GALVESTON SYMPHONY ORCHESTRA INC (EIN 742060582) - 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

1979

Legal Domicile

Principal Officer

DR BERND U BUDELMANN

Phone

4099391224

Tax Period

2023-09-01 to 2024-08-31

GALVESTON SYMPHONY ORCHESTRA INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $297K in total revenue in fiscal year 2023.

Mission

TO PROVIDE ORCHESTRA MUSIC TO THE GENERAL PUBLIC AND INCREASE PUBLIC INTEREST IN ORCHESTRA MUSIC IN GALVESTON COUNTY

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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 $206,056

Program Service Revenue $91,187

Investment Income $2

Other Revenue $0

TOTAL REVENUE $297,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $283,119

Other Expenses $294,361

TOTAL EXPENSES $294,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$297,245	$281,315	+0.1%
Expenses	$294,361	$300,791	0.0%
Net Income	$2,884	$-19,476	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAVID BROWN	PAST PRESIDE	5.00	Officer Director	$0	$0	$0
DR BERND U BUDELMANN	PRES EMERITU	5.00	Officer Director	$0	$0	$0
CHERYL CLARK	BOARD MEMBER	5.00	Director	$0	$0	$0
LIZ LAWHORN CRYDER	BOARD MEMBER	5.00	Director	$0	$0	$0
EDEM EKENE	BOARD MEMBER	5.00	Director	$0	$0	$0
DOUG FAIR	BOARD MEMBER	5.00	Director	$0	$0	$0
DR ANDREW GRANT	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRISTINA LEBLANC	ORCHESTRA MA	5.00	Officer Director	$0	$0	$0
LINDA MARROQUIN	BOARD MEMBER	5.00	Director	$0	$0	$0
CINDY MARZA	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS MCMURRAY	PRESIDENT EL	5.00	Officer Director	$0	$0	$0
CHRIS NEMETH	EXEC DIR-EX-	5.00	Director	$0	$0	$0
JUNE PULLIAM	BOARD MEMBER	5.00	Director	$0	$0	$0
DR TROND SAEVERUD	CONDUCTOR-EX	5.00	Director	$0	$0	$0
EDWARD SALINAS	YOUTH SYMPHO	5.00	Director	$0	$0	$0
DAHLIA WOODS	BOARD MEMBER	5.00	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
2024	$297,245	$294,361	$29,230	$2,884
2023	$281,315	$300,791	$26,350	$-19,476
2022	$184,721	$221,638	$45,826	$-36,917
2021	$105,129	$75,633	$91,099	$29,496
2020	$224,766	$201,520	$60,412	$23,246
2019	$212,661	$204,616	$37,266	$8,045

GALVESTON SYMPHONY ORCHESTRA INC