WACO SYMPHONY ASSOCIATION INC (EIN 746062658) - 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

1962

Legal Domicile

Principal Officer

CAROLYN BESS

Phone

2547541035

Tax Period

2024-05-01 to 2025-04-30

WACO SYMPHONY ASSOCIATION INC, founded in 1962, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 12% surplus.

Mission

SUPPORT OF THE WACO SYMPHONY AND RELATED EVENTS

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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 $738,292

Program Service Revenue $701,388

Investment Income $6,143

Other Revenue $35,589

TOTAL REVENUE $1,481,412

Expense Breakdown

Grants Paid $20,186

Salaries & Benefits $193,502

Fundraising Expenses $106,367

Program Expenses $1,025,859

Other Expenses $1,082,601

TOTAL EXPENSES $1,296,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,481,412	$1,095,915	+0.4%
Expenses	$1,296,289	$1,039,343	+0.2%
Net Income	$185,123	$56,572	+2.3%

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

125

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

$132,527

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANNE SAWYER	PRESIDENT	2.00	Officer Director	$0	$0	$0
LIZ STANSBURY	PRESIDENT-ELECT/VP SPONSORSHIP	1.00	Officer Director	$0	$0	$0
ANN HARDER	CO-VP.,ARTISTC ADVISORY	1.00	Officer Director	$0	$0	$0
REX DAVIS	VICE-PRES.,NOMINATING	1.00	Officer Director	$0	$0	$0
RHETT DAWSON	VP.,AUDIENCE DEVELOPMENT	1.00	Officer Director	$0	$0	$0
BILL LECHNER	VICE-PRES.,TECHNOLOGY	1.00	Officer Director	$0	$0	$0
HARRY HARELIK	PRESIDENT, WACO SYM FDN	1.00	Officer Director	$0	$0	$0
NANCY LIVINGSTON	PRESIDENT, FINANCE	1.00	Officer Director	$0	$0	$0
JOCELYN WILLIAMS	VP-EDUCATION & OUTREACH	1.00	Officer Director	$0	$0	$0
MIKE RAYMOND	VICE-PRES, STRATEGIC PLANNING	1.00	Officer Director	$0	$0	$0
ROBIN BAIRD	VICE-PRES, UNION RELATIONS	1.00	Officer Director	$0	$0	$0
ALICE STARR	CO-VICE-PRES.,SPECIAL PROJ	1.00	Officer Director	$0	$0	$0
DEBRA BURLESON	CO-VICE-PRES.,SPECIAL PROJ	1.00	Officer Director	$0	$0	$0
LISA LACY	CO-VICE-PRES.,HOSPITALITY	1.00	Officer Director	$0	$0	$0
LAURA SWANN	CO-VICE-PRES.,HOSPITALITY	1.00	Officer Director	$0	$0	$0
ALEC BURRISS	CO-VP, CONCERTO CIRCLE	1.00	Officer Director	$0	$0	$0
JON GIMBLE	SECRETARY	1.00	Officer Director	$0	$0	$0
LIZ AREND	COUNCIL PRESIDENT	1.00	Director	$0	$0	$0
MARSHA GREEN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
CHARLES STERN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JEFFREY ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
KYLENE BEERS	DIRECTOR	1.00	Director	$0	$0	$0
GARY COLEY	DIRECTOR	1.00	Director	$0	$0	$0
DIANE DEAVER	DIRECTOR	1.00	Director	$0	$0	$0
GLENN HANNA	DIRECTOR	1.00	Director	$0	$0	$0
JANA HIXSON	DIRECTOR	1.00	Director	$0	$0	$0
CARLISS HYDE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE KAGA	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY KROLL	DIRECTOR	1.00	Director	$0	$0	$0
RYAN LUNA	DIRECTOR	1.00	Director	$0	$0	$0
JOAQUIN LUGO	DIRECTOR	1.00	Director	$0	$0	$0
JOHNETTE MCKOWN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PITTS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PROTHRO	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED SOLANO	DIRECTOR	1.00	Director	$0	$0	$0
GLENDA STRUM	DIRECTOR	1.00	Director	$0	$0	$0
CANDY SWENKE	DIRECTOR	1.00	Director	$0	$0	$0
VERONICKA THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL YANOWITCH	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE ALEXANDER	CO-VP.,ARTISTIC ADVISORY	1.00	Officer Director	$0	$0	$0
JERRY POWELL	VICE-PRES., ADMINISTRATION	1.00	Officer Director	$0	$0	$0
VAL RISPOLI	VICE-PRES FINANCE	1.00	Officer Director	$0	$0	$0
STEPHEN H CORWIN	VP, WACO SYMPHONY FDN	1.00	Officer Director	$0	$0	$0
DONALD LEWIS	VICE-PRES., LOGISTICS	1.00	Officer Director	$0	$0	$0
ANDREA KOSAR	CO- VP.,CONCERTO CIRCLE	0.00	Officer Director	$0	$0	$0
PHIL REEDER	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN BESS	EXECUTIVE DIRECTOR	50.00	Officer	$119,639	$12,888	$132,527

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	$1,481,412	$1,296,289	$891,936	$185,123
2024	$1,095,915	$1,039,343	$677,023	$56,572
2023	$1,098,910	$1,006,889	$558,950	$92,021
2022	$990,955	$1,004,417	$380,153	$-13,462
2021	$371,642	$378,522	$500,079	$-6,880
2020	$778,562	$778,880	$574,235	$-318
2019	$968,814	$941,906	$387,251	$26,908
2018	$954,614	$940,351	$359,573	$14,263

WACO SYMPHONY ASSOCIATION INC