes Director 1.0
Director
$0 $0 $0
Neil Krugman Director 1.0
Director
$0 $0 $0
Nick Deidiker Director 1.0
Director
$0 $0 $0
Peri Widener Director 1.0
Director
$0 $0 $0
Phylanice Nashe JD Director 1.0
Director
$0 $0 $0
Rhonda Mulroy Director 1.0
Director
$0 $0 $0
Richard L Miller Director 1.0
Director
$0 $0 $0
Sandra Lipman Director 1.0
Director
$0 $0 $0
Shirley Zeitlin Director 1.0
Director
$0 $0 $0
Starling Davis Clark Director 1.0
Director
$0 $0 $0
Travis Vincent Dunn Director 1.0
Director
$0 $0 $0
Vanessa Jackson Director/Chorus President 1.0
Director
$0 $0 $0
Vicki Horne Director 1.0
Director
$0 $0 $0
Victoria Pao Director 1.0
Director
$0 $0 $0
Winston Justice Director 1.0
Director
$0 $0 $0
Yuri Cunza Director 1.0
Director
$0 $0 $0
Jenneen Reed CFO (Begin 11/20/2023) 40.0
Officer
$34,579 $0 $34,579
Melinda Phillips CDO (Begin 12/1/2023) 40.0
Officer
$16,667 $0 $16,667
Tonya Robles COO (Through 12/31/2023) 40.0
Officer
$232,358 $1,038 $233,396
Giancarlo Guerrero Conductor/Music Director 40.0
Key Emp
$568,706 $34,233 $602,939
Dan Grossman VP OF MARKETING 40.0
Highest
$190,403 $37,019 $227,422
Enrico Lopez-Yanez PRINCIPAL POPS CONDUCTOR 40.0
Highest
$146,298 $11,895 $158,193
Eric Swartz VP OF VENUE MANAGEMENT 40.0
Highest
$122,437 $5,063 $127,500
Erik Gratton Musician 40.0
Highest
$120,441 $13,931 $134,372
Erin Hall Musician 40.0
Highest
$137,224 $14,402 $151,626
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 $32,045,277 $32,671,348 $89,632,869 $-626,071
2023 $22,002,934 $29,140,670 $89,181,075 $-7,137,736
2022 $29,930,263 $25,669,126 $95,225,876 $4,261,137
2021 $12,366,678 $10,341,118 $100,031,908 $2,025,560
2020 $15,947,022 $23,610,906 $92,523,857 $-7,663,884
2019 $23,179,344 $27,421,525 $97,192,767 $-4,242,181
2018 $23,557,261 $26,456,868 $101,369,905 $-2,899,607
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