RICHARDSON SYMPHONY INC (EIN 751186008) - 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

1961

Legal Domicile

Principal Officer

Laurie Garvie

Phone

9722344195

Tax Period

2024-07-01 to 2025-06-30

RICHARDSON SYMPHONY INC, founded in 1961, is a small nonprofit in the Arts, Culture & Humanities sector that reported $872K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

Provide quality live musical performances of popular and classical music for North Dallas Metroplex area. We also seek to promote music education with an eye towards educating future artists and audiences by offering childrens concerts and classroom visits through our Symphony Days Program.

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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 $595,919

Program Service Revenue $271,263

Investment Income $5,316

Other Revenue $0

TOTAL REVENUE $872,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,488

Fundraising Expenses $57,539

Program Expenses $657,497

Other Expenses $710,102

TOTAL EXPENSES $942,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$872,498	$1,094,798	-0.2%
Expenses	$942,590	$960,640	0.0%
Net Income	$-70,092	$134,158	-1.5%

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

N/A

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

Total Directors

$68,784

Key Employees

$80,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie Benson	Chairman	5.00	Officer	$0	$0	$0
Joe Quirk	VP Board Development	5.00	Officer	$0	$0	$0
Jamie Whitesell	VP Special Events	5.00	Officer	$0	$0	$0
Lisa Kupfer	Secretary	5.00	Officer	$0	$0	$0
Laurie Garvie	President	40.00	Key Emp	$80,550	$0	$80,550
Catherine Burdette	Hospitality	5.00	Officer	$0	$0	$0
Angela Loggenberg	VP Finance	5.00	Officer	$0	$0	$0
Gayle Anderson	Director	2.00	Director	$0	$0	$0
Michael Bahr	Director	2.00	Director	$0	$0	$0
Lynn McCoy	Director	2.00	Director	$0	$0	$0
Neil Orleans	VP Sponsorships	5.00	Officer	$0	$0	$0
David Boelter	Director	2.00	Director	$0	$0	$0
Anne Balsamo	Director	2.00	Director	$0	$0	$0
Sandy Cook	Director	2.00	Director	$0	$0	$0
John Petty	Director	2.00	Director	$0	$0	$0
James Hayden	Director	2.00	Director	$3,150	$0	$3,150
Ed Whitesell	Director	2.50	Director	$0	$0	$0
Cathy Troy	Director	2.50	Director	$0	$0	$0
Ross Sivertsen	Technology	5.00	Officer	$0	$0	$0
Sharon Snayd	Director	2.00	Director	$0	$0	$0
Hank Mulvilhill	Member at Large	2.00	Officer	$0	$0	$0
Clay Couturiaux	Music Director Conductor	2.00	Director	$58,545	$0	$58,545
Susan Kassen	RSL Liason	2.00	Director	$0	$0	$0
Linda Proch	Musician Representative	2.00	Director	$7,089	$0	$7,089
Sandy Palish	COR Arts Commission Liason	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	$872,498	$942,590	$326,311	$-70,092
2024	$1,094,798	$960,640	$523,244	$134,158
2023	$920,864	$692,578	$291,259	$228,286
2022	$643,738	$633,888	$54,213	$9,850
2021	$421,145	$487,372	$47,439	$-66,227

RICHARDSON SYMPHONY INC