SYMPHONY SOCIETY OF SAN ANTONIO

EIN: 741185669 501(c)(3)

SAN ANTONIO, TX

Total Revenue
$201,376
Total Expenses
$1,992,900
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
TX
Principal Officer
COREY COWART
Phone
2107383001
Tax Period
2022-07-01 to 2023-01-31

SYMPHONY SOCIETY OF SAN ANTONIO, founded in 1939, is a small nonprofit that reported $201K in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 890% operating deficit.

Mission

THE SAN ANTONIO SYMPHONY'S MISSION IS TO DELIGHT, ENGAGE, AND INSPIRE THE ENTIRE COMMUNITY THROUGH EXCELLENT PERFORMANCE, EDUCATION, AND OUTREACH

Program Service Accomplishments

Program 1

THE SAN ANTONIO SYMPHONY, ESTABLISHED IN 1939, FILED FOR BANKRUPTCY ON JUNE 16, 2022 IN THE US BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF TEXAS, SAN ANTONIO DIVISION.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $183,908
Other Revenue $17,468
TOTAL REVENUE $201,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,992,900
TOTAL EXPENSES $1,992,900

Year-over-Year Comparison

2022 2021 Change
Revenue $201,376 $4,096,617 -1.0%
Expenses $1,992,900 $2,356,540 -0.2%
Net Income $-1,791,524 $1,740,077 -2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
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
1
$12,000
Total Directors
2
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY OSHEROW BANKRUPTCY TRUSTEE 2.00
Director
$0 $0 $0
COREY COWART EXECUTIVE DIRECTOR 10.00
Officer Director
$12,000 $0 $12,000
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
2023 $201,376 $1,992,900 No data $-1,791,524
2022 $4,096,617 $2,356,540 $2,467,216 $1,740,077
2021 $4,081,361 $2,990,597 $2,825,764 $1,090,764
2020 $5,240,598 $6,870,434 $2,271,504 $-1,629,836
2019 $6,063,670 $8,114,690 $3,059,278 $-2,051,020
2018 $6,055,718 $5,253,076 $3,987,800 $802,642
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