LAKE CHARLES SYMPHONY INC (EIN 726040901) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Principal Officer

CELIA BROUSSARD

Phone

3374331611

Tax Period

2022-06-01 to 2023-05-31

LAKE CHARLES SYMPHONY INC, founded in 1958, is a small nonprofit that reported $293K in total revenue in fiscal year 2022. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 26% operating margin.

Mission

THE LAKE CHARLES SYMPHONY, INC., IS A NON-PROFIT CULTURAL AND EDUCATIONAL ORGANIZATION WHOSE PURPOSE IS TO PROVIDE CULTURAL ENRICHMENT FOR THE COMMUNITY, TO PROMOTE EDUCATION IN AND APPRECIATION OF SYMPHONIC MUSIC TO THE CHILDREN OF SOUTHWEST LOUISIANA, TO INCREASE THE COMMUNITY'S AWARENESS OF THE ARTS, AND TO MAINTAIN THE LAKE CHARLES SYMPHONY ORCHESTRA.

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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 $37,191

Program Service Revenue $37,422

Investment Income $22,239

Other Revenue $195,650

TOTAL REVENUE $292,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,422

Fundraising Expenses $4,442

Program Expenses $181,022

Other Expenses $171,802

TOTAL EXPENSES $216,224

Year-over-Year Comparison

	2022	2021	Change
Revenue	$292,502	$121,500	+1.4%
Expenses	$216,224	$123,571	+0.7%
Net Income	$76,278	$-2,071	-37.8%

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

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
MICHAEL BEER	TRUSTEE	N/A	Director	$0	$0	$0
CELIA BROUSSARD	PRESIDENT	N/A	Director	$0	$0	$0
KATELYN CHARGOIS	TRUSTEE	N/A	Director	$0	$0	$0
SUSAN CHENET	TRUSTEE	N/A	Director	$0	$0	$0
LIZ FUSELIER	TRUSTEE	N/A	Director	$0	$0	$0
JONATHAN GRIFFIN	TRUSTEE	N/A	Director	$0	$0	$0
JASMINE HARRIS	TRUSTEE	N/A	Director	$0	$0	$0
BECKY HERBERT	TRUSTEE	N/A	Director	$0	$0	$0
CHELSEA TIPTON II	TRUSTEE	N/A	Director	$0	$0	$0
BEVERLY JONES	TRUSTEE	N/A	Director	$0	$0	$0
LYNN JONES	TRUSTEE	N/A	Director	$0	$0	$0
TIFFANY JONES	TRUSTEE	N/A	Director	$0	$0	$0
JOE MILLER JR	TRUSTEE	N/A	Director	$0	$0	$0
LAURA LEACH	TRUSTEE	N/A	Director	$0	$0	$0
BECKY MCMILLEN	TRUSTEE	N/A	Director	$0	$0	$0
KEVIN MELTON	TRUSTEE	N/A	Director	$0	$0	$0
MICHELLE MILLER	SYMPHONY MAN	40.00	Officer Director	$0	$0	$0
PAULETTE O'PRY	TRUSTEE	N/A	Director	$0	$0	$0
SARA PERKINS	TRUSTEE	N/A	Director	$0	$0	$0
JENNIFER TASSIN	TRUSTEE	N/A	Director	$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
2023	$292,502	$216,224	$536,719	$76,278
2022	$121,500	$123,571	$466,575	$-2,071
2021	$49,038	$56,721	$502,182	$-7,683
2020	$81,987	$150,930	$448,995	$-68,943
2019	$149,035	$129,680	$542,092	$19,355
2018	$285,756	$232,890	$557,353	$52,866

LAKE CHARLES SYMPHONY INC