SHOALS SYMPHONY ORCHESTRA

EIN: 630911322 501(c)(3)

FLORENCE, AL

Total Revenue
$346,155
Total Expenses
$395,777
Total Assets
$113,338
Net Assets
$92,545
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
AL
Principal Officer
STANLEY GOLDSTEIN
Phone
2566272630
Tax Period
2024-07-01 to 2025-06-30

SHOALS SYMPHONY ORCHESTRA, founded in 1985, is a small nonprofit that reported $256K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO ENHANCE THE CULTURAL LIFE OF ALL RESIDENTS IN THE SHOALS AREA OF NORTHWEST ALABAMA THROUGH MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $145,070
Program Service Revenue $201,085
Investment Income $0
Other Revenue $0
TOTAL REVENUE $346,155

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,963
Fundraising Expenses $0
Program Expenses $395,777
Other Expenses $279,814
TOTAL EXPENSES $395,777

Year-over-Year Comparison

2024 2023 Change
Revenue $346,155 $319,854 +0.1%
Expenses $395,777 $383,225 +0.0%
Net Income $-49,622 $-63,371 -0.2%
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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Governance

Voting Members
14
Independent Members
14
Employees
3
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STANLEY GOLDSTEIN CO TREASURER N/A
Officer
$0 $0 $0
JASON GRIGSBY VICE PRESIDE N/A
Officer
$0 $0 $0
PAIGE SMITH SECRETARY N/A
Officer
$0 $0 $0
SHELLEY WOLF CO TREASURER N/A
Officer
$0 $0 $0
CAIN YARBROUGH PRESIDENT N/A
Officer
$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 $346,155 $395,777 $113,338 $-49,622
2024 $319,854 $383,225 $163,223 $-63,371
2023 $475,255 $506,848 $240,225 $-31,593
2022 $386,806 $309,119 $271,612 $77,687
2021 $256,301 $276,432 $213,412 $-20,131
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