TEMPLE SYMPHONY ORCHESTRA

EIN: 742778141 501(c)(3) Arts, Culture & Humanities

TEMPLE, TX

Total Revenue
$186,740
Total Expenses
$197,025
Total Assets
$1,196,569
Net Assets
$1,196,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
CARRIE TREES
Phone
2547786683
Tax Period
2024-06-01 to 2025-05-31

TEMPLE SYMPHONY ORCHESTRA, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $187K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 77 months of operating reserves.

Mission

"THE TEMPLE SYMPHONY ORCHESTRA'S MISSION IS TO ENTERTAIN, TO EDUCATE, AND TO ENRICH THE CULTURAL LIFE OF CENTRAL TEXAS. OUR MISSION IS SUPPORTED BY PROVIDING A BROAD REPERTOIRE OF LIVE MUSIC PERFORMANCES OF THE HIGHEST ARTISTIC STANDARDS TO A WIDE AND DIVERSE AUDIENCE AND BY EDUCATING STUDENTS AND ADULTS ABOUT OUR RICH MUSICAL TRADITIONS. THE TSO IS DEDICATED TO MAKING THE ORCHESTRAL EXPERIENCE ACCESSIBLE AND APPEALING TO EVERYONE AND IS COMMITTED TO PROVIDING THE COMMUNITY WITH QUALITY MUSICAL PROGRAMMING FEATURING LOCAL AS WELL AS NATIONAL AND INTERNATIONAL ARTISTS PERFORMING CLASSICAL MUSIC, POPS, AND JAZZ."

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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 (2024)

Revenue Breakdown

Contributions & Grants $138,299
Program Service Revenue $45,454
Investment Income $5
Other Revenue $2,982
TOTAL REVENUE $186,740

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,190
Fundraising Expenses $2,630
Program Expenses $187,064
Other Expenses $190,835
TOTAL EXPENSES $197,025

Year-over-Year Comparison

2024 2023 Change
Revenue $186,740 $295,120 -0.4%
Expenses $197,025 $241,052 -0.2%
Net Income $-10,285 $54,068 -1.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
21

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM MAGYAR BOARD PRESIDENT 10.00
Officer Director
$0 $0 $0
ANUPAMA ANCHA CHRISTIANSEN BOARD PRESIDENT-ELECT 10.00
Officer Director
$0 $0 $0
SHANE ICE BOARD TREASUERER 10.00
Officer Director
$0 $0 $0
RHONDA RAMIREZ BOARD SECRETARY 1.00
Director
$0 $0 $0
MERCEDES ARROLIGA BOARD MEMBER 1.00
Director
$0 $0 $0
WILMA CARPENTIER BOARD MEMBER 1.00
Director
$0 $0 $0
ACE MITCH CONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
LUKE DAVID BOARD MEMBER 1.00
Director
$0 $0 $0
JOHNNY DUKE BOARD MEMBER 1.00
Director
$0 $0 $0
MARCOS DURAN BOARD MEMBER 1.00
Director
$0 $0 $0
ERNESTO LOPEZ BOARD MEMBER 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
2025 $186,740 $197,025 $1,196,569 $-10,285
2024 $295,120 $241,052 $1,120,592 $54,068
2023 $130,081 $251,574 $896,860 $-121,493
2022 $133,713 $58,099 $859,764 $75,614
2021 $263,062 $43,064 $796,565 $219,998
2020 $233,494 $98,817 $576,630 $134,677
2019 $170,842 $110,090 $430,472 $60,752
2018 $251,357 $117,006 $369,801 $134,351
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