ALABAMA SYMPHONIC ASSOCIATION INC

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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

1993

Legal Domicile

Principal Officer

MARK PATRICK

Phone

2053146906

Tax Period

2022-07-01 to 2023-06-30

ALABAMA SYMPHONIC ASSOCIATION INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2022. Expenses of $6.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE PUBLIC CLASSICAL AND POPS MUSICAL PERFORMANCES THROUGHOUT ALABAMA FEATURING DIVERSE SELECTIONS OF MUSICAL PROGRAMING AND PROVIDE ORGANIZED MUSICAL EDUCATION PROGRAMS FOCUSED

Program Service Accomplishments

Program 1

Expenses: $5,222,689 Revenue: $0

TO PROVIDE MUSICAL PERFORMANCES AND EDUCATION TO THE GENERAL PUBLIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,110,698

Program Service Revenue $1,170,383

Investment Income $2

Other Revenue $1,328,303

TOTAL REVENUE $5,609,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,619,331

Fundraising Expenses $458,564

Program Expenses $5,222,689

Other Expenses $1,674,151

TOTAL EXPENSES $6,293,482

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,609,386	$5,623,910	0.0%
Expenses	$6,293,482	$5,625,869	+0.1%
Net Income	$-684,096	$-1,959	+348.2%

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

350

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

$108,521

Key Employees

$210,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY MCKINNEY	DIRECTOR, CHAIRMAN	1.00	Officer Director	$0	$0	$0
F DIXON BROOKE JR	DIRECTOR, VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CAROL PHILLIPS	DIRECTOR, TREASURER	1.00	Officer Director	$0	$0	$0
KAREN PIASSICK	DIRECTOR, SECRETARY	1.00	Officer Director	$0	$0	$0
PEGGY BALLIET	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN BLACK	DIRECTOR	1.00	Director	$0	$0	$0
EMILY G BRANUM	DIRECTOR	1.00	Director	$0	$0	$0
DELL S BROOKE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM W BROOKE	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS CIULLA	DIRECTOR	1.00	Director	$25,409	$0	$25,409
KATHLEEN COSTELLO	DIRECTOR	1.00	Director	$41,823	$0	$41,823
VICTOR DARLEY-USMAR	DIRECTOR	1.00	Director	$0	$0	$0
LANT B DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN DUNN	DIRECTOR	1.00	Director	$0	$0	$0
REBEKAH ELGIN-COUNCIL	DIRECTOR	1.00	Director	$0	$0	$0
M MILLER GORRIE	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE P GRINNEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES M HARDIN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN PHOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
RUPA K KITCHENS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT E KRISTOFCO	DIRECTOR	1.00	Director	$0	$0	$0
LYNN F LARUSSA	DIRECTOR	1.00	Director	$0	$0	$0
NANCY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
COLIN H LUKE	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA MARKSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MAYUMI MASRI	DIRECTOR	40.00	Director	$41,289	$0	$41,289
JENNIFER MCCAIN	DIRECTOR	1.00	Director	$0	$0	$0
G ADAM MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCELROY	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR MCELROY	DIRECTOR	1.00	Director	$0	$0	$0
EMMETT MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MEEKS	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA N MOODY	DIRECTOR	1.00	Director	$0	$0	$0
G RUFFNER PAGE JR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM RUSHTON IV	DIRECTOR	1.00	Director	$0	$0	$0
AMY SHIREY	DIRECTOR	1.00	Director	$0	$0	$0
SANJAY K SINGH	DIRECTOR	1.00	Director	$0	$0	$0
CHANDLER H SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SMOKE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES S SNOW	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS IZCARAY	MUSIC DIRECTOR	50.00	Key Emp Highest	$210,000	$0	$210,000

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	No data	No data	No data	No data
2023	$5,609,386	$6,293,482	$1,967,146	$-684,096
2022	$5,623,910	$5,625,869	$2,664,892	$-1,959
2021	$5,743,069	$3,723,095	$2,772,905	$2,019,974
2020	$4,846,319	$6,162,866	$1,162,175	$-1,316,547
2019	$6,835,251	$6,676,864	$2,003,588	$158,387
2018	$6,495,496	$6,350,932	$1,976,804	$144,564