Jackson Symphony Association

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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

1961

Legal Domicile

Principal Officer

Sherry Freeman

Phone

7314276440

Tax Period

2024-07-01 to 2025-06-30

Jackson Symphony Association, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 3% surplus.

Mission

The Jackson Symphony enriches and inspires audiences through the power of live orchestral music.

Program Service Accomplishments

Program 1

Expenses: $1,083,612 Revenue: $510,961

Symphony Concerts for the benefit of all citizens in Jackson and Madison County

Program 2

Expenses: $164,928 Revenue: $141,007

Education opportunities for youth and adults of community

Program 3

Expenses: $17,826

Integrative medicine programming that provides live music for the health benefit of patients receiving treatments in the cancer center and confined to the hospital.

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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 $970,445

Program Service Revenue $653,079

Investment Income $41,721

Other Revenue $19,244

TOTAL REVENUE $1,684,489

Expense Breakdown

Grants Paid $5,399

Salaries & Benefits $626,223

Fundraising Expenses $134,971

Program Expenses $1,266,366

Other Expenses $995,311

TOTAL EXPENSES $1,626,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,684,489	$1,276,187	+0.3%
Expenses	$1,626,933	$1,261,265	+0.3%
Net Income	$57,556	$14,922	+2.9%

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

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

$112,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stan Harris	Director	1.00	Director	$0	$0	$0
Nancy McMahon	Director	1.00	Director	$0	$0	$0
Greg Alexander	President	1.00	Officer Director	$0	$0	$0
Nancy Choate	Director	1.00	Director	$0	$0	$0
Carolyn Cunningham	Director	1.00	Director	$0	$0	$0
Sandra Dee	Director	1.00	Director	$0	$0	$0
Mike Farris	Finance Chair	1.00	Officer Director	$0	$0	$0
Anita Hamilton	Director	1.00	Director	$0	$0	$0
Cecilia Hammond	Director	1.00	Director	$0	$0	$0
William Hutchinson	Director	1.00	Director	$0	$0	$0
Lee Eddleman	Director	1.00	Director	$0	$0	$0
Celia Jordan	Director	1.00	Director	$0	$0	$0
Bill Kipp	Governance Chair	1.00	Officer Director	$0	$0	$0
Jessica Salonus	Secretary	1.00	Officer Director	$0	$0	$0
Mary Jane McWherter	Director	1.00	Director	$0	$0	$0
Roger Smith	President Elect	1.00	Officer Director	$0	$0	$0
Darlette Samuels	Director	1.00	Director	$0	$0	$0
Greg Stuart	Director	1.00	Director	$0	$0	$0
Keith Taylor	Director	1.00	Director	$0	$0	$0
Ted Austin	Director	1.00	Director	$0	$0	$0
Laura Nord	Director	1.00	Director	$0	$0	$0
Joanna Priester	Director	1.00	Director	$0	$0	$0
Molly Rheney	Director	1.00	Director	$0	$0	$0
Kay Wilkes	Patron Chair	1.00	Officer Director	$0	$0	$0
RE Butts	Director	1.00	Director	$0	$0	$0
Charles Baldwin	Honorary Director	1.00	Director	$0	$0	$0
Kathryn Swindle	Honorary Director	1.00	Director	$0	$0	$0
Tyler Swindle	Honorary Director	1.00	Director	$0	$0	$0
Brenda Whalley	Honorary Director	1.00	Director	$0	$0	$0
Mona Campbell	Director	1.00	Director	$0	$0	$0
Val Exum	Director	1.00	Director	$0	$0	$0
Bryan Sparks	Director	1.00	Director	$0	$0	$0
Kathy Watts	Director	1.00	Director	$0	$0	$0
Bill White	Director	1.00	Director	$0	$0	$0
Sherry Freeman	Executive Director	40.00	Officer	$112,600	$0	$112,600

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	$1,684,489	$1,626,933	$1,726,457	$57,556
2024	$1,276,187	$1,261,265	$940,589	$14,922
2023	$1,503,425	$1,177,331	$875,467	$326,094
2022	$1,149,232	$1,103,741	$488,412	$45,491
2021	$996,193	$791,740	$529,948	$204,453
2020	$883,592	$796,923	$256,314	$86,669
2019	$857,549	$833,516	$148,426	$24,033
2018	$897,896	$850,039	$65,728	$47,857