WACO SYMPHONY FOUNDATION

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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

1988

Legal Domicile

Principal Officer

HARRY HARELIK

Phone

2547541035

Tax Period

2023-01-01 to 2023-12-31

WACO SYMPHONY FOUNDATION, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $171K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 78% operating margin.

Mission

THE WACO SYMPHONY FOUNDATION RECEIVES AND PROVIDES FUNDS FOR SUPPORT OF THE WACO SYMPHONY ASSOCIATION, INC.

Program Service Accomplishments

Program 1

Expenses: $29,579

FUNDS GRANTED TO THE WACO SYMPHONY ASSOCIATION, INC. FOR TUITION SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS PARTICIPATING IN THE WACO YOUTH SYMPHONY ORCHESTRA WHO WERE UNABLE TO PAY THEIR PARTICIPATION...

FUNDS GRANTED TO THE WACO SYMPHONY ASSOCIATION, INC. FOR TUITION SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS PARTICIPATING IN THE WACO YOUTH SYMPHONY ORCHESTRA WHO WERE UNABLE TO PAY THEIR PARTICIPATION FEE, SUPPORT FOR BRINGING GUEST ARTISTS TO THE SYMPHONY, AND FUNDS FOR THE SEARCH FOR A NEW MUSIC DIRECTOR.

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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 $140,535

Program Service Revenue $0

Investment Income $30,322

Other Revenue $0

TOTAL REVENUE $170,857

Expense Breakdown

Grants Paid $29,579

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,579

Other Expenses $7,828

TOTAL EXPENSES $37,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,857	$102,144	+0.7%
Expenses	$37,407	$33,378	+0.1%
Net Income	$133,450	$68,766	+0.9%

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
DIANNE SAWYER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CORWIN	VICE PRESIDENT	1.00	Director	$0	$0	$0
REX DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
HARRY HARELIK	PRESIDENT	1.00	Officer Director	$0	$0	$0
LIZ STANSBURY	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$170,857	$37,407	$1,159,504	$133,450
2022	$102,144	$33,378	$950,599	$68,766
2021	$126,745	$8,945	$1,106,616	$117,800
2020	$75,393	$88,399	$1,022,632	$-13,006
2019	$100,884	$45,998	$962,820	$54,886
2018	$50,389	$38,967	$849,854	$11,422