SHOALS SYMPHONY ORCHESTRA

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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

1985

Legal Domicile

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 $346K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $396K exceeded revenue, resulting in a 14% operating deficit.

Mission

SHOALS SYMPHONY ORCHESTRA PERFORMS CONCERTS FOR THE GENERAL PUBLIC AND STUDENTS. THE MISSION OF SHOALS SYMPHONY ORCHESTRA IS TO ENHANCE THE CULTURAL LIFE OF ALL RESIDENTS OF THE SHOALS AREA OF NORTHWEST ALABAMA AND SOUTHERN TENNESSEE THROUGH MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $395,777 Revenue: $201,085

VARIOUS CONCERTS HELD FOR THE ENJOYMENT OF THE COMMUNITY.

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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 $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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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
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