VICTORIA SYMPHONY SOCIETY 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

1976

Legal Domicile

Principal Officer

MS HELEN HULTQUIST

Phone

3615764500

Tax Period

2024-06-01 to 2025-05-31

VICTORIA SYMPHONY SOCIETY INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $707K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $789K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE PERFORMANCES OF THE VICTORIA SYMPHONY ORCHESTRA TO THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $592,839 Revenue: $162,126

PERFORMANCES OF THE VICTORIA SYMPHONY ORCHESTRA. THE AVERAGE ATTENDANCE RANGES FROM 500 TO 1,400 PER CONCERT.

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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 $421,692

Program Service Revenue $162,126

Investment Income $3,394

Other Revenue $119,562

TOTAL REVENUE $706,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,617

Fundraising Expenses $41,040

Program Expenses $595,984

Other Expenses $657,680

TOTAL EXPENSES $789,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$706,774	$996,019	-0.3%
Expenses	$789,297	$955,339	-0.2%
Net Income	$-82,523	$40,680	-3.0%

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

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
MS NANCY BANDY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BLACKWELL	DIRECTOR	1.00	Director	$0	$0	$0
AARON CORBELL	DIRECTOR	1.00	Director	$0	$0	$0
KEITH COX	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
PAM FLOURNOY	DIRECTOR	1.00	Director	$0	$0	$0
MRS KATHY FRELS	DIRECTOR	1.00	Director	$0	$0	$0
PENNI GIETZ	DIRECTOR	1.00	Director	$0	$0	$0
MS HELEN HULTQUIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR MICHAEL HUMMEL	DIRECTOR	2.00	Director	$0	$0	$0
GROVER ELLISOR III	DIRECTOR	1.00	Director	$0	$0	$0
DR JAN JACOB	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN JAKS	DIRECTOR	1.00	Director	$0	$0	$0
MS SOPHIA KAMEITJO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KATS	DIRECTOR	1.00	Director	$0	$0	$0
LORRAINE KATS	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER KLOTZMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA LACK	DIRECTOR	1.00	Officer Director	$0	$0	$0
MS JO LANDRETH	DIRECTOR	1.00	Director	$0	$0	$0
JERRA LEE	DIRECTOR	1.00	Director	$0	$0	$0
MRS KINSEY MCGREW	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MERCER	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
TERI MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE MYERS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MYERS	DIRECTOR	1.00	Director	$0	$0	$0
MRS CHRISTINA OLSON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN PARKER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY PRICE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN QUITTA	DIRECTOR	1.00	Director	$0	$0	$0
PAULA ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
GERRI SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
DOLLY STOKES	DIRECTOR	1.00	Director	$0	$0	$0
TENNA THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WALL	DIRECTOR/VIC	1.00	Officer 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
2025	$706,774	$789,297	$594,871	$-82,523
2024	$996,019	$955,339	$647,381	$40,680
2023	$707,155	$722,473	$624,579	$-15,318
2022	$639,771	$613,316	$604,493	$26,455
2021	$332,526	$289,011	$555,856	$43,515
2020	$657,672	$594,181	$523,252	$63,491
2019	$672,007	$665,941	$477,193	$6,066
2018	$664,286	$682,863	$465,705	$-18,577