MID-TEXAS SYMPHONY SOCIETY INC (EIN 742003063) - 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

1978

Legal Domicile

Principal Officer

CHRIS BISCHOFF

Phone

8304635353

Tax Period

2023-07-01 to 2024-06-30

MID-TEXAS SYMPHONY SOCIETY INC, founded in 1978, is a small nonprofit that reported $567K in total revenue in fiscal year 2023. The organization ran a surplus of $87K, a strong 15% operating margin.

Mission

THE MID-TEXAS SYMPHONY BRINGS SYMPHONIC MUSIC TO THE NEW BRAUNFELS AND SEGUIN, TEXAS COMMUNITIES. THE SYMPHONY PRESENTS A CHILDREN'S CONCERT SERIES, A MUSIC MEMORY CONTEST AND A CONCERTO COMPETITION FOR UNIVERSITY STUDENTS. TOGETHER WITH TEXAS LUTHERAN UNIVERSITY, THE SYMPHONY SPONSORS A COMMUNITY MUSIC ACADEMY OFFERING STRING LESSONS AND YOUTH ORCHESTRAL AND CHORAL GROUPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $327,156

Program Service Revenue $177,308

Investment Income $13,600

Other Revenue $48,733

TOTAL REVENUE $566,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,105

Fundraising Expenses $25,737

Program Expenses $379,891

Other Expenses $381,196

TOTAL EXPENSES $479,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,797	$525,989	+0.1%
Expenses	$479,301	$429,499	+0.1%
Net Income	$87,496	$96,490	-0.1%

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

$71,237

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN SALYERS	PRESIDENT	3.00	Officer Director	$0	$0	$0
CORDELIA GRANT	SECRETARY	3.00	Officer Director	$0	$0	$0
TOME WALTERS	VP DEVELOPMENT	3.00	Officer Director	$0	$0	$0
MARJORIE PETERS	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE STONE	VP MUSIC	1.00	Officer Director	$0	$0	$0
CANDY CARPENTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BISCHOFF	VP FINANCE	3.00	Officer Director	$0	$0	$0
CARL MCCAULEY	VP EDUCATION	1.00	Officer Director	$0	$0	$0
GREGG WOODALL	DIRECTOR	1.00	Director	$0	$0	$0
CATHY KIRK	VP GUILDS	1.00	Officer Director	$0	$0	$0
FRANK HUYBRECHTS	DIRECTOR	1.00	Director	$0	$0	$0
YOSHIKO GRACE SMALLMAN	DIRECTOR	1.00	Director	$0	$0	$0
DELIA SAUCEDO-MILAM	DIRECTOR	1.00	Director	$0	$0	$0
JASON C IRLE	EXECUTIVE DIRECTOR	40.00	Officer	$69,782	$1,455	$71,237

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
2024	$566,797	$479,301	$808,050	$87,496
2023	$525,989	$429,499	$711,035	$96,490
2022	$452,968	$388,158	$537,255	$64,810
2021	$248,096	$235,156	$526,339	$12,940
2020	$309,046	$309,719	$429,367	$-673
2019	$221,651	$360,377	$422,662	$-138,726
2018	$292,426	$367,048	$542,529	$-74,622

MID-TEXAS SYMPHONY SOCIETY INC