HUNTSVILLE SYMPHONY ORCHESTRA

EIN: 630463802 501(c)(3) Arts, Culture & Humanities

HUNTSVILLE, AL

Total Revenue
$2,692,655
Total Expenses
$2,222,471
Total Assets
$1,147,583
Net Assets
$703,290
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
AL
Principal Officer
DAN HALCOMB
Tax Period
2023-07-01 to 2024-06-30

HUNTSVILLE SYMPHONY ORCHESTRA, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2020. Revenue decreased 15% compared to the prior year. Expenses of $1.5M left a modest 11% surplus.

Mission

TO PROMOTE AND ENCOURAGE THE UNDERSTANDING, APPRECIATION, AND STUDY OF THE ART OF MUSIC

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,491,777
Program Service Revenue $1,175,586
Investment Income $25,292
Other Revenue $0
TOTAL REVENUE $2,692,655

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,151,702
Fundraising Expenses $236,349
Program Expenses $1,837,856
Other Expenses $1,070,769
TOTAL EXPENSES $2,222,471

Year-over-Year Comparison

2023 2022 Change
Revenue $2,692,655 $1,875,429 +0.4%
Expenses $2,222,471 $2,001,484 +0.1%
Net Income $470,184 $-126,055 -4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
49
Independent Members
49
Employees
218
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
4
$0
Total Directors
17
$0
Key Employees
1
$93,888
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L AKENHEAD TRUSTEE 1
Director
$0 $0 $0
J ALLEN TRUSTEE 1
Director
$0 $0 $0
S ANDERSON TRUSTEE 1
Director
$0 $0 $0
O APPLEWHITE TRUSTEE 1
Director
$0 $0 $0
L BAILEY TRUSTEE 1
Director
$0 $0 $0
W BATSON TRUSTEE 1
Director
$0 $0 $0
S BOYER TRUSTEE 1
Director
$0 $0 $0
J BRINKLEY TRUSTEE 1
Director
$0 $0 $0
G CANNON TRUSTEE 1
Director
$0 $0 $0
D CHAN TRUSTEE 1
Director
$0 $0 $0
D CHASTEEN TRUSTEE 1
Director
$0 $0 $0
D CHENAULT TRUSTEE 1
Director
$0 $0 $0
W CLAYTON TRUSTEE 1
Director
$0 $0 $0
N COLIN TRUSTEE 1
Director
$0 $0 $0
T WASHBURN MD TRUSTEE 1
Director
$0 $0 $0
A WEAVER TRUSTEE 1
Director
$0 $0 $0
W YANG TRUSTEE 1
Director
$0 $0 $0
G SMITH II CHAIRMAN 4
Officer
$0 $0 $0
C JONES VICE CHAIRMAN 4
Officer
$0 $0 $0
P RENFROE TREASURER 4
Officer
$0 $0 $0
P RHODES SECRETARY 4
Officer
$0 $0 $0
DAN HALCOMB PRESIDENT/CEO 40
Key Emp
$93,888 $0 $93,888
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 $2,692,655 $2,222,471 $1,147,583 $470,184
2023 $1,875,429 $2,001,484 $646,856 $-126,055
2022 $1,819,241 $1,731,234 $787,265 $88,007
2021 $1,719,039 $1,527,302 $930,453 $191,737
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